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DJ Queros Capital Partners Plc Audited Annual Results for Year December 2018

 
TIDMQCP 
 
3 June 2019 
 
                          Queros Capital Partners PLC 
                          ("Queros" or "the Company") 
 
Audited Annual Results for the year ended 31 December 2018 
 
The Directors present their strategic report for the year ended 
31 December 2018. 
 
Below shows the Strategic report presented by the Directors for the year ended 
31 December 2018. Further, the Directors are delighted to disclose the 
financial report to stakeholders for the period ended 31st December 2018. 
 
The Company's key financial and other performance indicators during the year 
were as follows: 
 
                            2018         2017         % Change 
 
                            GBP            GBP 
 
Total Turnover              465,074      367,010      27% 
 
Coupon payable on Bond      312,991      258,542      21% 
subscriptions 
 
Total bond subscriptions    3,900,000    3,500,000    11% 
 
Total investments made      4,814,838    2,536,255    90% 
 
Total turnover of the Company has increased by 27% as compared to the previous 
year. 
 
Total bond subscriptions have increased to GBP3,900,000 for the period under 
review. 
 
Investments made by the Company increased to GBP4,814,838 as compared to GBP 
2,536,255 last year which is an increase of 90%. 
 
For the financial year ended 31st December 2018, the Net assets of the Company 
were GBP82,105, which increase of 18% over the year. The Company has maintained 
its quarterly interest payments to the bond holders up to the reporting date 
and the Board is determined to maintain its protection to bond holders' 
interests through the judicious deployment of the Company's capital. 
 
The principal investment policy of the Company continues to be same as last 
year and is in line with the company's focus and key areas of investment of 
last year: 
 
1. Short term loan notes to Small and Midsized Enterprises (SMEs). 
 
2. Real Estate in the United Kingdom and Europe. 
 
3. Provision of consultancy services to corporate customers. 
 
In the year to 31 December 2018 the Company has continues to invest in 
short-term loans which it is issuing to SME companies which are generating high 
and predictable returns. 
 
The majority of these investments are short-term loans, less than 12 months and 
are exclusively made to UK businesses with the following broad parameters. 
 
Size of investment ranges between GBP15,000 to GBP80,000. 
 
Tenure of investments is for a minimum of six months and a maximum of 12 
months. 
 
All loans are asset backed with personal guarantees. 
 
The interest rate averages 12% per annum. 
 
One investment portfolio is outside this size parameter and represents GBP1.5m of 
the loan portfolio.  This portfolio comprises of several investments and these 
have all been issued on terms similar to those above. 
 
The Company's investments in short term loan notes enabling it to service the 
coupon while subscriptions in the bond rise to a level where investment can be 
made in physical property portfolios. 
 
To date the Company has not made a property investment in line with its initial 
investment strategy of investing in social housing. However, the Company has 
identified a number of investments located in the United Kingdom in the real 
estate sector.  Investment will be made subject to due diligence outcomes and 
when further bond subscriptions are received. 
 
The Company has an unsecured bond listed on the NEX Exchange Growth Market 
(previously called the ISDX Exchange). The bond has an 8% coupon and was listed 
in July 2015. It has a duration of 10 years. At the end of December 2018, bond 
subscriptions had risen to GBP3,900,000. 
 
Loan 
 
In November 2018 the Company entered into a 12 month a loan of GBP1,000,000 from 
a third party.  The proceeds of this transaction are being used to grow the 
Company's short-term Loan portfolio. 
 
The Loan gives a preferential position to the lender on the Company's debts by 
the granting of a floating charge over all of its present and future book and 
other debts and monetary claims due or owing to the Company until the loan is 
repaid. 
 
 
The loan is due to be repaid on 26 November 2019. 
 
The risk relating to the bond issues has been disclosed in the Admission 
Document of the Company and is readily available from the website of the 
company www.queroscapitalpartners.com. 
 
Post Balance Sheet Event 
 
Since the period end, the Company has received further bond subscriptions, 
These are currently GBP5,078,000 in total. 
 
The Board continues to look and explore new investment opportunities to 
maximise stakeholders' interest and developing existing investments. The Board 
forecasts to maximise return on the investments in the near future in lieu of 
financial and political climate around the United Kingdom and Europe. 
 
Our Board places great importance on the risk management in selecting 
investments for the Company. 
 
I wish to take this opportunity to congratulate our team for successfully 
meeting targets and achieving productive results for the company and its 
stakeholders. 
 
ON BEHALF OF THE BOARD 
Marcel Samuel Boom 
Chief Executive Officer 
 
31 May 2019 
 
The directors of Queros Capital Partners Plc accept responsibility for this 
announcement. 
 
COMPANY CONTACT DETAILS: 
 
Marcel Boom, Chief Executive Officer 
Queros Capital Partners Plc 
1 - 3 High Street 
Tettenhall 
Wolverhampton 
West Midlands 
England 
WV6 8QS 
Telephone: +44 1293 401 293 
http://www.queroscapitalpartners.com/ 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394) 
INCOME STATEMENT 
 
FOR THE YEAR ENDED 31 DECEMBER 2018 
 
                                                   31.12.18   31.12.17 
 
                                          Notes       GBP          GBP 
 
TURNOVER                                    3      465,074    367,010 
 
Administrative expenses                            449,646    362,072 
 
OPERATING PROFIT                                    15,428     4,938 
 
Interest receivable and similar income                12         22 
 
PROFIT BEFORE TAXATION                              15,440     4,960 
 
Tax on profit                               6       2,934       972 
 
PROFIT FOR THE FINANCIAL YEAR                       12,506     3,988 
 
PROFIT FOR THE YEAR                                 12,506     3,988 
 
OTHER COMPREHENSIVE INCOME                            -          - 
 
TOTAL COMPREHENSIVE INCOME FOR THE YEAR             12,506     3,988 
 
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394) 
STATEMENT OF FINANCIAL POSITION 
 
31 DECEMBER 2018 
 
                                                  31.12.18            31.12.17 
 
                                            Notes     GBP         GBP         GBP         GBP 
 
FIXED ASSETS 
 
Investments                                   7              50,000             - 
 
CURRENT ASSETS 
 
Debtors                                       8   5,115,475           2,997,220 
 
Cash at bank                                  9    269,896            1,020,351 
 
                                                  5,385,371           4,017,571 
 
CREDITORS 
 
Amounts falling due within one year          10   1,153,266            147,972 
 
NET CURRENT ASSETS                                          4,232,105           3,869,599 
 
TOTAL ASSETS LESS CURRENT LIABILITIES 
 
                                                            4,282,105           3,869,599 
 
CREDITORS 
 
Amounts falling due after more than one      11             4,200,000           3,800,000 
year 
 
NET ASSETS                                                   82,105              69,599 
 
CAPITAL AND RESERVES 
 
Called up share capital                      14              50,100              50,100 
 
Retained earnings                            15              32,005              19,499 
 
SHAREHOLDERS' FUNDS                                          82,105              69,599 
 
 
The financial statements were approved by the Board of Directors on 
............................................. and were signed on its behalf by: 
 
........................................................................ 
 
M S Boom - Director 
 
........................................................................ 
 
Y Singh - Director 
 
QUEROS CAPITAL PARTNERS PLC (REGISTERED NUMBER: 09294394) 
STATEMENT OF CHANGES IN EQUITY 
 
FOR THE YEAR ENDED 31 DECEMBER 2018 
 
                                              Called up share       Retained      Total equity 
                                                  capital           earnings           GBP 
                                                     GBP                  GBP 
 
Balance at 1 January 2017                         50,100             15,511          65,611 
 
Changes in equity 
Total comprehensive income                                            3,988          3,988 
 
Balance at 31 December 2017                       50,100             19,499          69,599 
 
Changes in equity 
Total comprehensive income                                           12,506          12,506 
 
Balance at 31 December 2018                       50,100             32,005          82,105 
 
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED                          31.12.18        31.12.17 
31 DECEMBER 2018                                                        GBP              GBP 
 
Cash flows from operating activities       Note 
 
Cash generated from operations             1                       (1,711,392)      922,217 
 
Tax paid                                                             10,925          16,174 
 
Net cash from operating activities                                 (1,700,467)      938,391 
 
Cash flows from investing activities 
 
Purchase of fixed asset investments                                 (50,000)           - 
 

(MORE TO FOLLOW) Dow Jones Newswires

June 03, 2019 04:08 ET (08:08 GMT)

DJ Queros Capital Partners Plc Audited Annual -2-

Interest received                                                      12              22 
 
Net cash from investing activities                                  (49,988)           22 
 
Cash flows from financing activities 
 
New loans in year                                                   1,000,000          - 
 
Net cash from financing activities                                  1,000,000          - 
 
(Decrease)/increase in cash and cash                                (750,455)       938,413 
equivalents 
 
Cash and cash equivalents at beginning of  2                        1,020,351        81,938 
year 
 
Cash and cash equivalents at end of year   2                         269,896       1,020,351 
 
 
 
 
END 
 

(END) Dow Jones Newswires

June 03, 2019 04:08 ET (08:08 GMT)