NOTICE NO. 1
THE COMPANIES ACT
CAMMERAY HOLDINGS INC
Notice of Intent to Dissolve
In accordance with section 367 (4) (b) of the Companies Act, Chapter 308 of the Laws of Barbados, Notice is hereby given that the above-named Company intends to dissolve.
Dated the 14th day of October, 2024.
GARY MELVIN BEGG
Director.
NOTICE NO. 2 NOTICE NO. 3
PT. 69 of 2021
In the Estate of
In the Estate of
SANDRA PAMELA CUMMINS
SYBIL MARGARET FARLEY
Deceased
NOTICE is hereby given pursuant to Section 31 of the Trustee Act, Cap. 250 to all persons having any debts, claims or demands upon or affecting the Estate of SYBIL MARGARET FARLEY, deceased late of #131 Husbands in the parish of Saint James in this Island, who died in Barbados on the 26th day of July 2021 to send particulars of their claims duly attested to the undersigned in care of the SOLICITOR GENERAL’S CHAMBERS, Spencer
Building, Webster Business Park, Wildey, St. Michael not later than the 13th day of December 2024 after which date the Public Trustee will distribute the assets of the Estate among the persons entitled thereto having regard only to the debts and claims of which the Public Trustee shall then have had notice.
And all persons indebted to the Estate are requested to settle their indebtedness without delay.
Dated this 13th day of October 2024. DONNA K. BRATHWAITE, SC
for Public Trustee.
also known as SANDRA CUMMINS
Deceased
NOTICE IS HEREBY GIVEN pursuant to Section 31 of the Trustee Act, Chapter 250 of the Laws of Barbados that any person having any debt, interest, claim or demand upon or affecting the Estate of SANDRA PAMELA CUMMINS also known as SANDRA CUMMINS deceased, late of 8th Avenue, New Orleans in the parish of Saint Michael in this Island who died in this Island on the 15th day of December 2020 to send written particulars of their duly attested debt, interest, claim, or demand to MARVA
L. CUMMINS the Administratrix of the Estate of the said SANDRA PAMELA CUMMINS also known as SANDRA CUMMINS deceased, in care of David King & Co., Attorneys-at-Law of Suite 101, Lauriston, Lower Collymore Rock in the parish of Saint Michael on or before the 9th day of December 2024 after which time the said Administratrix will convey and distribute the assets of the Estate among persons entitled thereto having regard only to the valid debts, interest, claims or demands of which she shall have notice and will not in respect of the property so distributed be liable to any person whose debt, interest, claim or demand they shall not then have had notice.
AND all persons indebted to the Estate are requested to settle their indebtedness without delay.
Dated this the 4th day of October 2024.
HEATHER TULL
Attorney-at-Law for MARVA L. CUMMINS
the Administratrix of the Estate of SANDRA PAMELA CUMMINS
also known as SANDRA CUMMINS
whose address for service is: DAVID KING & Co., Suite 101, Lauriston
Lower Collymore Rock, St. Michael.
Michael A Edghill, CPA, FCA, MBA
CHARTERED ACCOUNTANT
Independent Auditor’s Report on the Summary Financial Statements for Amphora Life Insurance Company Ltd.
To the Shareholders of Amphora Life Insurance Company Ltd.
My Opinion
In my opinion, the accompanying summary financial statements of Amphora Life Insurance Company Ltd. (the Company) are consistent, in all material respects, with the audited financial statements, on the basis described in note 1.
The summary financial statements
The Company’s summary financial statements derived from the audited financial statements for the year ended April 30, 2023 comprise:
- the summary statement of financial position as at April 30, 2023;
- the summary statement of profit or loss and other comprehensive income for the year then ended;
- the summary statement of changes in equity for the year then ended;
- the summary statement of cash flows for the year then ended; and
- the related notes to the summary financial statements.
The summary financial statements do not contain all the disclosures required by IFRS Accounting Standards. Reading the summary financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor’s report thereon. The audited financial statements, and the summary financial statements, do not reflect the effects of events that occurred subsequent to the date of my report on the audited financial statements.
The audited financial statements and my report thereon
I expressed an unmodified audit opinion on the audited financial statements in my report dated August 28, 2024.
Management’s responsibility for the summary financial statements
Management is responsible for the preparation of the summary financial statements on the basis described in note 1.
Auditor’s responsibility
My responsibility is to express an opinion on whether the summary financial statements are consistent, in all material respects, with the audited financial statements based on my procedures, which were conducted in accordance with International Standard on Auditing 810 (Revised), ‘Engagements to Report on Summary Financial Statements’.
Other matter
My report, dated August 28, 2024 on the financial statements of Amphora Life Insurance Company Ltd. for the year ended April 30, 2023 was made solely to the Company’s shareholders, as a body, in accordance with Section 147 of the Companies Act of Barbados. That report stated that my audit work was undertaken so that I might state to the Company’s shareholders those matters I am required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law and subject to any enactment or rule of law to the contrary, I do not accept or assume responsibility to anyone other than the Company and the Company’s shareholders as a body, for my audit work, for my report dated August 28, 2024, or for the opinion I have formed.
Bridgetown, Barbados August 28, 2024
34 Hillcrest Development, Gibbons Terrace, Gibbons, Christ Church. Tel (246) 418-0273, (246) 231-1111. Email: rosmike@hotmail.com
Amphora Life Insurance Company Ltd.
Summary Statement of Financial Position
As at April 30, 2023
(Expressed in Canadian dollars)
Assets
2023 2022
$ $
Cash and cash equivalents 37,826,164 43,169,377 Financial instruments
| – Available-for-sale investments | 14,113,732 | 10,071,707 |
| – Investments at fair value through profit or loss | 169,561,996 | 169,919,780 |
| – Loans and receivables | 51,450,219 | 44,178,121 |
| Investment property | 29,724,508 | 26,520,492 |
| Property, plant and equipment | 5,932 | 9,839 |
Total Assets 302,682,551 293,869,316
Trade and other payables 4,370,575 4,228,068 Current income tax liabilities 13,408 7,344 Insurance contracts 66,774,338 70,378,490 Investment contracts 192,382,469 184,294,874 Total Liabilities 263,540,790 258,908,776 Equity Share capital 12,379,489 13,279,489 Fair value reserve 3,594,613 3,127,437 Contributed surplus 910,609 775,725 Retained earnings 22,257,050 17,777,889 Total Equity 39,141,761 34,960,540 Liabilities and Equity Liabilities
Total Liabilities and Equity 302,682,551 293,869,316
Approved by the Board of Directors:
Director Director
Amphora Life Insurance Company Ltd.
Summary Statement of Changes in Equity
For the year ended April 30, 2023
| (Expressed in Canadian dollars) | ||||
| Share | Other Fair Value | Contributed | Retained | |
| Capital | Reserve | Surplus | Earnings | Total |
| $ | $ | $ | $ | |
| Balance at May 1, 2021 13,279,489 | 2,006,325 | 647,603 | 16,510,882 | 32,444,299 |
| Contributed surplus – | – | 128,122 | – | 128,122 |
| Profit for the year – | – | – | 1,267,007 | 1,267,007 |
| Increase in unrealised gains | ||||
| on available-for-sale | ||||
| investments – | 1,121,112 | – | – | 1,121,112 |
| Balance at April 30, 2022 13,279,489 | 3,127,437 | 775,725 | 17,777,889 | 34,960,540 |
| Balance at May 1, 2022 13,279,489 | 3,127,437 | 775,725 | 17,777,889 | 34,960,540 |
| Issuance of preferred shares 1,400,000 | – | – | – | 1,400,000 |
| Redemption of preferred shares (2,300,000) | – | – | – | (2,300,000) |
| Contributed surplus – | – | 134,884 | – | 134,884 |
| Dividends paid – | – | – | (137,054) | (137,054) |
| Profit for the year – | – | – | 4,616,215 | 4,616,215 |
| Increase in unrealised gains | ||||
| on available-for-sale | ||||
| investments – | 467,176 | – | – | 467,176 |
| Balance at April 30, 2023 12,379,489 | 3,594,613 | 910,609 | 22,257,050 | 39,141,761 |
Amphora Life Insurance Company Ltd.
Summary Statement of Profit or Loss and Other Comprehensive Income
For the year ended April 30, 2023
(Expressed in Canadian dollars)
2023 2022
$ $
| Premium Revenue Insurance premium revenue | 4,404,250 | 992,746 |
| Insurance premium ceded to reinsurer | (265,697) | (230,392) |
| Net insurance premium revenue | 4,138,553 | 762,354 |
| Fee income | 848,783 | 715,068 |
| Investment income | 2,327,382 | 12,424,349 |
| Other operating income/(expense) | 10,699,705 | (1,251,038) |
| 18,014,423 | 12,650,733 | |
| Partial surrenders | 5,815,552 | 2,673,039 |
| Lapsed policies | – | 3,344,764 |
| Insurance benefits and movement in insurance and investment contract liabilities | 5,331,653 | 3,912,594 |
| Insurance benefits recoverable from reinsurer | (364,653) | (126,027) |
| Net insurance claims and benefits | 10,782,552 | 9,804,370 |
| Operating expenses | 2,456,419 | 1,491,019 |
| Profit before income tax | 4,775,452 | 1,355,344 |
| Income tax | 159,237 | 88,337 |
| Profit for the year | 4,616,215 | 1,267,007 |
| Other comprehensive income: | ||
| Items that are or may be reclassified | ||
| to profit or loss Unrealised fair value gains on available-for-sale investments | 467,176 | 1,121,112 |
| Total comprehensive income for the year | 5,083,391 | 2,388,119 |
Amphora Life Insurance Company Ltd.
Summary Statement of Cash Flows
For the year ended April 30, 2023
(Expressed in Canadian dollars)
Cash flows from operating activities
2023 2022
$ $
Income before taxation 4,775,452 1,355,344 Adjustments for:
Depreciation expense 3,907 2,415
Unrealised losses (gains) on investments 2,288,986 (6,103,539)
Interest income (4,514,741) (3,397,453)
Dividend income (1,684,020) (1,104,908)
Operating income (loss) before changes in
operating assets and liabilities 869,584 (9,248,141)
Change in available-for-sale investments (3,574,850) 1,373,548
Change in financial investments at FVTPL (1,931,202) (24,957,856)
Change in investment property (3,204,016) (11,047,953)
Change in loans and receivables (7,272,098) 277,156 Change in trade and other payables 165,136 (162,723) Change in insurance contract liabilities (3,604,152) (5,987,408)
Change in investment contract liabilities 8,087,595 41,599,234
Cash used in operating activities (10,464,003) (8,154,143)
Interest received 4,514,741 3,397,453
Dividends received 1,524,783 1,016,571
Tax paid (16,564) (6,169)
Net cash used in operating activities (4,441,043) 3,746,288
| Additions to property, plant and equipment – (9,912) Net cash used in investing activities – (9,912) |
Cash flows used in investing activities
Cash flows from financing activities
Dividend paid (137,054) –
Redemption of preferred shares (2,300,000) –
Issuance of preferred shares 1,400,000 –
Contributed surplus 134,884 128,122
Net cash (used in) from financing activities (902,170) 128,122
Net decrease in cash and cash equivalents (5,343,213) (3,628,078)
Cash and cash equivalents – beginning of year 43,169,377 46,797,455
Cash and cash equivalents – end of year 37,826,164 43,169,377
Represented by:
Cash balances 31,036,395 42,247,340
Short-term instruments 6,789,769 922,037
37,826,164 43,169,377
| Probate Advertisements | |
| NOTICE NO. 4 | NOTICE NO. 5 |
| BARBADOS | BARBADOS |
| IN THE SUPRME COURT OF JUDICATURE High Court Civil Jurisdiction | IN THE SUPRME COURT OF JUDICATURE High Court – Civil Jurisdiction |
| In the Estate of | |
| In the Estate of | |
| MURIEL BECKLES | KEITH CLEMENT RAYSIDE Snr. also known as KEITH RAYSIDE Snr. |
| Deceased | |
| Deceased | |
| PUBLIC NOTICE is hereby given that an Application is being made for the following Grant of Probate namely:- | PUBLIC NOTICE is hereby given that application is being made for the following Grant of Probate namely:- |
| PROBATE of the Will dated the 30th day of October, 2014 of the Estate of MURIEL BECKLES, deceased late of 1865 Baseline Road, Ottawa, Ontario Canada K2C 3K6 Canada, who died at Medex, 1865 Baseline Road, Ottawa, Ontario Canada K2C 3K6 Canada on the 13th day of June, 2023 by GARY BECKLES of 80 London Road, Daventry NN11 4EA United Kingdom, the Executor named in the Will of the deceased. | PROBATE of the Will dated the 7th day of April 2009 of KEITH CLEMENT RAYSIDE Snr. also known as KEITH RAYSIDE Snr. deceased late of No. 37 Clermont Terrace in the parish of Saint Michael in this Island who died at Rutland, Clermont Terrace in the parish of Saint Michael in this Island on the 6th day of March 2012 by HERMESE MARQUETTA RAYSIDE who is the sole Executrix named in the Will of the deceased. |
| An Application shall be submitted to the Supreme Court fourteen (14) days from the date of the Notice in the Official Gazette and from the date of the second notice of this advertisement. | An application shall be submitted to the Registrar of the Supreme Court fourteen (14) days from the date of Notice in the Official Gazette and from the date of the second notice of this advertisement. |
| Dated this 10th day of October, 2024. | |
| Dated this 10th day of October, 2024. | |
| NATALIE M. BRACE Stephen Walcott & Co. Attorneys-at-Law. | GEORGE WALTON PAYNE & CO. Attorneys-at-Law for the Applicant. |
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Printed and Published by
the Barbados Government Printing Department
VOL. CLIX No. 109
Part C
BRIDGETOWN, BARBADOS, 14TH OCTOBER, 2024
Content
Lost Policy Notices for Cora Waldron, Cecil Leroy Worrell, Marc Holford, Roderick Piggott, Caroline Hughes,
Vicki Lowe, Sylvester Boyce and George Jackman……. 1-3
NOTICE NO. 1
SAGICOR LIFE INC.
CORA WALDRON of 180 Plantain Close, Union Development, St. Philip having made sworn deposition that Policy No. M1919688 issued by Manufacturer’s Life Insurance Company and assumed by Sagicor Life Inc., on her life been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 17th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 2
SAGICOR LIFE INC.
CORA WALDRON of 180 Plantain Close, Union Development, St. Philip having made sworn deposition that Policy No. M2992119 issued by Manufacturer’s Life Insurance Company and assumed by Sagicor Life Inc., on her life been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 17th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 3
SAGICOR LIFE INC.
CORA WALDRON of 180 Plantain Close, Union Development, St. Philip having made sworn deposition that Policy No. M2926489 issued by Manufacturer’s Life Insurance Company and assumed by Sagicor Life Inc., on her life been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 17th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 4
SAGICOR LIFE INC.
CECIL LEROY WORRELL of 434 14th Avenue
West Terrace Gardens, St. James having made sworn deposition that Policy No. 0157936 issued by Life of Barbados Insurance Company and assumed by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 20th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 6
SAGICOR LIFE INC.
RODERICK PIGGOTT of 4th Avenue Park Road, Bush Hall, St. Michael having made sworn deposition that Policy No. 0068728 issued by Life of Barbados Insurance Company and assumed by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 19th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 5
SAGICOR LIFE INC.
MARC HOLFORD of #6 Lodge Hill Wood, Lodge Hill, St. Michael having made sworn deposition that Policy No. 077434694 issued by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 20th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
NOTICE NO. 7
SAGICOR LIFE INC.
CAROLINE HUGHES of #85 Mount Standfast Gardens, St. James having made sworn deposition that Policy No. 0166545 issued by Life of Barbados Insurance Company and assumed by Sagicor Life Inc., on her life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 19th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
October 14, 2024
OFFICIAL GAZETTE 3
| NOTICE NO. 8 | NOTICE NO. 9 |
| SAGICOR LIFE INC. | SAGICOR LIFE INC. |
| VICKI LOWE of Fairy Valley, Christ Church having made sworn deposition that Policy No. 077423082 issued by Sagicor Life Inc., on her life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. | SYLVESTER BOYCE of Bubali 17L, Aruba having made sworn deposition that Policy No. 0057277 issued by Life of Barbados Insurance Company and assumed by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued. |
| Dated the 20th day of September, 2024. | |
| Dated the 19th day of September, 2024. | |
| By Order, | |
| By Order, | |
| ANDREW C. GREAVES Corporate Secretary. | ANDREW C. GREAVES Corporate Secretary. |
NOTICE NO. 10
SAGICOR LIFE INC.
GEORGE JACKMAN of St. Catherine Farms Ltd, Wiltshire Plantation, St. Philip having made sworn deposition that Policy No. C5000933 issued by Confederation Life Insurance Company and assumed by Sagicor Life Inc., on his life has been lost and having made application to the Directors to grant a duplicate of the same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy asked for will be issued.
Dated the 20th day of September, 2024.
By Order, ANDREW C. GREAVES
Corporate Secretary.
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Printed and Published by
the Barbados Government Printing Department
