NOTICE NO. 1
THE COMPANIES ACT
ESTRELLA INTERNATIONAL 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 13th day of November 2024. MARILYN J. BRATHWAITE
on behalf of Mithril Investment Advisors SRL
Corporate Secretary.
NOTICE NO. 4 (second pulication) BARBADOS
SUPREME COURT OF BARBADOS IN THE HIGH COURT OF JUSTICE
CLAIM NO. CIV1087/2024
IN THE MATTER OF: The Land (Title Proceedings) Act, 2011 (section 3)
AND IN THE MATTER OF ALL THAT land situate at Road View in the parish of Saint Peter in Barbados containing by admeasurement 391.4 square metres or thereabouts as shown on a Plan thereof certified on the 14th day of June, 2023 by Nigel R. Marshall, Land Surveyor ABUTTING AND BOUNDING on lands of Nola Brathwaite, on the Sea, on lands of Sasmar Enterprises Limited and on the Public Road called or known as Highway 1 which leads in one direction to Speightstown and in the other direction to Gibbes or however else the same may abut and bound.
NOTICE OF APPLICATION FOR DECLARATION OF OWNERSHIP AND CERTIFICATE OF TITLE
TAKE NOTICE that DAVID ANTHONY BISHOP of #76 Heywoods Estate in the parish of Saint Peter in Barbados duly qualified acting Administrator of the Estate of Gwenneth Marita Bishop also known as Gwenneth Bishop also known as Gwennith Bishop, deceased has applied to the High Court for a declaration of his ownership as Administrator and Personal Representative and a Certificate of Title in respect of the land described above.
Any person having any adverse claim, lien or charge or right or interest against the said property should submit the claim duly authenticated on oath to the Registrar of the Supreme Court, Bridgetown, on or before the 23rd day of December 2024.
Any other person who has any information relating to the ownership of the said property is invited to give such information in writing to the Registrar of the Supreme Court, Bridgetown, on or before the 23rd day of December 2024.
Dated the 7th day of November 2024.
KEITH A E MAYERS QC
Attorney-at-Law for the Claimant
whose place of business and address for service is: “Emmanuel House”, Pinfold Street, Bridgetown, Barbados BB11127.
Independent Auditor’s Report To the Shareholders of
The Beacon Insurance Company Limited and its Subsidiary
Opinion
The summary consolidated financial statements, which comprise the summary consolidated statement of financial position as of June 30, 2024, and the summary consolidated statement of comprehensive income for the year then ended, are derived from the audited consolidated financial statements of The Beacon Insurance Company Limited and its Subsidiary (the “Group”) for the year ended June 30, 2024.
In our opinion, the accompanying summary consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements in accordance with the Insurance Act.
Summary Consolidated Financial Statements
The summary consolidated financial statements do not contain all the disclosures required by International Financial Reporting Standards. Reading the summary consolidated financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited consolidated financial statements and the auditor’s report thereon.
The Audited Consolidated Financial Statements and Our Report Thereon
We expressed an unmodified audit opinion on the audited consolidated financial statements in our report dated October 29, 2024.
Management’s Responsibility for the Summary Consolidated Financial Statements
Management is responsible for the preparation of the summary consolidated financial statements in accordance with the provisions of the Insurance Act.
Auditors’ Responsibility
Our responsibility is to express an opinion on whether the summary consolidated financial statements are consistent, in all material respects, with the audited consolidated financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), Engagements to Report on Summary Financial Statements.
October 29, 2024 Port of Spain, Trinidad and Tobago
| June 30, 2024 | June 30, 2023 (Restated) | July 1, 2022 (Restated) | |
| Assets | |||
| Property, plant and equipment | 34,386,153 | 35,998,946 | 22,619,651 |
| Right of use asset | 2,887,675 | 3,724,947 | 6,390,212 |
| Retirement benefit asset | 760,003 | 1,118,754 | 1,260,219 |
| Investment securities | 96,958,604 | 143,595,072 | 143,436,196 |
| Other receivables | 11,841,225 | 10,115,790 | 8,458,650 |
| Insurance contract assets | 7,486,234 | 12,986,617 | 6,651,137 |
| Reinsurance contract assets | 72,269,044 | 69,710,653 | 66,577,140 |
| Deferred tax assets | 20,893,494 | 15,331,780 | 2,807,241 |
| Other assets | 4,119,586 | 2,556,356 | 13,614,680 |
| Taxation recoverable | 5,160,176 | 4,236,126 | 4,680,700 |
| Short term deposits | 105,650,592 | 76,645,910 | 65,449,255 |
| Cash and cash equivalents | 164,626,756 | 229,522,871 | 234,774,074 |
| Total assets | $527,039,542 | $605,543,822 | $576,719,155 |
| Liabilities and equity | |||
| Liabilities | |||
| Insurance contract liabilities | 286,163,969 | 278,430,890 | 283,122,859 |
| Reinsurance contract liabilities | 14,771,946 | 87,714,126 | 95,683,918 |
| Trade and other payables | 11,024,131 | 10,238,618 | 21,240,547 |
| Lease liability | 3,057,704 | 3,939,788 | 6,592,592 |
| Loan | – | 18,009,701 | – |
| Deferred tax liabilities | 411,212 | 1,729,473 | 2,171,780 |
| Taxation payable | 3,845,334 | 4,334,372 | 2,338,652 |
| Total liabilities | 319,274,296 | 404,396,968 | 411,150,348 |
| Equity | |||
| Stated capital | 91,144,475 | 91,144,475 | 65,309,193 |
| Catastrophe reserve | 9,780,631 | 9,780,631 | 6,557,604 |
| Fair value reserve | 103,058 | 364,969 | 2,153,805 |
| Foreign currency reserve | 4,968,519 | 4,968,519 | 4,968,519 |
| Retained earnings | 101,768,563 | 94,888,260 | 86,579,686 |
| Total equity | 207,765,246 | 201,146,854 | 165,568,807 |
| Total liabilities and equity | $527,039,542 | $605,543,819 | $576,719,155 |
| 2024 | 2023 (restated) | |
| Insurance revenue | 514,093,581 | 502,869,582 |
| Insurance service expenses | (358,014,504) | (363,557,087) |
| Net expenses from reinsurance contracts held | (97,645,836) | (83,027,393) |
| Insurance service result | 58,433,241 | 56,285,102 |
| Interest revenue from financial assets | 4,862,203 | 10,807,608 |
| Foreign exchange gains | (1,514,714) | 904,695 |
| Net impairment loss on financial assets | (570,261) | – |
| Investment return | 2,777,228 | 11,712,303 |
| Finance expenses from insurance contracts issued | (5,261,985) | (2,422,772) |
| Finance income from reinsurance contracts held | 1,630,016 | 998,851 |
| Net insurance finance expenses | (3,631,969) | (1,423,921) |
| Net insurance and investments result | 57,578,500 | 66,573,484 |
| Other income | 4,421,796 | 2,882,949 |
| Other operating expenses | (51,735,089) | (59,433,370) |
| Profit before taxation | 10,265,207 | 10,023,063 |
| Taxation | (2,709,795) | 1,743,743 |
| Profit after taxation | 7,555,412 | 11,766,806 |
| Other comprehensive loss: | ||
| Items that are or may be reclassified to profit or loss: | ||
| Net change in investments measured at fair value through other comprehensive income | 261,910 | (1,788,837) |
| Remeasurements of defined benefit pension plan | (465,810) | (235,205) |
| Other comprehensive loss for the year, net of tax | (203,900) | (2,024,042) |
| Total comprehensive income for the year | $7,351,512 | $9,742,764 |
NOTICE NO. 2 BARBADOS
IN THE SUPREME COURT OF JUDICATURE
High Court Civil Division
Administration Cum Testamento Annexo De Bonis Non
In the Estate of
THERESA BROME
Deceased
PUBLIC NOTICE is hereby given that an Application is being made for the following Grant of Letters of Administration namely:-
LETTERS OF ADMINISTRATION CUM TESTAMENTO ANNEXO DE BONIS NON to the
Estate of THERESA BROME, late of Checker Hall in the parish of Saint Lucy in this Island who died at Checker Hall in the parish of Saint Lucy in this Island on the 30th day of August, 1940 by JOHN SLOCOMBE and VORA SLOCOMBE who are the great grandchildren of the deceased and two of the beneficiaries under the Will of the said deceased.
An Application shall be submitted to the Supreme Court fourteen (14) days from the date of Notice in the Official Gazette and from the date of the second notice of advertisement.
Dated this 18th day of November, 2024.
CARRINGTON & SEALY
Attorneys-at-Law.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Printed and Published by
the Barbados Government Printing Department
| Contents Appointment of Members to the Minimum Wage Board…… 2 Appointment on Promotion: Mr. DeCarlo Payne, to the post of Superintendent…………………………………. 1 Duty Leave: The Hon. Mr. Justice Leslie Haynes, Chief Justice……………………………………………………… 1 Dr. The Hon. Mr. Justice H. Patrick Wells, Judge of the High Court…………………………………… 1 The Hon. Mr. Justice Bryan Weekes, Judge of the High Court…………………………………………………… 1 The Hon. Madam Justice Barbara Cooke-Alleyne, Judge of the High Court…………………………………… 1 Lost Policy Notices for Stacy-Ann Austin, Damone Deane and Jamar John ……………………………………………………………..1, 2 Vacation Leave: The Hon. Mr. Justice Bryan Weekes, Judge of the High Court……………………………………….. 1 | Duty Leave The Hon. Madam Justice Barbara Cooke-Alleyne, Judge of the High Court, has been granted five (5) days’ duty leave from 12th to 16th November, 2024, to attend the International Society of Family Law Conference, to be held in Trinidad and Tobago. Vacation Leave The Hon. Mr. Justice Bryan Weekes, Judge of the High Court, has been granted eight (8) days’ vacation leave from 10th to 17th January, 2025. Appointment on Promotion Mr. DeCarlo Payne, Assistant Superintendent, has been appointed on promotion to the post of Superintendent, Prison Department, Ministry of Home Affairs and Information, with effect from 2024-10-15. (M.P. 2/26/01T1) | |
| NOTICE NO. 1 Government Notices Duty Leave The Hon. Mr. Justice Leslie Haynes, Chief Justice, has been granted five (5) days’ duty leave from 20th to 24th November, 2024, to attend the Caribbean Association of Judicial Officers Conference, to be held in Bermuda from 21st to 23rd November, 2024. Dr. The Hon. Mr. Justice H. Patrick Wells, Judge of the High Court, has been granted five (5) days’ duty leave from 20th to 24th November, 2024, to attend the Caribbean Association of Judicial Officers Conference, to be held in Bermuda. The Hon. Mr. Justice Bryan Weekes, Judge of the High Court, has been granted five (5) days’ duty leave from 20th to 24th November, 2024, to attend the Caribbean Association of Judicial Officers Conference to be held in Bermuda. | ||
| NOTICE NO. 2 PAN AMERICAN INTERNATIONAL INSURANCE CORPORATION STACY-ANN AUSTIN having made sworn deposition that Policy No. 9733176 has been lost and having made application to us to grant a duplicate of same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy will be issued. Dated the 25th day of November, 2024. By Order, ANDREA LATIMORE (Ms.) Assistant Manager – Client Services. |
GOVERNMENT NOTICE
Appointment of Members to the Minimum Wage Board
Pursuant to the provisions of Paragraph (2) of the Schedule to the Minimum Wage Act, 2017-4, the following persons have been appointed to the Minimum Wage Board for a period of three (3) years effective October 18, 2024:
Dr. Dion Greenidge – Chairman
Mrs. Lynda Goodridge J.P. – Deputy Chairman
Professor Troy Lorde – Member
Mrs. Sheena Mayers-Granville – Member
Ms. Gail-Ann King – Member
Ms. Sanella Sanford – Member
Mrs. Lesley Trotman-Edwards – Member
Mr. Gerard Prescod – Member
Mr. Dwaine Paul – Member
NOTICE NO. 3
PAN AMERICAN INTERNATIONAL INSURANCE CORPORATION
DAMONE DEANE having made sworn deposition that Policy No. 9729048 has been lost and having made application to us to grant a duplicate of same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy will be issued.
Dated the 25th day of November, 2024.
By Order,
ANDREA LATIMORE (Ms.)
Assistant Manager – Client Services.
NOTICE NO. 4
PAN AMERICAN INTERNATIONAL INSURANCE CORPORATION
JAMAR JOHN having made sworn deposition that Policy No. 9722533 has been lost and having made application to us to grant a duplicate of same, notice is hereby given that unless objection is raised within one month of the date hereof, the duplicate policy will be issued.
Dated the 25th day of November, 2024.
By Order,
ANDREA LATIMORE (Ms.)
Assistant Manager – Client Services.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Printed and Published by
the Barbados Government Printing Department
