” va Rule 4 34-CVL The Insolvency Act 1986 Form 4 20 S.95|99 STATEMENT OF COMPANY'S AFFAIRS Pursuant to Section 95/99 of the Insolvency Act 1986 For official use Company Number 01645543 To the Registrar of Companies Phoenix Bearings Limtted K G Murphy and M Maloney the Joint Liquidators of the above named Company, attach a statement of the Company's affairs as at 20 February 2015 Signed kK] Date aff. iC Presentor's name, address and reference (if any) For official use Leonard Curtis Tower 12 18/22 Bridge Street Manchester M3 3BZ < a wn _ : w | | | | | | | \ | | | 2 “A41XWB42* A10 24/02/2015 #363 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of PHOENIX BEARINGS LIMITED on the 20 February 2015 being a date not more than 14 days before the date of the resolution for winding up Statement of truth | believe that the facts stated in this Statement of Affairs are true Fullname S U4 A) GIROUX Signed Kus, G2 Dated Ciebrcaey ae, Aa/e~ CVLMF419 06-04-10 PHOENIX BEARINGS LIMITED APPENDIX | DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 20 FEBRUARY 2015 Book value Estimated to Realise Note £ £ £ £ Assets Specifically Pledged Rent Deposit 1 125,000 uncertain Less Landlord (1 Parker & D Buckley) 1 (Nil) (uncertain) Surplus / (Shortfall) c/fwd - Landlord 125,000 {uncertain} Assets Not Specifically Pledged Cash at Bank 2 57,597 57,597 Rates Refund 2 Nit 3,837 57,597 61,434 182,597 61,434 Preferential Creditors Employee Claims / ERA 2006 Claims (est ) 3 (Nil) (Nil) Net Property available for Prescribed Part 182,597 61,434 Less Prescnbed Part 4 (N/a) (N/a) Available for Floating Charge Creditor 182,597 61,434 None (Nia) (Nia) Surplus / (Shortfall) c/fwd 182,597 61,434 Add Prescnbed Part Nia Nia Available for Ordinary Unsecured Creditors 182,597 61,434 Ordinary Unsecured creditors Shortfall b/fwd - Landlord 1 (Nil) (uncertain) Trade and Expense Creditors (est ) 5 — (4,380,018) (4,380,018) Tota! Ordinary Unsecured Creditors (4,380,018) (4,380,018) Estimated Deficiency as regards Creditors (4,197,421) (4,318,584) Issued share capital (100) (100) Estimated Deficiency as regards Members (4,197,521) (4,318,684) Signed ern Zz 20 February 2015 Mr Sylvain Giroux PHOENIX BEARINGS LIMITED APPENDIX Il NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company's latest financial information provided by the directors, group companies, the Company's advisors or from valuations obtained from independent valuation agents It should be noted that no provision has been made for the costs of preparation of the same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the Liquidation 1. Assets Specifically Pledged Rent Deposit The book vatue of the rent deposit has been provided by the directors The landlord holds a rent deposit deed created on 22 May 2007 and registered at Companies House on 8 June 2007 The estimated to realise value has been shown as uncertain for the purposes of the statement of affairs, as itis estimated that the landlord will submit a claim in the insolvent liquidation for amounts due under leasehold Where applicable, the value of the landlords’ claim should not be regarded as an agreed amount 2. Assets Not Specifically Pledged Cash at Bank The bank account is currently in credit in the sum of £57,597, subject to any accrued interest and charges reaming to be applied to the account Rates Refund The rates have been paid up unti! 31 March 2015 and a refund has been estimated for the penod 20 February 2015 to 31 March 2015 3. Employee Claims / ERA’2006 Claims (est.) Where applicable, employees will be entitled to make claims (subject to certain limits) under the Employment Rights Act 2006 (ERA’2006) from the government department known as the Redundancy Payments Service ("RPS") The Employee claims may include arrears of pay, holiday pay, compensation in lieu of notice and redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will then lodge a claim against the Company in respect of the payments it has made As all employees left the Company on 31 December 2014 with no amounts owing, no claims are expected to be received in this instance 4. Prescribed Part As the Company has no unsatisfied post-Enterpnse Act charges, there will be no requirement to set aside a prescribed part in this case 5. Trade, Expense & Inter-company Creditors Details of the Company's trade, expense and inter-company creditors have been extracted from the Company's books and records as provided by the directors A detailed list of these amounts has been provided at Appendix It’ The amounts shown should not be regarded as agreed amounts Signed Kean )Z== 20 February 2015 Mr Sylvain Giroux PHOENIX BEARINGS LIMITED APPENDIX Ill SCHEDULE OF CREDITORS See attached list 20 February 2015 Mr Sylvain Giroux eee [BIOL pO LTO‘O8e'P N4Z PLOY] aulysyiag AinqmMan UOIIBUUCD BY) |SNOH BUdJaPOA aUuoJepoA 20 SY Asjuaaoy OLES XO” Od Fae Wuad] WaAaS 87 028'T 46 €AD uopud] uopy anuany jepuay asnoH Juaday SPd Juaday Gt ES6'7 XO EM 918 0719 FJHIHSYILSAINOTD AUNESIAMIL JNV1 AVMHLYON G3LINIT 4 N SONIYVId Jay 00 S9S‘0zE'b weyuayay> peol Aingsaymal a@SNOH adaWWO0} Sunsdday aysemjuld 02 TST NV6 TS19 JB}SIVION Aajssauuly NO} Wey 13aM07 uRyAqyulg 08 987 Ul6 BUM Hué 699 SPUEIPI-W ISOM Ainqpio TO@8 xO@ Od YIMOdN 00 002'T weyuayayd (019) asiyssaysaonoj5 ap Wodoley yodary asyssaysaano|9/oH Wodx] Waspood UdS|OYdIN OS @8€ dS9 TS19 DAIYSLIISIIIOM, aIOYssad peoy aaquiy SUONJEDIUNUIWOD SJIYSPIIA! 88 ZE Nz OTUM 3AM UO ssoy peoy Ja}S9INO|O GT Yysingxoy ayx1e|D / Yer 92 SSZ 015 6YH AunqsaymaL uoyurppls 93e]10D aos] Map Aapyong G 9 4a412d | y/u (gaZ 0719 SqWwod|IM Yo ayL SUOS 7g SPUOJING H 00 002‘T 49}s92noe|9 peos yieg STT/ETT SNOH JElIld ssada salaeg 00 008‘ S1Z €S19 weyuaay> Aungsayma peoy yunysysy gT aujua? ssauisng Ainqiaquez ay) SIOMIIN UOWEYD 00 757 198 0719 Jaysaono|5 peoy esa, (190 491S99N0|5) 941H UOpUesg 8 €TZ 0Sz T19 Jaysayouew 339135 Suly SS d1] Ssouqeig 60 009‘S Olp ZN dajsayouew) 69 XO Od Allqnaas pue asl) JOV TT 602 Hav Orin ssasppy awen F SALE Ye JO 43d WUBUIIJEYS Stow Aveniqay Oz 38 Se S1OYpPai> Jo ajnpayrIs payuiry] sduesg x1uaoyd