Form 4 20 Rule 4 34 - CVL The Insolvency Act 1986 Statement of Company's Affairs Pursuant to section 95/99 of the Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number 01755763 Name of Company KITTS TRAVEL LIMITED (/ fe Mehmet Arkin, Maple House, High Street, Potters Bar, Hertfordshire, EN6 5BS the liquidators} of the above named company attach a statement of the company affairs as at 07 May 2015 Signed Oo : Date 13 May 2015 Arkin & Co X For Official Use Maple House High Street Insolven, ICM Potters Bar Hertfordshire SATURDAY EN6 5BS Ref A313KI/MA/RS/SU ‘AAT JIGF5* 16/05/2015 #345 Software Supplied by Turnkey Computer Technology Limited Glasgow COMPANIES HOUSE * Rule 4 34-CVL Form 419 Statement of Affairs Statement as to affairs of KITTS TRAVEL LIMITED on the 7 May 2015 the date of the resolution for winding up Statement of truth | believe that the facts stated in this Statement of Affairs are true Full Name CHRMOHER GIN “TURNER Signed Qo =< Dated AE. Insolvency Act 1986 Kitts Travel Limited Estimated Statement Of Affairs as at 7 May 2015 Book Value Notes Estimated to Realise £ £ £ ASSETS Cash in Hand 20,900 Pwh = Cash at Bank 1,736 Ofice Equipment, Fixtures & Fittings 3,395 1,000 Shares 152 170 23,806 LIABILITIES PREFERENTIAL CREDITORS - Employee Arrears/Holiday Pay Uncertain 23,806 DEBTS SECURED BY FLOATING CHARGE PRE 15 SEPTEMBER 2003 OTHER PRE 15 SEPTEMBER 2003 FLOATING CHARGE CREDITORS NIL 23,806 Estimated prescribed part of net property where applicable (to carry forward) NIL 23,806 DEBTS SECURED BY FLOATING CHARGE POST 15 SEPTEMBER 2003 NIL 23,806 Estimated prescribed part of net property where applicable (brought down) NIL 23,806 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade & Expense Creditors 50,017 HM Revenue & Customs - PAYE/NI 745 HM Revenue & Customs - VAT 2,090 Director's Loan Account 10 35,000 87,852 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F C's post 14 September 2003) 64,046 Issued and called up capital Ordinary Shareholders 120,000 TOTAL SHORTFA 184,046 Signed ae Mr Christopher John Turner Director KITTS TRAVEL LIMITED Notes to Directors’ Estimated Statement of Affairs 1 Cash in hand represents funds held by the liquidator on behalf of the Company 2 This represents the total of the balances held in the Company's bank accounts as at 8 April 2015 It 1s possible that there has been movement on the accounts since that date but this is the most recent information available to the Orrectors 3 The book value of the tangible assets 1s the value shown in the accounts as at 30 September 2013 less a provision for depreciation The estimated to realise sum Is in accordance with the professional valuation provided by Centaur Chartered Surveyors Valuers & Auctioneers, Centaur House, 51 Uckfield Road, Enfield, Middlesex EN3 6AS The estimated to realise figure represents the “ex situ” valuation 4 This ts the value of the shares held by the Company 5 Employee claims are anticipated but the quantum 1s not known at this time 6 Section 176A (1)(a) requires liquidators to set aside the prescnbed part of the Company's net property for the satisfaction of unsecured debts "Net property" means the amount whih would, if it were not for this amount which would, if it were not for this provision, be available to floating charge holders (1 e after accounting for preferential debts and the costs of realisation) and if the floating charge was created on or after created on or after 15 September 2003 The "prescribed part" 1s 50% of the first £10,000 and 20% of the remaining net property (up to a maximum of £600,000) The liquidator will not be required to set aside the prescribed part if a The net property 1s less than £10,000 and he thinks that the cost of distributing the prescnbed part would be disproportionate to the benefit, or b If the net property is more than £10,000, if the provision Is disapplied by the Court on the application of the liquidator on cost-benefits grounds {f the floating charge was created before 15 September 2003 there 1s no net property and, consequently, no prescribed part of net property There are no charges registered against the Company so S176A(1)(a) does not apply in this instance 7 See attached schedule This includes tour operators who will receive payment under the ABTA bond held by the Company The bond provider will then have a subrogated claim in the liquidation 8 This is the amount due to HM Revenue & Customs in respect of PAYE/NIC for March 2015 9 This is the amount due to HM Revenue & Customs in respect of VAT for the final 3 months of trading 140 This the balance of funds loaned to the Company by the director, Mr C Turner, in the final years of trading L4jo 4 aBeg aunjeubisg LV2S8'L8 SuljjeyoL Salszug ¢Zz 00 LZS'€ CSE OLDI ‘Xxassy ‘Uo}YyGno7 ‘peoy uosbue7 ‘anuag ssauisng peoy uojUuGno7 Z sunouly SN 00nd 00 o00‘se dNS LLOS aulyspsospag ‘psoyous ‘peoy Jemoyuasiy GZ J9UINL > JW 0019 €l €S9 Se €4d ‘YyBnosogiajay ‘peoy Aqsbuiuog yooD sewoy, zOSO 00 66 FHL LEOA HOA ‘Aeaq wndes0gy ‘ asnoy siweyy yeaiqusdns €0SO 00 298 OVP ENM ‘UeBbIAA ‘ouel AW sBuyesys Loso 96 1SS'9 LHZ NEO ‘uopuo7 ‘woqjoH ¢¢ Pr] s}eysewedns sAunqsules 00d3 00 ZLY‘L OAL 7@o ‘ebpuques ‘peoy voy yoogseaAA, SABPIJOH JO 00ND 00 8Sz'e VP 9M ‘UOPUOF ‘peoy aoRjeq WeYINy Gg-2/ ‘9SNO}H Oso TON 0099 26 POE GLE SVH ‘J@UUIE ‘asojg psojpag Sawer 7 UJOUXING W SW LOLS 00 08 HHE SVH ‘Jeu ‘eAlig euaplszeH gs MeUS g SSI 00so 00 921'€ ZWb SHY ‘Aang ‘Bulyog ‘asnoy iuony luony 00ND 00 OZP'L Ns Sza ‘eyBuiwsig ‘Aejpsed ‘peoy YOINYD £77 Vit ooro G6 900'2 XFL LAD ‘Aang ‘Quiwjepjos ‘peoy uoyeys ‘asnoy uleyunoyy sweybul oolo 79 GEB'E ISL SLOS ‘quiysdwey ‘uojdweyjnos ‘apeleg snoqueH OO! 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IN/BAWd - SWO}SND *Y BNUBASY WH €0HD v2 8el Ad6 ZEDS ‘SHAH ‘ae ‘pea|\| BUe!D ‘a.JUBD Ssaulsng OIpNis III SIH JED 9IqIxa}4 0049 00 SOS QOUueI{ ‘BAIjeA -e7- BURY) 2/222 Sue YOseY Aousiq ooqd 00 06 INZ !SND ‘ouysdwey a4 ‘Weg ssoulsng sjaouly ‘Aeaa Aqveg ‘esnoy uedsy paw yn oD Jaueleg OOHD Lv tS% NG6 610d ‘Puojpesg ‘912 xOg Od sainyoog {2 SAeptloH B1SalD £099 00 978'6 HL LENG ‘xassns jsajq ‘BulyLoAA ‘399.35 YBIH aI] ‘asnoH Uoxes SAPIIOH UORDSA]IOD IISSe|D 0000 00 g0'z YS6 OLHY ‘Aeuing sa, ‘Aaimes ‘peoy UOPUOT ‘WNuyy Su. elev 2000 Ov LIS HAE SLND ‘Aung ‘Aepaqwey ‘pz xog Od ssauisng seg Yysnug 0089 00 OSL V¥O SMS ‘UOpUC) ‘QsnoH Aemuay Z¢ - OF weyeq Logo 3 ssouppy owen hay sioyipaig Aueduios - g GALINIT TSAVEL SLLIX Arkin & Co KITTS TRAVEL LIMITED Register of Shareholders No of Shares Key Name Pref Ordinary Other Total HCO00 Mr Calverley Clement Cort 0 26,666 0 26,666 HCo1 Ms Frances Cort 0 23,403 0 23,403 HDOO Mr Stephen Russell Dunkley 0 14,530 0 14,530 HDO1 Ms Nancy Elisa Dunkley 0 2,067 0 2,067 HTOO Mr Christopher John Turner 0 53,334 0 53,334 5 Entries Totalling 0 120,000 0 120,000 Signature Page 1 of 1