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 02001311 Name of Company Jackson Hammond Design Limited |/ We Daniel Mark Richardson, St James Building, 79 Oxford Street, Manchester, M1 6HT the liquidator(s) of the above named company attach a statement of the company affairs as at 22 April 2014 Signed wile oA — Date 22 April 2014 UHY Hacker Young turnaround and recovery For Official Use St James Buitding 79 Oxford Street Insolvency Section Post Room Manchester M1 6HT Software Supplied by Turnkey Computer Technology Limited i Glasgow z : | | | Hl | cory z *A36IOONK" 837 24/04/2014 #159 COMPANIES HOUSE ‘ Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Jackson Hammond Design Limited on the 22 April 2014 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 SHEA MAZOARET tAAMonlD Signed S-Hammonrd Dated Z2ud APe(L Zoly JACKSON HAMMOND DESIGN LIMITED ESTIMATED STATEMENT OF AFFAIRS AS AT 22 APRIL 2014 Notes Bock Value Estimated to Realise £ E ASSETS NOT SPECIFICALLY PLEDGED Business Equipment & Office Furniture 33,497 1,875 WN Goodwill, IPR & Trading Name - 625 Motor Vehicle 7,115 6,000 of Stock & WIP 5,505 - Trade Debtors 28,861 27,358 NGO Cash at Bank 24,810 24,810 Estimated Assets Available for Preferential Creditors 99,788 60,668 Preferential Creditors Employee Holiday Pay (5,266) Estimated Surplus After Preferential Creditors 55,402 Estimated Prescribed Part of Net Property (where applicable) c/d Estimated Total Assets Available for Floating Charge Holders 55,402 Estimated Deficiency as Regards Floating Charge Creditors 55,402 Estimated Prescribed Part of Net Property (where applicable) b/d Total Assets Available to Unsecured Creditors 55,402 Trade & Expense Creditors (25,107) Redundancy & Pay in Lieu of Notice (46,734) H MRevenue & Customs - PAYE (673) H MRevenue & Customs - VAT (12,559) Director's Loan Account (292) (85,365) Estimated Deficiency as Regards Creditors (29,963) Shareholders (100) Estimated Deficiency as Regards Members (30,063) Signatures Stamm Date 22| 4 \ ty JACKSON HAMMOND DESIGN LIMITED NOTES TO THE DIRECTOR'S STATEMENT OF AFFAIRS COSTS The directors Statement of Affairs does not include a provision for the costs associated with its preparation convening of the meeting of creditors and agreeing the creditors claims or for agents fees and professtonal costs associated with realising the company's assets BUSINESS EQUIPMENT AND OFFICE FURNITURE The figure for business equipment and office furniture has been uplifted from the latest set of accounts and has been inspected and professionally valued by Eddisons Commercial Limited Sheila Hammond has submitted an offer of £9,000 (inclusive of VAT) to acquire the assets of the company, which will be considered further at the creditors meeting The offer has been recommended for acceptance by Eddisons GOODWILL, IPR & TRADING NAME This figure represents the knowledge and expertise brought to the company on incorporation by the company director and shareholders and was not previously included in the company’s latest accounts The purchase of the goodwill, IPR and trading name ts included tn the offer from Sheila Hammond MOTOR VEHICLE The figure for the motor vehicle, a Volkswagen Golf Hatchback, has been uplifted from the latest set of accounts and has been inspected and professionally valued by Eddisons Commercial Limited The purchase of the motor vehicle 1s included in the offer from Sheila Hammond STOCK AND WIP The book value has been uplifted from the latest set of accounts, although this would have changed significantly whilst trading continued, and no stock remains TRADE DEBTORS The director has advised that the majority of the outstanding book debts should be collectable CASH AT BANK The company holds two bank accounts with Royal Bank of Scotland Plc, and this figure represents the total credit balance, which includes debtor receipts since the company ceased to trade, and the funds correctly held tn the client account of UHY Hacker Young turnaround and recovery Stlawmmand EMPLOYEES There are outstanding monies due tn respect of holiday pay, which constitutes the preferential element of their clam As the majority of the employees have worked for the Company over two years, they are also entitled to monies in respect of Redundancy Pay and Payment In Lieu of Notice, This forms the unsecured element of their claim PRESCRIBED PART OF NET PROPERTY The floating charges registered against the Company were created prior to 15 September 2003 Therefore, the Provisions of Section 176A of the Insolvency Act 1986, where a proportion of realisations can be set aside for the benefit of the unsecured creditors, from funds that would normally be paid to the floating charge holders, would not apply 10. TRADE & EXPENSE CREDITORS These amounts which include V A T where appropriate, have been extracted from the company’s records and therefore must not be regarded as agreed amounts 11 H M REVENUE & CUSTOMS - PAYE This represents the amount due to H M Revenue & Customs tn respect of PAYE 12 H M REVENUE & CUSTOMS - VAT This represents the amount due to H M Revenue & Customs in respect of VAT 13. 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