Rules 4.34-CVL The Insolvency Act 1986 Form 4 20 Statement of Company’s S 9 5/99 Affairs * Pursuant to Section 95/99 of the | Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number | 02051758 ‘| Name of Company (a) Insert fullname of | (a) East Cleveland Motor Company Limited company (b) Insert full name(s) We, (b) Anthony Josephs Linda Farish and address(es) Gosforth Park Avenue Gosforth Park Avenue Newcastle upon Tyne NE12 8EG Newcastle upon Tyne NE12 8EG the Liquidators of the above named company, attach a statement of the company’s affairs (c) Insert date as at (c) 20 February 2015 | Signed nh 9 Oe ere adlali< YE) v4 | Presenter's Anthony Josephs and reference (if © RMT Accountanis & Business Advisors Liquid 8 any) RMT, Gosforth Park Avenue w al ee Newcastle upon Tyne NE12 8EG S | | ll *A420GGLL* | | | | LE4900 3 Br 25/02/2015 #170 COMPANIES HOUSE I i] Rule 4 34-CVL Form 4 19 Statement of Affairs EAST CLEVELAND MOTOR COMPANY LIMITED Statement as to affairs of East Cleveland Motor Company Limited on the 20th day of 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 Full Name Mr John Alderson Signed ee ———SS=— Dated go 2 15 — =—=SS — Date Qe 4 LS A - SUMMARY OF ASSETS Book Value Estimated to Realise £ £ Assets Subject to Specific Charge Assets Subject to Fixed Charge Freehold Land and Property 81,554 60,000 Less Amounts Owing to Natwest Bank Ple (50,458) (50,458) 31,096 9,542 Assets Subject to Floating Charge Cash at Bank 8,688 8,688 Furniture, Fixtures and Fittings 210 50 Goodwill 38,042 0 Plant and Machinery 764 300 Stock/Inventory on Hand 17,190 13,550 64,894 22,588 Assets not Subject to Charge Available to preferential creditors 95,990 32,130 A1 — SUMMARY OF LIABILITIES Estimated to Realise E £ Estimated total assets available for preferential creditors 32,130 \ Liabilities Wages (2,339) Holiday Pay (4,988) (7,327) Estimated Surplus (Deficiency) as regards preferential creditors 24,803 Estimated prescribed part of net property (to c/f) (7,961) Estimated total assets available for floating charge holders 16,843 Floating Charge Claims 0 Estimated Surplus (Deficiency) of assets after floating charges 16,843 Estimated prescribed part of net property (b/d) 7,961 7,961 Total assets available to unsecured creditors 24,803 Unsecured non-preferentia} claims Associated Creditors (90,000) Employees (48,717) HM Revenue and Customs (6,778) Trade and Expense Creditors (14,125) (189,620) Estimated Surplus (Deficiency) Unsecured creditors (134,816) Share Capital Ordinary (400) (100) Estimated Surplus (Deficiency) as regards members (134,916) vate WO- 2-5 B COMPANY CREDITORS - EAST CLEVELAND MOTOR COMPANY LIMITED NOTE You must include all creditors and identify any creditors under hire-purchase, chattel leasing or conditional sale agreements and customers claiming amounts paid in advance of the supply of goods or services and creditors claiming retention of title over property in the company’s possession Name of creditor or Address (with postcode) Amount of | Details of any Date security Value of claimant debt £ | security held given security £ Alderson, John (Mr) c/o Lingdale Service Station Stanghow Road Lingdale Saltburn 21,755 12 000 Cleveland TS$12 3EH | Alderson, Judith c/o Lingdale Service Station Stanghow Road Lingdale Saltburn 21,500 56 000 Elizabeth (Mrs) Cleveland TS12 3EH Andrew Page Limited Apson house, Unit 4 Colton Mill, Bullerthorpe Lane Leeds LS15 9JJ 400 00 000 BCA Vehicle Finance, Headway House, Crosby Way Farnham GU9 7XG 0.00 000 Barry Carter Motor Unit 1, 27 Camwal Road, Starbeck Harrogate HG1 4PT 40 92 000 Products Limited Best Partnership Unit 14, The Courtyard, Grane Road Haslingden BB4 4QN 23 98 0.00 BJ Luke Unit U, Thornley Station Industrial Estate, Shotton Colliery DH6 2QA 255 84 000 BP Fuels Eurosales Centre, Herald Drive Crewe CWW119EG 1,108 17 000 British Telecom Insolvencies, Dept W, Team Valley Trading Est Newcastle upon Tyne 000 000 NE83 7ZF Clark, Brian (Mr) c/o Lingdale Service Station Stanghow Road Lingdaie Saltburn 653 85 000 Cleveland T$12 3EH Cowell, Melvin (Mr) c/o Lingdale Service Station Stanghow Road Lingdale Saltburn 1,332 74 000 - Cleveland TS12 3EH Euro Cat Parts Unit 8 Clayton Court, Bowesfield Crescent Stockton TS18 3QX 1,037 04 000 Evans Hatshaw Cambridge Road, Cargo Fleet Middlesbrough TS3 8AG 4315 000 Greens _ Stanghow Road, Lingdale, Saltburn Cleveland T$12 3EH 357 11 000 HM Revenue & 3rd Floor Euston Tower, 286 Euston Road London NW1 3UH 0 00 000 Customs HM Revenue & National insolvency Unit, 5th Floor Regian House, Chain Street 4,000 00 , 000 Customs Liverpool L74 1AD HM Revenue and Insolvency Claims Handling Unit Room BP3202 Warkworth House 2,778 16 000 Customs Benton Park View _Longbenton Newcastle Upon Tyne NE98 1ZZ John Alderson c/o Lingdale Service Station Stanghow Road Lingdale Saltburn 90,000 00 000 Cleveland T$12 3EH Johnston Publishing PO Box 250, 26 Whitehall Road Leeds L$12 9EF 1,550 00 000 Lewis, lan (Mr) c/o Lingdale Service Station Stanghow Road Lingdale Saltburn 9,935 06 000 Cleveland TS12 3EH Natwesi Bank Plc High Street, Guisborough _TS14 6BW 50,458 00 07/11/2014 50,458 00 North Eastern Etel House, Avenue 1, Letchworth Herts SG6 2HU 1,626 95 000 NPA Black Path, Portrack Lane Stockton TS18 2HE 3,656 67 000 Redundancy Payments | PO Box 16685 Birmingham B2 2LX 000 000 Senices Ta) r= ———e KO-wz- (9 Name of cieditor or Address (with postcode) Amount of | Details of any Date security Value of claimant _ debt € | security held given security £ Rowlands Gladstone House, Gladstone Street, Crook Co Durham DL15 9ED 2,073 72 000 SPC Morgan Slapewath, Guisborough _TS14 6PX 775 00 000 Summers, Susan (Mrs) | c/o Lingdale Service Station Stanghow Road Lingdale Saltburn 866 40 000 _. Cleveland TS12 3EH Ww2000__ The Antler Complex, Bruntcliffe Way Leeds LS27 0JG 1,176 00 000 tee Date HO -2- Ss C SHAREHOLDERS - EAST CLEVELAND MOTOR COMPANY LIMITED No | Name of Address (with postcode) Type of shares Nominal amount of | Number of shares Amount per share Total amount shareholder held share £ held £ called up £ called up £ John Alderson Sycamore House Ordinary 100 67 100 67 00 East Cowton Northallerton North Yorkshire DL7 OBN Peter List 35 Tynedale Close Ordinary 100 33 100 33 00 Skelton Saltburn TS12 2WR Total: 100.00 Date Ae: 2- IS East Cleveland Motor Company Limited NOTES TO THE STATEMENT OF AFFAIRS Secured Creditors National Westminster Bank plc were granted a legal mortgage by the Company on 4 August 1989 (Registered 18 August 1989) and a debenture granted on 7 November 2014 (Registered 11 November 2014) creating a fixed and floating charges over the assets and undertaking of the Company Freehold Property The Company's property is owned partially by the Company and partially by the director's pension fund The value attributed to the Company’s section of the Jand has been provided by the director on the basis of offers received but rejected prior to the liquidation Cash At Bank This relates to the realisations made in relation to the sale of the car stock Furniture, Fixtures and Fittings, Plant and Machinery and Car Stocks These have all been independently valued by professionai valuers, Lithgow Sons & Partners on a forced sale basis Preferential Creditors Wages/Holiday Pay This represents amounts due to employees in respect of wages arrears and accrued holiday pay which will be paid from the Redundancy Fund up to the statutory limits prescribed and also includes employee claims tn excess of statutory limits ‘Prescribed Part’ Under the provisions of the Enterprise Act 2002, introduced on 15 September 2003 the preferential status of the Inland Revenue and Customs & Excise has been abolished As a consequence of this a “prescribed part” of the Company’s assets must be set aside for the benefit of the unsecured creditors in respect of any floating charge security granted after 15 September 2003 The prescribed part is calculated as follows - e 50% of the first £10,000 of the net property of the company if the net assets are in excess of the £10,000 e 20% of the property thereafter, subject to a limit of £600,000 The prescribed part in this matter ts estimated at £7,961 Non Preferential Creditors ~ Employees’ Claims This represents amounts due to employees under the Employment Rights Act 1986 in réspect of redundancy and compensation for failure to receive statutory notice and payable to prescribed limits by Department for Business Innovation & Skills (“BIS”), together with claims for redundancy and payment in fieu of notice in excess of statutory limits prescribed by BIS H M Revenue and Customs Represents PAYE and NIC of £2,778 16 outstanding for the past two months and VAT of approximately £4,000 for the past three months Trade Creditors Trade creditors are based on the books and records of the company at the date of liquidation and are stated inclusive of VAT SS gee Inclusion does not constitute an admission that there is now or has been in the past any legal lability upon the company to make payment of the whole or part of the amount shown 8 The statement of affairs does not reflect the fees and expenses of administering the liquidation a oe 20, 2- iS