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 02220494 Name of Company Ghaba Developments Limited |/We Ninos Koumettou, 1 Kings Avenue, Winchmore Hill, London N21 3NA the liquidator(s) of the above named company attach a statement of the company affairs as at 21 April 2015 Signed A Date 21 April 2015 mA ae LL AlexanderLawsonJacobs Ene mee--> > 1 Kings Avenue Winchmore Hill Ref GH31504/NK/AG/SKILI ates Software Supplied by Turnkey Computer Technology Limited Glasgow COMPANIES HOU SF Rule 4 34-CVL Form 419 Statement of Affairs Statement as to affairs of Ghaba Developments Limited on the 21 April 2015 the date of the resolution for winding up Statement of truth | belteve that the facts stated in this Statement of Affairs are true Full Name SIA 2HAB Hussard - Signed We Dated fi fy [is Ghaba Developments Limited Statement Of Affairs as at 21 April 2015 A - Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge: Properties NIL National Westminster Bank Plc Uncertain NIL Nil Assets subject to floating charge: Uncharged assets: Sayyid Amin - Loan 173,616 45 Uncertain Mr Choudhury Amin (Deceased) - Loan 113,311 00 Uncertain Ambhurst Properties Ltd - In Liquidation 817,590 00 Uncertain RNSA UK Ltd 177,474 75 177,474 75 Estimated total assets available for preferential creditors 177,474 75 Signature VIZ Date_2A/ Jalism Ghaba Developments Limited Statement Of Affairs as at 21 April 2015 Ai - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 177,474 75 Liabilities Preferential Creditors - NIL Estimated deficiency/surplus as regards preferential creditors 177,474 75 Debts secured by floating charge pre 15 September 2003 Other Pre 15 September 2003 Floating Charge Creditors NIL 177,474 75 Estimated prescribed part of net property where applicable (to carry forward) NIL Based on floating charge assets of Nil Estimated total assets available for floating charge holders 177,474 75 Debts secured by floating charges post 15 September 2003 NiL Estimated deficiency/surplus of assets after floating charges 177,474 75 Estimated prescnbed part of net property where applicable (brought down) NIL Total assets available to unsecured creditors 177,474 75 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade & Expense Creditors 1,800 00 Business Rates 3,178 47 HMRC - CT 222,241 72 227,220 19 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F.C’s post 14 September 2003) (49,745 44) Estimated deficiency/surplus as regards creditors (49,745 44) Issued and called up capital Ordinary Shareholders 100 00 100 00 Estimated total deficiency/surplus as regards members (49,845 44) Signature JG Date Baily fis GH31504 - Ghaba Developments Limited Statement Of Affairs Notes Note 14 Natwest Bank Plc have a debenture incorporating a fixed and floating charge created on 01/03/2007 In addition to the debenture the bank also have 13 outstanding legal charges registered against properties for which LPA Recewvers were appointed One of the appointments was on 09/02/2012 and all the rest were on 15/02/2012 It is belteved that all properties relating to those Receiverships have been sold, apart from 1 which ts set to complete by the end of the month All liabilities, including the Receivers’ expenses will then be cleared The director believes that there should be a surplus payable to the company after clearing ail liabilities to the bank The appointed Liquidator will need to liaise with the bank to ensure this is accounted for in due course Note 2 The director believes that this loan was repaid to the company, however the appointed Liquidator will need to verify this in due course Note 3 Mr Choudhury Amin died many years ago and his estate 1s believed to have been finalised The appointed Liquidator will need to satisfy himself to whether this debt 1s recoverable in due course Note 4 Amburst Properties Ltd, a company with a common director was placed into Liquidation on 26 January 2015 A copy of the report received from the Official Receiver indicates that there may be a prospect of dividend to creditors in due course Note 5 RNSA UK Ltd purchased 29 Edward Avenue from the company in 2011 Payment was agreed by way of deferred consideration over 98 years, however a {ump sum payment of £60,000 was made recently by RNSA UK Ltd on behalf of the company and the balance outstanding was thus reduced accordingly The appointed Liquidator will need to review this transaction to ensure it was at proper value and seek earlier settlement of the remaining balance OF 21 fais Page 1 of 1 OS Lb SLOZ dy 12 40 €402 J8A TOS Sdi 140 | a6eq SI] b/i¢ aunjeubis 6b O2Z'22z Gurjpeyo] soujuy z 000 NQ6 73 ‘YOpUOT ‘enuany plemp3 ZS ulessny Jeyzel JW OOHY 00 008" Oat LSS ‘xessy ‘eag-uo-puaynos ‘yeajs UOSs|EN 1 Apauuay su = OOM 000 X12 79 ‘WWHONIWuld S899} xog Od puny soueINsy] |2uOneN Sy L (elapse) LOOZ/EO/L0 USAID aJeq SJassy |e JaA0 aHseYyD Buyneojy ge paxig uaaig AuNDaS 000 SV9 LNG ‘UoyYybug ‘peoy Uo}sald 6rL ‘14D UOJYBug ‘Wee, se6e7 poddns ssauisng uoiBay Jseg UNOS F UOPUOT - 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