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 To the Registrar of Companies Company Number | 2223454 (a) Insert full Name of Company name of company (a) SF HODGKINSON & SON LIMITED (b) Insert full name(s) 1(b) Mark Beesley and address(es) Beesley & Company Astute House Wilmslow Road Handforth SK9 3HP (c) Insert date the liquidator of the above named company attach a statement of the company’s affairs as at (c) 22 October 2008 Signed Date 22 October 2008 Presenter’s name, address and reference (if any) aren al tion a Liquide} || | A22 ‘AW0C8474* 23/10/2008 COMPANIES HOUSE 358 Rule 4.34-CVL Form 4.19 STATEMENT OF AFFAIRS Statement as to affairs of S F HODGKINSON & SON LIMITED On the 22 October 2008 The date of the resolution for winding up pL AFFIDAVITIAFRHRMAHON FZ This Affidavit/Affirrratien must be sworn or affirmed before a Solicitor or Commissioner of Oaths or an officer of the court duly authorised to administer oaths when you have completed the rest of thts form |, lan A Hodgkinson, Director of Acres Croft Forty Acre Lane Holmes Chapel CW4 8DU Swear/affirm that the several pages marked A, B, C are to the best of our knowledge and belief, a full, true and complete statement as to the affairs of the above company as at 22 October 2008 the date of the resolution for winding up and that the said company carried on electrical contractors YW Sworn/affimed at Chafes, Solicitors, 19 Alderley Road, Wilmslow, SK9 1JX Date 22 October 2008 Signatures Lt Kee bar ———— - CHAFES SOLICITOR Before Me —_—oooooowy <— Zo HESKETH HOUSE SO SAIN, ke 16 ALDERLEY ROAD WILMSLOW, CHESHIRE SK9 1Jx A Solicitor or Commissioner of Oaths Tel: 01625 531674 The Solicitor or Commissioner ts particularly requested, before swearing/affirming the affidavit, to make sure that the full name, address and description of the Deponent are stated, and to initial any crossings-out or other alternations in the printed form A deficiency in the S F HODGKINSON & SON LIMITED EXHIBIT This is the exhibit marked “A’ referred to in the Affidavit of IAN ARTHUR HODGKINSON Sworn this day 22" day of October 2008 Before me es La Sa Sar £. LEE Setbrerzer, A Solicitor/Commissioner for Oaths CHAFES SOLICITORS HESKETH HOUSE 16 ALDERLEY ROAD 1JX WILMSLOW, CHESHIRE SKS Tel 01625 531 676 EXHIBIT A S F HODGKINSON & SON LIMITED 3 ESTIMATED STATEMENT OF AFFAIRS AS AT 22 OCTOBER 2008 Book Estimated to Notes Value Realise £ £ Assets Subject to floating charge intangible Assets 1 2,832 NIL Book Debts 2 218,009 122,400 Other Debtors 3 100,000 30,000 Cash at Bank 4 6,000 4,000 Stock 5 5,000 1,000 Plant and Machinery 6 234,200 97,500 Freehold Land and Buildings 7 11,063 NIL Furniture and Equipment 8 4,750 500 Motor Vehicles 9 5,000 1,500 586,854 256,900 Estimated prescribed part of net property 9 (54,780) 202,120 Floating charge holder 11 (306,000) Deficiency as regards Floating charge holder (103,880) Assets available for unsecured creditors (the Prescribed Part) $4,780 Unsecured creditors Trade creditors 12 71,812 HM Revenue & Customs 13 45,258 Directors’ loan accounts 14 290,771 Unsecured element of the floating charge 103,880 Estimated deficiency as regards creditors (456,941) Share capital (100) Estimated total deficiency as regards members (457,041) S F HODGKINSON & SON LIMITED NOTES TO ESTIMATED STATEMENT OF AFFAIRS AS AT 22 OCTOBER 2008 41 INTANGIBLE FIXED ASSETS These comprise two trade names used and trademarked by the company, being ‘Alternaturfly better’ and ‘Jagger sports turf It is not considered that they have any value 4.2 BOOK DEBTS The figure shown for book debts ts that extracted from the company’s books In arriving at the realisable amount, specific bad debt reductions of £65,009 have been made and a general provision of 20 per cent applied against the remainder for the sake of prudence 4.3 OTHER DEBTORS The company has a number of claims against former agents for breach of agency agreements Any recoveries under this head will only be likely after legal proceedings and a substantial discount has been applied of 70 per cent for the sake of prudence 4.4 CASH AT BANK The company has approximately £1,000 in a bank account with National Westminster plc which will be realised in full Additionally, the company paid £5,000 to its instructed solicitors, The Betesh Partnership, Manchester, in relation to certain legal proceedings It is estimated that approximately £3,000 will be due to the company from this source from which it is understood that certain solicitors’ fees and disbursements have already been deducted 4.5 STOCK This represents various items held by the company, such as spare part stocks for equipment and other items of stock Because much of this stock has been held for many years, tt has not been possible to extract from the company’s accounts a realistic book value figure and so the book value is shown at the replacement cost value 4.6 PLANT AND MACHINERY This represents equipment used by the company in the supply and laying of turf The book value figures have been extracted from the company’s financial accounts 47 FREEHOLD LAND AND BUILDING This represents items of equipment purchased by the company and which were installed into the freehold premises not owned by the company. These items comprised roller shutter doors and oil/refuse tanks The director believes that it would not be economical to remove for sale the roller shutters which were manufactured to fit the properties in question nor would the oil/refuse tanks have any value, once the costs of draining and cleaning them have been taken into account 4.8 FURNITURE AND EQUIPMENT This represents desks, chairs, computers It is estimated that they will realise £500 4.9 MOTOR VEHICLE The company owns a ‘Y’-registered Isuzu Trooper motor vehicle which it is estimated will realise £1,500 4.10 THE PRESCRIBED PART This ts the amount available and to be set aside for the unsecured creditors from the assets covered by the floating charge, calculated in accordance with statute PREFERENTIAL CREDITORS The director advises that there are no outstanding claims for wages or holiday pay Similarly, he is unaware of any other potential preferential claims because the employees of the company have transferred to his new trading entity 4.11 FLOATING CHARGE This represents funds injected into the business, as set out in the History of the Business by Mr and Mrs Hodgkinson, to clear the Yorkshire Bank overdraft The debenture was created on 9 September 2008, when the funds were injected to clear the bank borrowings which, in themselves, were subject to a fixed and floating charge debenture over the assets of the company 4.12 TRADE AND EXPENSE CREDITORS Trade and expense creditors are shown in the amounts advised by the director to be outstanding tn the books and records in the company The figure detailed in the estimated Statement of Affairs is subject to the agreement of creditors’ claims Creditors’ amounts include VAT where applicable 4.13 HM REVENUE & CUSTOMS An amount of £2,258 Is outstanding for VAT up to the date of liquidation Additionally, the company owes approximately £43,000 in respect of PAYE and national insurance contributions 4.14 DIRECTORS’ LOAN ACCOUNTS These are the amounts outstanding to the director/former director, as broken down below - £ | A Hodgkinson 148,197 S F Hodgkinson 142,574 4.15 VALUATIONS The assets referred to in paragraph 5,6 and 9 have all been valued by Mr Harper (Qualifications Higher Diploma tn Land Use studies including the course in Estate Management and Valuation) of Messrs King Sturge The remaining assets have been valued by the director S$ F HODGKINSON & SON LIMITED EXHIBIT This ts the exhibit marked “B” referred to in the Affidavit of IAN ARTHUR HODGKINSON Sworn thts day 22™ day of October 2008 Before me ——— rr ae eee Sa8Sanr £. Lee Secresyer A Solicitor/Commisstoner for Oaths CHAFES SOLICITORS HESKETH HOUSE 16 ALDERLEY ROAD WILMSLOW, CHESHIRE SK9 1X Tel 01625 531676 S F HODGKINSON & SON LIMITED SCHEDULE OF CREDITORS AS AT 22 OCTOBER 2008 Name Address Ref No Amount SECURED CREDITOR Mr and Mrs | A Hodgkinson Acres Croft (re Shortfall on floating charge) Forty Are Lane Holmes Chapel CW4 8DU 306,000 00 UNSECURED CREDITORS Addleshaws 100 Barbirolli Square HSBC Invoicing Manchester Finance M2 3AB Amenity Contract Services Catchdale Moss Farm _ Eccleston St Helens WA10 5GG 1,968 13 Arbuthnot c/o Bermans LLP Lancaster House Mercury Court Tithebarn Street Liverpool L2 2QP 793 22 Barony Recruitment Limited First Wood Street Welsh Row Nantwich Cheshire CW5 5EG 2,080 60 Central London County Court 13-14 Park Crescent 8CLO1661 London W1 1HT See loD County Turf Ltd Low Santon Farm HODGKINS Appleby Scunthorpe N Lincs DN15 ODF 41,964 17 Crewe County Court The Law Courts 7QT51990 Cwic Centre Crewe cw1 2DP See Barony Crewe County Court The Law Courts 7CWO1065 Civic Centre Crewe CW1 2DP See Forrest D Crane Plant Hire Fleet Croft Fleet Street Lane Preston PR3 3XE 4,000 00 Directors’ loan accounts 1A Hodgkinson Acres Croft Forty Are Lane Holmes Chapel Ccw4 80U 148,197 00 S F Hodgkinson Acres Croft ~ Forty Are Lane Holmes Chapel cwé 8bU 142,574 00 Forrest Recruitment 296 Manchester Road Warnngton Cheshire WA1 3RB 3,306 95 GPB Solicitors 30-34 Hounds Gate Nottingham See Mox NG1 7AB Technology Groundtech 100 HM Revenue & Customs VAT Operations Insolvency Queens Dock Liverpool L74 4AA 2,258 26 HM Revenue & Customs Boardman House Leigh Road Leigh Lancs WN7 1NH 43,000 00 foD Director of Publications 116 Pall Mall London SW17 SED 1,396 17 Mox Technology Limited Mox House Wildmere Road Banbury Oxon OX16 3JU 5,000 00 Portakabin Limited New Lane Huntington York YO32 9PT 787 80 Premier Turfing Pottergate Golf Club Moor Lane Bramston Lincoln LN4 1JA 4,512 50 South Staffs Magistrates Court Bryans Lane Rugeley Staffs WS15 2FX 4,075 00 Turfmech Machinery Ltd Hangar 5 New Road Hixon Staffs $T18 OPJ 4,916 70 TOTAL 407,841 50 S F HODGKINSON & SON LIMITED EXHIBIT This is the exhibit marked “C’” referred to in the Affidavit of IAN ARTHUR HODGKINSON Sworn this day 22" day of October 2008 Before me ————— rr a ae Sa SA XK LES SA Crer7 ek A Solicitor/Commissioner for Oaths CHAFES SOLICITORS HESKETH HOUSE 16 ALDERLEY ROAD WILMSLOW, CHESHIRE SK9 1JX Tel 01625 531676 S F HODGKINSON & SON LIMITED SHAREHOLDERS lan Arthur Hodgkinson 100 ordinary shares @ £1 00 100 00 Acres Croft Forty Acre Lane Holmes Chapel CcW4 8DU