—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 Company Number 02330837 To the Registrar of Companies Company Number BLUEYE MEDIA LIMITED [Insert full name(s) and address(es)] | JM Titley and M Maloney the Joint Liquidators of the above named Company, attach a statement of the Company's affairs as at 11 February 2014 _ Signed cat Date 11 February 2014 Presentor'’s name, address and reference (if any) For official use = Leonard Curtis HNN Hollins Mount For officiat use 17/02/2014 #60 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of BLUEYE MEDIA LIMITED on the 11 February 2014 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 SARAH AUENESS siget ADARA FR Dated | (- 27 Veh CVLMF419 06-04-10 BLUEYE MEDIA LIMITED APPENDIX | DIRECTOR’S ESTIMATED STATEMENT OF AFFAIRS AS AT 11 FEBRUARY 2014 Book value Estimated to Realise Note £ £ £ £ Assets Specifically Pledged Goodwill 1 25,040 Nil Less National Westminster Bank Plc 1 (26,663) (26,663) Surplus / (Shortfall) c/fwd - NatWest (1,623) (26,663) Debtors 10,642 7,449 Less RBSIF (7,778) (7,778) Surplus / (Shortfall) c/fwd - RBSIF 2,864 (329) Assets Not Specifically Pledged Motor Vehicles Nil Nil Office Furniture & Equipment 3,200 950 3,200 950 6,064 950 Preferential Creditors Employee Claims / ERA 2006 Claims (est ) (4,000) (4,000) Net Property available for Prescribed Part* 2,064 (3,050) Less Prescribed Part (Nia) (N/a) Available for Floating Charge Creditor 2,064 (3,050) Shortfall b/fwd — National Westminster Bank (1,623) (26,663) Shortfall b/fwd —RBSIF (Nil) (329) Surplus / (Shortfalls) c/fwd 441 (30,042) Add Prescribed Part Nia Nia Available for Ordinary Unsecured Creditors 441 Nia Ordinary Unsecured creditors Shortfall b/fwd — Preferential Claims (Nil) (3,050) Shortfall b/fwd — NatWest (Nil) (26,663) Shortfall b/iwd - RBS (Nu) (329) Hire Claim - VW Finance (4,209) (4,209) np Employee Claims / ERA 2006 Claims (est ) (8,000) (8,000) NAO nw H M Revenue & Customs - PAYE / NI (est } (1,200) (1,200) H M Revenue & Customs - VAT (est) (3,337) (3,337) Directors’ Loans / Connected Creditors (est ) (73,781) (73,781) Trade and Expense Creditors (est ) (43,499) (43,499) Total Ordinary Unsecured Creditors (134,026) (164,068) Estimated Deficiency as regards Creditors (133,585) (164,068) Issued share capital (4) (4) Estimated Deficiency as regards Members (133,589) (164,072) Signed Serol Lr sir. 41 February 2014 Mrs Sarah Jane Furness BLUEYE MEDIA LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company's latest financial information or from valuations obtained from independent valuation agents tt should be noted that no provision has been made for the costs of preparation of the same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the Liquidation r Assets Specifically Pledged Goodwill The Goodwill has been extracted from the Company's books and records, as provided by the directors The Goodwill is estimated to have no realisable value for the purposes of the statement of affairs National Westminster Bank Plc National Westminster Bank Pic hold a fixed and floating charge created on 19 December 2008 and registered on 23 December 2008 Debtors The Debtors are subject to an invoice discounting agreement with RBS Invoice Finance Limited created on 23 January 2009 and registered on 27 January 2009 A general provision of 30% has been applied in respect of bad / doubtful debts Assets Not Specifically Pledged Motor Vehicles The Company has 4 Motor Vehicles which are subject to Contract Hire, 3 vehicles belong to Volkswagen Finance and 1 vehicle belongs to Network leasing Office Furniture & Equipment The Office Furniture and Equipment described as Plant and Machinery in the Financial Statements has been subject to an independent valuation by the firm Charles Taylor, who have been provisionally instructed by the nominated liquidators The book value and the estimated to realise value have been extracted from the valuation report for the purpose in the Statement of Affairs Employee Claims / ERA’2006 Claims (est.) Where applicable, employees will be entitled to make claims (subject to certain limits} under the Employment Rights Act 2006 (ERA'2006) from the government department known as the Redundancy Payments Service (‘RPS’) The Employee claims may include arrears of pay, haliday pay, compensation in leu of notice and redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will then lodge a claim against the Company in respect of the payments ithas made Employee Claims / ERA’2006 have been estimated for the purposes of the statement of affairs and are not considered as agreed amounts Prescribed Part The method of calculating the prescribed part is given below Where the net property does not exceed £10,000 (the prescribed minimum) it may be considered that the cost of making a distnbution is disproportionate to the benefits and no prescribed part is required to be set aside Where the net property exceeds £10,000 the prescribed part is calculated at a value of 50% of the first £10,000 plus a further 20% of the net property which exceeds £10,000, up to a maximum prescnbed part of £600,000 The net property in this case is expected to be less than the prescribed minimum and we consider that the cost of making a distribution of the prescribed part in this case to be disproportionate fo the benefits Accordingly, we do not intend to set aside a prescnbed part in this instance Signed ono Ruow NA 11 February 2014 Mrs Sarah Jane Furness BLUEYE MEDIA LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont ) 5 H M Revenue & Customs — PAYE / NI & VAT The liability to HMRC in respect of unpaid PAYE, NIC and VAT has been extracted from the Company's books and records as provided by the directors and / or the Company's advisors The outstanding liabilities are in respect of the following periods PAYE /NIC — 2013/2014 VAT- 2013/2014 6. Directors’ Loans / Connected Creditors Details of the directors’ loan accounts / connected creditors have been extracted from the Company's books and records as provided by the directors and / or the Company's advisors A detailed list of these amounts has been provided at Appendix II! The amounts shown should not be regarded as agreed 7. Trade and Expense Creditors Details of the Company's trade and expense creditors have been extracted from the Company's books and tecords as provided by the directors and / or the Company's advisors A detailed list of these amounts has been provided at Appendix I!} The amounts shown should not be regarded as agreed Where applicable certain creditors have been shown as £1 00 for the purpose of the Statement of Affairs until definitive amounts owed are received sre Br 2 La rwA EA 41 February 2014 Mrs Sarah Jane Furness BLUEYE MEDIA LIMITED APPENDIX Hl SCHEDULE OF CREDITORS See attached list Signed & WOCLAwUeS 44 February 2014 Mrs Sarah Jane Furness B - Company Creditors B888Q Blueye Media Limited Code Name & Address Amount of Debt C0001 Hurstwood Properties Limited 1,100 00 4th Floor 1 Marsden Street Manchester M2 1HW c0002 Avanti Business Equipment Ltd 103 68 Unit 13 Wharfside Business Park Irlam Wharf Road Irlam, Manchester M44 5PN C0003 Beswicks Solicitors LLP 2,076 24 Sigma House Lakeside, Festival Way Festival Park Stoke on Trent ST1 5RY C0004 CVS Cheshire East 350 00 11 Hope Street Sandbach Cheshire CW11 1BA C0005 Congleton Chronicle 572 40 11 High Street Congleton Cheshire CW12 1BW C0006 Crewe Colour Printers Ltd 6,976 00 Millbuck Way Springvale Industrial Estate Moston Road Sandbach, Cheshire CWi1 3SH C0007 Clear Channel Uk Ltd 336 00 Accounts Department 32 Goldsworth Road Woking Surrey GU21 BJT C0008 Delmar Press (Colour Printers) Ltd 435 60 Wall Lane Nantwich Cheshire CW5 5LS C0009 The Effective Directories Ltd 319 68 5 Marlborough Drive Sandbach Cheshire Cw111SP Signature Sprak {puss Date [(I- 2-1 B888Q Page 1/7 Printed on 11 Feb 2014 at 10 25 B - Company Creditors B888Q Blueye Media Limited Code Name & Address Amount of Debt C0010 Bauer Radio/Active Ltd 302 40 Shared Servce Centre Wentworth House Wentworth Street Peterborough, Cambs PE1 1DS c00t1 Fiona Ridgway Creative Marketing 425 00 32 London Road Nantwich Cheshire CW5 6LT c0012 GB Copier Systems Ltd 123 33 Accounts Department Waterloo House Waterloo Road Burslem, Stoke on Trent ST6 2EU C0013 Globat Radio Services Ltd 1,294 57 Credit Control Department PO BOX 2020 Reading RG31 7FG C0014 Hamerville Magazines Ltd 1,430 00 Regal House Regal Way Watford Herts WD24 4YJ C0015 Hammond McNulty 2,612 10 Bank House Market Square Congleton Cheshire Cw12 1ET C0016 Johnsons of Nantwich Ltd 3,087 60 Accounts Department Oak Market Nantwich Cheshire CW5 SAP C0017 NWN Media Ltd 194 40 Mold Business Park Wrexham Road Mold Flintshire CH7 1XY C0018 Archant Community Media Ltd***** 548 10 Archant Accounting Services Prospect House Rouen Road Norwich NR1 1RE signature SOA L WEB Date {i— 2 -Fep B888Q Page 2/7 Printed on 11 Feb 2014 at 10 25 B - Company Creditors, B888Q Blueye Media Limited Code Name & Address Amount of Debt C0019 Office Services 68 64 Support Team 40 Great Lister Street Birmingham B7 4LS co0020 Profile Communication (UK) Ltd 139 20 11 Road One Winsford Industrial Estate Winsford Crewe, Cheshire CW7 3PZ c0021 The Printing House Ltd 1,070 20 Marshfield Bank Employment Park Marshfield Bank Crewe Cheshire CW2 8UY c0022 Print Monkey (Whitchurch) Ltd 37:79 Unit 10 Digital Court Waymills Industral Estate Whitchurch, Shropshire SY13 1TT C0023 Poynton Post 777 60 PO BOX 174 Poynton Stockport SK12 1WF c0024 QPS Pnnt Ltd 206 00 Accounts Department 3A Woodhouse Street Stoke on Trent Staffs ST4 4QX C0025 Reed Business Information 140 00 Credit Services Wellesley Road Sutton Surrey SM2 SNP C0026 Real and Smooth Ltd 7,225 34 Accounts dept Laser House Waterfront Quay Salford Quays, Trafford Rd M50 3XW c0027 Local World 732 24 Accouts Receivable PO Box 10178 50 St Georges Street Leicester LE1 8EE Signature Spnatruur FS Date \\— 2 - | B888Q Pnnted on 11 Feb 2014 at 10 25 B - Company Creditors B888Q Blueye Media Limited Code Name & Address Amount of Debt C0028 Signa! Radio 1,398 07 UTV Radio Accounts Orrell Lodge Orrell Road Orrell, Wigan WNS 8HJ c0029 HM Revenue & Customs 3,337 00 Durrington Bridge House Barringotn Road Worthing West Sussex BN12 4SE C0030 HM Revenue & Customs 1,200 00 Durnngton Bndge House Barnngton Road Worthing West Sussex BN12 4SE C0031 Cheshire East Council 100 Po Box 39 Town Hall Macclesfield Cheshire SK10 1HR C0032 Mr and Mrs Furness 73,781 00 14 Fishermans Close Winterley Sandbach Cheshire Cw11 4SW C0033 Grenke Leasing Ltd 100 Saxon House 3 Onslow Street Guildford Surrey GU14SY C0034 ING Lease 100 60 High Street Redhill Surrey RH1 iNY C0035 ING Lease 100 60 High Street Redhill Surrey RH1 1NY C0036 Network 100 165 Bath Road Slough Berkshire SL1 4AA Signature ScrotPurrsg Date {t- 2-| Ue B8ssQ Page 4/7 Pnnted on 11 Feb 2014 at 10 25 B - Company Creditors B888Q Blueye Media Limited Code Name & Address Amount of Debt C0037 VWFS 100 Brunswick Court Yeomans Drive Blakelands Milton Keynes MKi4 5LR C0038 VWFS 100 Brunswick Court Yeomans Drive Blakelands Milton Keynes MK14 5LR C0039 VWFS 4,209 94 Brunswick Court Yeomans Drive Blakelands Milton Keynes MK14 5LR C0040 Pitney Bowes 100 PO BOX 6570 Harlow Essex CM20 2GZ C0041 Premium Credit 100 Premium Credit House 60 East Street Epsom Surrey KT17 1HB c0042 BT 100 BT Correspondence Centre Providence Row Durham DH98 1BT C0043 Pure Connected 100 Solutions House Blisworth Hill Farm Northampton NN7 3DB C0044 Vodafone 100 The Connection Newbury Berkshire RG14 2FN C0045 1 and 1 Internet 100 Aquasulis House 10-14 Bath Road Slough SL13SA C0046 GBM Digital Technologies Ltd 100 16-18 Midland Street Ardwick Manchester M12 6LB Date {y\-2-f ue gonatue SOL PAA, SR B88sQ Page 5/7 Ponted on 11 Feb 2014 at 10 25 B - Company Creditors B888Q Blueye Media Limited Code Name & Address Amount of Debt C0047 Sage (UK) Ltd 100 North Park Newcastle U Tyne NE13 SAA C0048 Think About IT 100 78 Hospital Street Nantwich Cheshire CW5 SRP C0049 Flowmation Systems 100 Index House St George's Lane Ascot Berkshire SL5 7ET C0050 Red Shift Radio 100 Unit 9 Brierley Business Centre Minion St Crewe CW1 2AZ C0051 Nabo 100 12 Blades Court Deodar Road London SW15 2NU C0052 Peninsula Business Services Ltd 9,393 00 The Peninsula 2 Cheetham Hill Road Manchester M4 4FB C0053 FSB 100 Sir Frank Whittle Way Blackpool Business Park Blackpool FY4 2FE C0054 FSB 100 Sir Frank Whittle Way Blackpool Business Park Blackpool FY4 2FE C0055 Go cardless Ltd 100 22 Finsbury Square London EC2A 1DX C0056 Sandbach Rugby Union Football Club 100 Bradwall Road Sandbach Cheshire CW111RA C0057 Redundancy Payments Services 4,000 00 Colbalt Square 83 Hagley Road Birmingham Signature SS. Grol Krrrog B88sQ Page 6/7 Pnnted on 11 Feb 2014 at 10 25 B - Company Creditors B888Q Blueye Media Limited Code Name & Address Amount of Debt C0058 Redundancy Payments Services 8,000 00 Colbalt Square 83 Hagley Road Birmingham C0059 National Westminster Bank Pic 26,663 00 34 High Street Northwich Cheshire CWS 5AZ C0060 RBS Invoice Finance Limited 7,778 00 Level 3 1 Spinningfields Square Manchester M3 3AP £172,487 12 QO Signature Grab KRUG Date fy—-2-\eb B888Q Page 7/7 Pnnted on 14 Feb 2014 at 10 25