Form 4.20 S.95/99 Rule 4.34-CVL The Insolvency Act 1986 Statement of Company's Affairs Pursuant to Section 95/99 of the Insolvency Rules 1986 For Official Use To the Registrar of Companies Company Number [02737724 Name of Company Insert full name of {RW (Enclosures) Limited company Insert full name | Anthony Harris and address Critchleys Greyfriars Court Paradise Square Oxford OX1 1BE the liquidator(s) of the company attach a statement of the company's affairs as at 12 February 2009 Signed Lt: pa Date 18 February 2009 Presenter’s name, IR600 For Official Use fs address and reference (if any) Anthony Harris Critchleys Greyfriars Court Paradise Square Oxford OX1 1BE COMPANIES HOUSE Rule Statement of Affairs Form 4.19 4.34-CVL Statement as to affairs of IRW (Enclosures) Limited on 12 February 2009 being a date not more than 14 days before the date of the resolution for winding up Affidavit This Affidavit must be sworn or affirmed before a Solicitor or Commissioner of Oaths when you have completed the rest of this form. I, Jan Anthony Lindsay, Company Director of 5 Western Avenue, Gipsy Lane, Liskeard, Cornwall PL14 43] Make oath and say that the several pages exhibited hereto and marked ‘EXH1’ are to the best of my knowledge and belief a full, true and complete statement as to the affairs of the above named company as at 12 February 2009 (being a date not more than 14 days before the date of the resolution for winding up) and that the said company carried on business as Metal workers 4 19 Winds Plea Liskeard Covail Priy HBV - SWOIT dt cc cccceccecessesecsecscsesceacagersscscasarceenseusesesnaqeauaerausasenvaeassaesestenrees b Date LP Febansy tees on, Signature ..60j4, Areas Before me........ 1. Y..csrdeoow ities Messenccseresesceeassesaneesensnteseeseoussapeanaeerens Kui GroRuk | A Solicitor or-Commissioner-efGaths Before swearing the affidavit the Solicitor or Commissioner is particularly requested to make sure that the full name, address and description of the Deponent are stated, and to initial any crossings-out or other alterations in the printed form. A deficiency in the affidavit in any of the above respects will mean that it is refused by the court, and will need to be resworn. This is the exhibit marked "EXH1" referred to in the affidavit of lan Anthony Lindsay Sworn before me WY Date: 12 February 2009 Insolvency Act 1986 Ex ne" IRW (Enclosures) Limited Estimated Statement Of Affairs as at 12 February 2009 Book Value Estimated to Realise £ £ £ ASSETS Transit Van 18,100.00 8,000.00 Ing Lease (UK) Limited (13,854.00) (13,854.00) Deficiency c/d (7,854.00) Leasehold Improvements 76,073.00 Uncertain Plant & Machinery 4,609.00 150.00 Furniture & Equipment 2,848.00 20.00 Mator Vehicles 7,453.00 3,000.06 Stock 600.00 150,00 Book Debts 64,105.00 1,120.00 Cash at Bank 4,895.00 4,895.00 9,335.00 PREFERENTIAL CREDITORS:- Employees 848.88 848.88 8,486.12 Estimated prescribed part of net property where applicable (to carry forward) NIL 8,486.12 DE8TS SECURED BY FLOATING CHARGE NIL 8,486.12 Estimated prescribed part of net property where applicable (brought down) NIL 8,486.12 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Deficiency bid 7,854.00 Shortfall to preferential creditors (brought down) NIL Trade & Expense Creditors 60,879.25 Employees 6,803.40 Shareholders Loans §6,132.00 PAYE/NIC 2,257.94 VAT 3,798.00 137,724.59 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall to floating charge holders) (129,238.47) (129,238.47) issued and called up capital Ordinary Shareholders $9.00 99.00 TOTAL SURPLUS/(DEFICIENCY) (129,337.47) IRW (Enclosures) Limited - Notes To The Estimated Statement Of Affairs L The inclusion of any claim does not constitute an admittance of the debt. All claims are subject to formal adjudication. . 2. The above estimates are subject to the expenses of the liquidation and the expenses of realisation. 3. The company has an overdraft facility of £7,000 which has been personally guaranteed by the director. However, the facility has never been used. 4. The vehicle valuations are based on figures provided to the director by the focal garage that services them. Valuation of the other assets is based on the director's estimates, and no professional valuation has been obtained. 5. The company’s largest customer has been placed into administration. A balance of £61,046 is outstanding. The administrator's proposals are not yet available and therefore it Is unclear whether any of this debt will be recoverable. A further debt of £1,938 has been written down by 80% as it is over 5 months old. One book debt totalling £ £1,120 is expected to be collectible. 6. PAYE/NIC is outstanding for the month of December 2008 only. 7. VAT is outstanding for the period 1 December 2008 to date. 8. The company occupies premises that are owned by the director. There is no formal lease agreement in place but the company has paid a commercial rent, based on an agent's valuation in order to meet the mortgage payments. 9. The amounts owing preferentially and non-preferentially to the employees relate to arrears of wages, pay in lieu of notice, holiday pay and redundancy. 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