Form 4.20 Rule 4.34-CVL The Insolvency Act 1986 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 03657614 Name of Company (a) Insert full name of THE STUDENT SUPPORT CENTRE (MIDLANDS) LIMITED company (b) Insert full name(s) and John William Butler & address(es) Andrew James Nichols of Redman Nichols Butler Westminster Business Centre Nether Poppleton York, YO26 6RB (c) Insert date the liquidators of the above named co: any attach a statement of the company's affairs as at 17 September 2014 Signed We “ Date ralahe Mv Presenter’s name, address and reference (if any) U F Liquidation Se SATURDAY 20/09/2014 COMPANIES HOUSE NB This must be files with the Registrar within 5 business days§ eererererstyy Vi MINUTE. Form 4.19 STATEMENT OF AFFAIRS Insert the name of Statement as to the Affairs of The Student Support the company Centre (Midlands) Limited on the 17 September 2014, the date of the creditors’ voluntary liquidation STATEMENT OF TRUTH I believe that the facts stated in this statement of affairs are a full, true and complete statement of the affairs of the above named company as at the date that the company entered creditors’ voluntary liquidation Full name: fir fA (we LEL Signed: Date: /1/08/ 2214 : The Student Support Centre (Midlands) Limited Notes to the statement of affairs 1 The statement of affairs ignores the costs of insolvency 2 Section 176A of the Insolvency Act 1986 ( the prescribed part) does apply in this case as there 1s a floating charge created after 15 September 2003 However, it 1s understood that there may be a minimal amount due to the charge holder under the cross guarantee therefore, for the purpose of the statement of affairs, the estimated amount due to the charge holder has been estimated at £1 3 The book value for the plant, machinery and stock is per the agents, Winterhill Largo, valuation The estimated to realise value 1s per the offer received from The Student Support Centre Limited The agents, Winterhill Largo, have advised that this offer should be accepted 4 The company’s bank account has a small credit balance The estimated to realise value is uncertan as this may be offset against any monies owed to them under their debenture 5 The debts due to HM Revenue & Customs are best estimates only 6 The inclusion of creditor balances on the statement of affairs is as per the company's records Claims of creditors will be subject to admission by the duly appointed liquidator 1n the usual way 7 There 1s a rent deposit in respect of a former property It 1s currently uncertaim as to whether any monies are owed to the landlord This asset will fall to be recovered by the liquidator SAI The Student Support Centre (Midlands) Limited Statement of affairs as at 17 September 2014 Ht ee ee -y Book vaiue ___Estimatedto realise_ | £ £ £ £ Assets specifically pledged Rent Deposit Deed Less amount due to Midland Commercial Properties Limited, Frederick Levett-Dunn, Howard Evans and Bamett Waddingham Trustees Limited Surplus from assets specifically pledged 5,249 Uncertain Assets not specifically pledged Plant and Machinery 1,200 1,800 Stock minimal 700 Cash at bank 200 uncertain Total assets not specifically pledged 1,400 2,500 Estimated total assets for preferential creditors Preferential creditors None Estimated surplus/(deficit) as regards preferential creditors Less Prescribed Part Estimated surplus / (deficst) for floating charge holder Debt secured by a floating charge Clydesdale Financial Services Limited t/a Barclays Partner Finance Estimated surplus / deficit to a floating charge holder Add back Prescmbed Part Estimated surplus available for non-preferential creditors Non-preferential claims Trade and other creditors - per attached hist 698,284 698,284 Estimated surplus/(deficit) as regards unsecured creditors (695,785) Add back Estimated deficit to floating charge holder 0 Estimated deficit as regards creditors (695,785) Issued and called up capital 100 Estimated total surplus/(deficit) as regards members £(695,885) The Student Support Centre (Midlands) Limited Statement of affairs as at 17 September 2014 Preferential creditors Name: Address: Amount: None Total 000 SA1 The Student Support Centre (Midlands) Limited Statement of affairs as at 17 September 2014 Unsecured creditors Name Address Amount HM Revenue & Customs 3rd Floor 31,980 22 Euston Tower 286 Euston Road London NWI 3UQ Creative Way Design Limited The Studio 9,336 59 Firstwood Road Garretts Green Bummgham B33 OTB Glovers Business Supplies Limited Unit 11 1,425 75 Cousins Street Blakenhall West Midlands WV2 3DG 3J Finance 46 Church Avenue 229,250 00 Beckenham Kent BR3 1DT SSC Intercomany Group Loans 46 Church Avenue 33,786 29 Beckenham Kent BR3 IDT Educational Backup Services Limited - in administration ¢/o Redman Nichols Butler 346,711 15 Westminster Business Centre Nether Poppleton York YO26 6RB The Student Support Centre (UK) Limited - in administration c/o Redman Nichols Butler 7319 56 Westmmster Business Centre Nether Poppleton York YO26 6RB Printel 43 Cross Road 10,334 50 Croydon CRO 6TE Rapid IT Solutions Limited 124 Suite 100 Capital Business Centre 22 Carlton Road South Croydon Surrey CR2 OBS Local World PO Box 10178 16,336 99 Leicester LEI 8EE Publishing Ink Limited 5th Floor 1,235 52 White House 111 New Street Birmingham B2 4EU SAI The Student Support Centre (Midlands) Limited Statement of affairs as at 17 September 2014 Unsecured creditors Name Address Amount PIL Print Suite 3 1,172 19 Arran House Business Centre Arran Road Perth PH! 3DZ Ramon Lee & Partners Kemp House 9,393 75 152 - 160 City Road London ECIV 2DW Total 698,283.51