-* Rule 4 34 Form 4 20 $.95/99 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 | 03807616 Name of Company (a) Insert full name of (a) Avon Good Food Limited company (b} Insert full name and We (b) addresses Andrew Fender Sanderlings Business Services Limited Sanderling House, 1071 Warwick Road Acocks Green Birmingham B27 6QT United Kingdom (c) Insert date the liquidator(s) of the above-named company attaches a statement of the company’s affairs as at (c) 30 April 2015 Signed Date _6 May 2015 Presenters name, address and reference Sanderlings Business Services Liqui (if any) Limited Sanderling House, 1071 Warwick Road *AATYREIT* Acocks Green Aga 22/05/2015 #189 Birmingham COMPANIES HOUSE B27 6QT *AABWKUYZ" United Kingdom Ata 07/05/2015 #26 COMPANIES HOUSE ‘6 “ ‘ . ‘ Rule 4 34-CVL » Form 4 19 Statement of Affairs Statement as to affairs of Avon Good Food Limited on 30 April 2015 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 tn this Statement of Affairs are true Full Name Y4 Tf OL Signed Abbe Ho SSN Dated 3a /4+ lads Signature. Date Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Avon Good Food Limited on 30 April 2015 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 tn this Statement of Affairs are true Full Name 4 HOE Signed Abe Ho Ss AN) Dated 30 [+t | B.S Signature Date Avon Good Food Limited A-— Summary of Assets Assets Book Value Estimated to Realise Assets subject to fixed charge: 7s None - Nil 7 Assets. Stock 600 Furniture & Equipment 10,425 4,500 Estimated total assets available for preferential creditors 5,100 | | signature PI Date. A1 — Summary of liabilities Estimated to Realise Estimated total assets available for preferential creditors -- 5,100 (carned from page A) Preferential creditors oo ae None Nil Total Preferential Claim Nil Estimated deficiency / surplus as regards preferential creditors 5,100 Estimated total assets available for floating charge holders 5,100 Debts secured by floating charges None Nil Nii Estimated deficrency/surplus of assets after floating charges 5,100 Total assets available to unsecured creditors 5,100 Unsecured non-preferential claims (excluding any shorifall to floating charge holders) Trade Creditors (963) Director's Loan Account (A Hussain) (299) HM Revenue & Customs (PAYE) (810) HM Revenue & Customs (VAT) (24,131) HM Revenue & Customs (CT) (2,572) (28,775) Estimated surplus / deficiency as regards non-preferential creditors £ (23,675) Issued and called up capital Ordinary (1,000) (1,000) Estimated total deficiency / surplus as regards members (24,675) Signature AA HY Date ri ayeq ~ 16144 fy aunyeubig 0 8b SLL'873 | SIPIOL | fo 00 £963 Sq ‘weybuiuig ve ‘}aaNjS jOsUg EVIE ‘@sNoH yUueg pr] 09 9 snavey 0 GP LEL' zs VP £21 ‘joodiaarq ‘y90qg susand ‘suonesedo LVA | (LWA) Swojsn9 9 enuaAaY WH | 0 ASp ZINA ‘xessng Jsajy ‘Buiyyor, (GAVd) 92 6083 ‘peoy uojBuweg ‘asnoy abpug uo}buwung SWOISND PY BNUaABY WH 0 ‘ 00 Z29'23 moBseId “26667 X0d O df ‘UoIdweenlony | (19) SWOJSND B enUEReY WH | , |o . 00 6623 39 ZEA ‘uony uodn puopeng ‘aang jadeyo g \) qunoooy wee) Stoene 3 ueaib Ayunsas Aysnoes JO}IPaID queues jo anjea » ayeg Aq pjay Aqunses Aue jo sjiejoq | 1qap jo unowy (apooysod ym) ssaippy JO JOWPa19 JO awWeN uoissassod $ Auedwoo ayy ul Apedosd J8A0 aij} JO UOUa}al BuUIe]D SIO}IPS10 Ue SediAIaS 10 SpOOB jo Ajddns ayy jo aoueape ul pled sjunowe Buiwiejo siswojsno pue sjuatuselbe a]es |eUOHIPUOD JO Buisea) jayeud ‘aseyoind-auly JapuN sioypalo Aue AjUaP! pUe SJONPSO je 9pnjoui sn NO, a}ON SYOLIGAYD ANVdINOD a ajeg —~ 70H vA aunjeuBbis 00 SLE3 Sle Areupio dd9 LEAD ‘SpuelpI IsaAA ‘aIysyoIMUeNA ‘UoAY LOdN PJoYeds ‘jeans jedeyo 9 yelw) uesseH sIpy 00 S293 $79 Aeutp:9 | d39 ZEAD ‘SpUeIpIV ISayy ‘B1YSyIMUAAA ‘UOAY Lod?) PoReNS ‘ans jedeyD g ulessny ingy saquiaw anjea jeuIWON | sa1eYys jo "ON areys jo adAy (eporjsod ym) ssouppy 40 Japjoysueys yo sweN SUaaWAW ANVdWOO re) Avon Good Food Limited Comments on the Directors’ Statement of Affairs The Statement of Affairs does not reflect the costs of insolvency and realisation Assets Furniture & Equipment; Stock The book value 1s taken from the company’s accounts and the estimated to realise values are based on a valuation undertaken by independent agents MGR Appraisals prior to the appointment of a liquidator Creditors There are no preferential creditors or secured creditors The unsecured claims total £28,775 and | would point out that the amounts shown have been provided by the director and the company accountant, which may not necessarily agree with your own records However, the amounts stated will not prejudice your claim as It will be agreed by the Liquidator in due course Creditors may also be entitled to clam VAT Bad Debt Relief on their claims Avon Good Food Limited Deficiency Account Deficiency Account at 30-April 2015" ~ ne 2 ge Reserves per audited accounts as at 30 June 2014 5,260 Less Asset Values written off as a consequence of Liquidation Furniture & Equipment (5,925) (5,925) (665) Balance being estimated trading losses for the period (28,110) Deficiency as regards members per the statement of affairs (28,775) Avon Good Food Limited Pre appointment Fee Information _ __A resolution for pre appointment fees 1s being sought. 6 6s A resolution for a fixed fee of £2,500 plus disbursements and VAT in respect of pre appointment work will be put to the meeting of creditors Details of the pre-appointment work are below Attending and advising the Board of directors Attendance at the Board Meeting and advising on the relevant action to be taken to wind-up the company and the corresponding resolutions to be passed Producing and circulating notices within statutory time limits to shareholders and creditors Assistance with preparing the Statement of Affairs Assistance with preparing the report to be presented to the Meeting of Creditors Preparing the relevant documents and advising on the conduct of the meeting of shareholders Preparing the relevant documents and advising on the conduct of the meeting of creditors SANDERLINGS LLP, SANDERLINGS BUSINESS SERVICES LIMITED, MAYFIELDS SANDERLINGS LLP - Fees, DISBURSEMENTS & INFORMATION . Fees The fees of the Trustee/Liquidator/Supervisor/Administrator (appomted IP) are fixed by reference to time properly spent by the appointed IP and his staff in attending to all matters arising in the Bankruptcy/Itquidation/Voluntary Arrangement/Admunistration (case) unless otherwise agreed with the creditors The appointed IP and hus staff charge time to all insolvency cases in units of 6 minutes The Trustee/Liquidator/Supervisor/Administrator reserves the right to charge interest at a rate of 2% above bank base rate on unrecovered work In progress The charge-out rates for the vartous categories of staff are as follows - (There 1s to be no charge out rate increase from 1 February 2012) a Charge ¢ Out Rate per Hour u Appointed Partner (Trustee Supervisor, Liquidator Administrator Administrative Recetver) 395 Partner/Senior Manager 285 Manager 215 Case Administrator 145 Support staff (only to be chargeable for pertods of 1 hour or more) 105 Junior 40 Standard Activity Examples of Work Statutory Compliance administration & planning Statutory reporting and compliance, compliance with other regulatory requtrements case planning, administrative set up, appointment notification, maintenance of records, Investigations SIP 2 review, CDDA reports, Investigating antecedent transactions Realisation of assets Identifying, securing, insuring assets, Retention of title Debt collection Property business and asset sales Trading Management of operations, accounting for trading, on going employee issues Creditors Communication with creditors Creditors’ claims (including employees and other preferential creditors) Disbursements - Category 2 Disbursements In dealing with the case, the appointed IP will incur expenses and disbursements that are recoverable from the assets available in the case In accordance with Rules 6 224 and 4 218 respectively of the Insolvency Rules In additton to out of pocket expenditure, the appointed IP will also recover shared or allocated costs These may be referred to as category 2 disbursements Where applicable, such category 2 type disbursements are calculated as follows - Expense Type Basts of Charge For all official stationery, printing postage and telephone charges including noticesto (1) for a number of creditors and Contributortes not creditors and contributories in respect of the first meetings of credttors and exceeding 25 £175 contributories (n) for every additional 10 creditors and contributories or part thereof, £40 Where any other meetings of creditors or contributories are held, for summoning and (it!) for a number of creditors and Contributories not holding the meetings and for statutory circulars exceeding 25, £155 (iv) for every additional 10 creditors and contributories or part thereof, £20 All other expenses and disbursements are recovered as follows Expense Type Basis of Charge Room Hire (for each statutory meeting of creditors) £175 OO per meeting Mileage 35-95p per mile Company search costs £45 per search Storage of company books and records £2 50 per box per quarter* * Where funds permit, a charge for storage of boxes for 12 months after closure of the case 1s made to cover storage costs until such time as destruction of the records ts permitted Minimum charge of £200 to cover administration Should any creditor require further clarification in respect of fees or expenses then please contact the appointed IP or case manager as identified in the correspondence concerning the case tn question INFORMATION Within 21 days of receipt of this progress report a creditor may request that | provide further information about the remuneration and expenses set out in the report A request must be in writing and may be made by a secured creditor, or an unsecured creditor with the concurrence of at least 5% in value of the creditors (including that creditor) or the permission of the court You also have a right to challenge my remuneration and expenses 1 am obligated to provide the requested information within 14 days, unless | consider that the time or cost involved in preparing the information would be excessive, or disclosure would be prejudicial to the conduct of the proceedings or might be expected to lead to violence against any person, or | am subject to an obligation of confidentiality tn relation to the information requested, in which case | must give the reasons for not providing the information Any creditor may apply to the court within 21 days of my refusal to provide the requested information, or the expiry of the 14 days time limit for the provision of the information A guide to fees 1s available on request or at www icaew com/en/technical/insolvency/creditors guides - Updated May 2014