Rules 4.34-CVL The Insolvency Act 1986 Form 4 20 Statement of Company's Affairs Pursuant to Section 95/99 of the 5.95/99 Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number ( 03887270 | Name of Company (a) Insert full name of (a) Sandco 1237 Limited company (b) tnsert full name(s) We, (b) Anthony Josephs Linda Farish and address(es) Gosforth Park Avenue Gosforth Park Avenue Newcastle upon Tyne NE12 8EG Newcastle upon Tyne NE12 8EG the Liquidators of the above named company, attach a statement of the company’s affairs (c) Insert date as at (c) 19 December 2013 Signed Agee Su! Date vtfinly an I Presenter's Anthony Josephs name, address Linda Farish and reference (if RMT Accountants & Business Advisors any) RMT, Gosforth Park Avenue Newcastle upon Tyne NE12 8EG LS1000 271212013 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs SANDCO 1237 LIMITED Statement as to affairs of Sandco 1237 Limited on the 19 December 2013 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 Mr Eric Dodd Signed Ce Dated la Qe-amBer Ld 13 Signature. Date A - SUMMARY OF ASSETS Book Value Estimated to Realise £ £ Assets Subject to Specific Charge Assets Subject to Fixed Charge Assets Subyect to Floating Charge Assets not Subject to Charge Bond Held 4,132 4,132 Terminal Loss Relief Claim 5,000 5,000 Available to preferential creditors 9,132 9,132 sgn _ kD nae 14/Drscudde- Lor Ce | A1 - SUMMARY OF LIABILITIES Estimated to Realise £ £ Estimated total assets available for preferential creditors 9,132 Liabilities Estimated Surplus (Deficiency) as regards preferential creditors 9,132 Estimated total assets available for floating charge holders 9,132 Floating Charge Claims 0 ; Total assets available to unsecured creditors 9,132 Unsecured non-preferential claims Associated Creditors (199,717) (199,717) Estimated Surplus (Deficiency) Unsecured creditors (190,585) Share Capital Ordinary (5,000) (5,000) Estimated Surplus (Deficiency) as regards members (195,585) BV con V4 [ene212 1 a, ZO “yt MA “ TK 908 91g weyBuiunig peoy Aajbey ao sjuawred 000 000 ‘peoy Aaibey sg-eg ‘aienbs yeqos ‘ s00]4 UNE ‘suule|Q Aouepunpay Aouepunpey ZZ\/ 864N SUA] Uddp aiseoman uojueqbu07 Mai, Weg UO}Uag suuoysng 000 000 @SnoH YLOMUeAA ZOZEdG WooY UP Gul|puey swie|g Aouanjosuy pue onuaaay WH MSP 1$7 Sp9e7 SWU0}SND 000 000 yea Uuogsr] ‘ASNOH ayseg “00/4 YYZ ‘UN aduel|dW0g AoUanjosu} @ eNUaAaY WH swuojsng 00 0 000 ONZ LMN UOpuo] peoy uo}sNy 9gZ ‘JeMO] UOJSNA ‘JOO|4 PIE g onueney WH VVP Aouaajosu] 000 000 pL] loodieat] 4vP p27 ‘joodsaarq] ‘y90q sugend ‘suolesedo Aduanjosuy | asioxy y swoysnd WH 000 00 ZL2'661 Ors Lid weying 09 uojBuijjeg ‘peoy evOIIA 08 paywiry Jowje9 3 Aysnoas usalb play Ajunses | 33qQep yuewleyo jo anjen Ayunses a3eg Aue jo sjiejyaq | jo Junowy (epoojsod yyIM) ssouppy 10 JO}IPIs9 JO BWEN . uolssassod s,Auedwiod ayy ul Aedoid 18A0 211) JO UOUS}O1 BUIWIE[ SuOyIpasJo pue sed!Alas JO Spoosb jo A\ddns ay} Jo aoueApe Ul pled sjunowe Buiwie|s ssauio}sno pue sjuawiae6e ayes |evonipuco Jo Bulsea| jayeyo ‘aseyound-a.iy Japun suojipaso Aue Ayquap! pue syoypeuo |e apnjoul Jsnuu NOA FLON GALIWIT Z€Z7b OOGNVS - SHOLIGAYD ANVdAIOS & aq ara fi arc ‘aunyeusis 00°000'S 2JB}OL ors +10 weuing oF uobuleg 00 000'S 001 9000S 001 Aseupio peoy eLO}IA 08 Papitui] OWED 3 dn pajyeo 3 dn payyes 3 peu 3 aeys prey {apoaj}sod Jepjoyaseys yunowe |e}0] aseys Jad junowy saseys yo saquiny | jo junowe jeUuIWwON saseys jo adAy yum) ssosppy jyoawen | ON GSLINIT Z6zb OOGNVS - SYACTOHAYVHS 9 Sandco 1237 Limited NOTES TO THE STATEMENT OF AFFAIRS Secured Creditors Barclays Bank Plc were granted a debenture by the Company on 14 September 2012 (Registered 27 September 2012) creating a fixed and floating charge over the assets and undertaking of the Company The position with this will be investigated by the appointed liquidator Leasehold Property We understand that the Company’s property was transferred at the date of sale of the assets The liquidators, when appointed, will be required to investigate the position of the lease Bond There ts a bond held in respect of work carried out In Saudi Arabia The directors have received confirmation that the bond will be released in the near future Terminal Loss Relief Claim The Terminai Loss Relief Claim has been caiculated at £5,000 00, the costs associated with dealing with the claim are estimated at £2,000 plus VAT Preferential Creditors Wages/Holiday Pay There are no employees and, therefore, no claims in respect of wages or holiday pay ‘Prescribed Part’ Under the provisions of the Enterprise Act 2002, introduced on 15 September 2003 the preferential status of the Inland Revenue and Customs & Excise has been abolished As a consequence of this a “prescribed part” of the Company's assets must be set aside for the benefit of the unsecured creditors in respect of any floating charge security granted after 15 September 2003 The prescribed part 1s calculated as follows - e 50% of the first £10,000 of the net property of the company if the net assets are in excess of the £10,000 e 20% of the property thereafter, subject to a limit of £600,000 The prescribed part in this matter is NIL as there is no floating charge holder Non Preferential Creditors Employees’ Claims There are no employees claims H M Revenue and Customs There ts no PAYE, VAT or Corporation tax outstanding Associated Creditors The sum due to the associated creditor relates to the funds Invested into the company by its shareholder Trade Creditors There are no trade creditors The statement of affairs does not reflect the fees and expenses of administering the liquidation