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 05589688 To the Registrar of Companies Company Number THE SEAT SURGEONS LIMITED [Insert full name(s) and address (es)] | M Maloney and J M Titley the Joint Liquidator of the above named Company, attach a statement of the Company's affairs as at 23 January 2013 Signed Jy Date 23 January 2013 Presentor's name, address and reference (if any) For official use Leonard Curtis Hollins Mount Hollins Lane Bury BL9 8DG < a 5 *A2110A2P" A03 29/01/2013 #145 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of THE SEAT SURGEONS LIMITED on the 23 January 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 Rernget Hever Signed Entlod Asc Dated 22\ | \3 CVLMF419 06-04-10 THE SEAT SURGEONS LIMITED APPENDIX | DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 23 JANUARY 2013 Book value Estimated to Realise Note £ £ £ £ Assets specifically pledged None Nil Nil Less Lloyds TSB Commercial Finance Limited 1 (Nil) (Nil) Less Lloyds TSB Bank Plc 1 (72,097) (72,097) Surplus / (Shortfall) as regards charge holder (72,097) (72,097) Assets not specifically pledged Directors’ Loan Accounts 2 60,494 Uncertain Office Furniture and Equipment 2 4,755 4,200 Plant & Equipment 2 2,461 1,500 Motor Vehicles 2 6,585 5,600 Stock 2 10,000 3,500 84,295 11,800 Preferential creditors Employee claims / ERA 2006 claims (est } 3 (Nu) (Nil) Net property available for prescribed part 84,295 11,800 Less: Prescribed part calculation 4 (N/a) (Nia) Available for floating charge creditor 84,295 11,800 Shortfall as regards charge holder (72,097) (72,097) Surplus / (shortfall) - floating charge holder (12,198) (60,297) Add back prescribed part Nia Nia Available for unsecured creditors Nia Nia Ordinary Unsecured creditors Employee claims / ERA 2006 claims (est ) (Nil) (Nil) H M Revenue & Customs ~ Corporation Tax (est ) 5 (17,382) (17,382) Trade and expense creditors (est } 6 (54,040) (54,040) Total value of unsecured creditors (71,422) (71,422) (71,422) (71,422) Shortfall as regards floating charge creditor - (12,198) (60,297) Total estimated deficiency as regards creditors (83,620) (131,719) Issued share capital (10) (10) Estimated deficiency as regards members (83,630) (131,729) Signed find Bewedth 23 January 2013 Bridget Hewitt THE SEAT SURGEONS LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company's latest financral information or from valuations obtained from independent valuers It should be noted that the 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 1. Lloyds TSB Commercial Finance Limited Lloyds TSB Commercial Finance Limited hold a fixed and floating charge created on 16 October 2006 and registered on 18 October 2006 There are no monies owed to Lloyds TSB Commercial Finance Limited Lloyds TSB Bank Plc Lloyds TSB Bank Ple holds a fixed and floating charge created on 24 December 2008 and registered on 24 December 2008 Lloyds TSB Bank plc ts owed a total sum of £72,097 which 1s in respect of the company’s overdraft and two business loans 2. Directors’ Loan Accounts The book value of the directors’ loan accounts has been provided by the directors, as extracted from the company's books and records The loan accounts are not considered as an agreed amount and the estimated realisable value has been shown as uncertain for the purposes of the statement of affairs Office Furniture and Equipment The Office Furniture and Equipment has been subject to an independent valuation by the firm Charles Taylor, who have been provisionally instructed by the nominated liquidators The estimated to realise value has been extracted from the valuation report for the purpose in the Statement of Affairs Plant and Equipment The Plant & Equipment has been subject to an independent valuation by the firm Charles Taylor, who have been provisionally instructed by the nominated liquidators The estimated to realise value has been extracted from the valuation report for the purpose in the Statement of Affairs Motor Vehicles The Motor Vehicle has been subject to an independent valuation by the firm Charles Taylor, who have been provisionally instructed by the nominated liquidators The estimated to realise value has been extracted from the valuation report for the purpose in the Statement of Affairs Stock The Stock has been subject to an independent valuation by the firm Charles Taylor, who have been provisionally instructed by the nominated liquidators +The estimated to realise value has been extracted from the valuation report for the purpose in the Statement of Affairs 3. Preferential creditors Where applicable, the Company's employees will be entitled to claim arrears of pay and holiday pay (subject to certain limits) from the Redundancy Payments Office ("RPO") (a government department) The RPO will then lodge a preferential clam against the Company in respect of the payments it has made Preferential claims have been estimated at Nil for the purposes of the statement of affairs Where applicable, employees will also be able to lodge redundancy claims and compensation claims as a result of not receiving statutory notice of redundancy with the RPO These claims will also be paid by the RPO (subject to certain limits), who will lodge an unsecured claim against the Company Signed Enh, Howl) 23 January 2013 Bridget Hewitt THE SEAT SURGEONS LIMITED APPENDIX It NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (Cont.) 4, Prescribed part The Insolvency Act 1986 provides that, where a company has created a floating charge after 15 September 2003, a prescribed part of the company's net property must be made available to the unsecured creditors and not be distributed to the floating charge holder except in so far as tt exceeds the amount required for the satisfaction of unsecured clams The net property represents the available assets after the costs and expenses of the insolvency process and after the discharge of preferential creditors’ claims The method of calculating the prescnbed part is given below Where the net property does not exceed £10,000 50% of that property Where the net property exceeds £10,000 50% of the first £10,000, plus 20% of the property which exceeds £10,000, up to a maximum prescribed part of £600,000 Based upon the information currently available, it is estimated that there will not be a prescribed part fund available in this case 5. HM Revenue & Customs -Corporation Tax The liability to HMRC in respect of unpaid PAYE, NIC and VAT has been extracted from the Company's books and records The outstanding liabilities are in respect of the following periods Corporation Tax - 2014 6. Trade and expense creditors Details of the Company's trade and expense creditors have been extracted from the Company's books and records A detailed list of these amounts has been provided at Appendix Ili The amounts shown should not be regarded as agreed Signed bndph HeretA 23 January 2013 Bridget Hewitt THE SEAT SURGEONS LIMITED APPENDIX Ili SCHEDULE OF CREDITORS See attached list Signed Ellp& Nowa), 23 January 2013 Bridget Hewitt B - Company Creditors Page 4 Code Name & Address . Amount of Debt C0001 TNT International £5,871 06 PO Box 186 Ramsbottom Bury BLO 9GR c0002 Sunroofs & Stripes Wales Limited £360 00 Units 25/28 Penmean Ind Est Pontllanfraith Blackwood Gwent NP12 2DZ C0003 Duncan Smith £720 00 Unit 6 Tomo Business Park Stowmarket Suffolk IP14 5EP 0004 Waterhouse £328 27 46 Bootham York YO30 7BZ C0005 Angel Springs Limited £62 89 Angel House Shaw Road Wolverhampton WV10 SLE C0006 Clearchaos Limited £72 00 15 Rowen Close Stockton on Tees TS17 5DX C0007 Haymarket Media Group £4,692 00 Haymarket Publishing Services Ltd Teddington Studios Broom Road Teddington Middlesex TW11 SBE C0008 N Power £13 43 Birch House Joseph Street Oldbury B69 2AQ Signature En dyd pends Date 23| \ \ Ks T676Q B - Company Creditors Page 2 Code Name & Address Amount of Debt cooog YDL £12 11 Yorkshire House Barton Hill Whitwell York YO6O 7JX C0010 Nan Shan Auto China Limited £17,750 00 103 West Wei Yi Road Dongzha Ind Zone Jiaxing City Zhejiang Province China 314060 C0011 MBNA £23,408 94 Po Box 1004 Chester Business Park Wrexham Road Chester CH4 SWW C0012 Lloyds TSB Bank Plc £72,097 00 C0013 HM Revenue & Customs £17,382 00 Durrington Bridge House Barrington Road Worthing West Sussex c0014 Clive Owen & Co £750 00 Oak Tree House Harwood Road Northminster Bus Park Upper Poppleton York YO26 8QU TOTAL CREDITORS’ CLAIM £143,519 70 snature dy Hebe pate 28} | 3 T676Q