Rule 4.34-CVL The Insolvency Act 1986 Form 4.20 Statement of Company’s Affairs Pursuant to Section 95/99 of the S. 95/99 Insolvency Act 1986 To the Registrar of Companies For Official Use Company Number 08078516 Name of Company (a) Insert full name of company Ar Yuen Limited (b) Insert full name I/We © David N Kaye and address of Crawfords Accountants LLP, Stanton House 41 Blackfriars Road Salford Manchester, M3 7DB (c) Insert date the Liquidator(s) of the above named company attach a statement of the company’s affairs as at ©) 7 November 2013 Signed AN Date 7 November 2013 ‘The presenter’s name, Crawfords Accountants LLP For Official Use address and reference Stanton House Liquidation Section Post Room ae 41 Blackfriars Road Salford wun Manchester M3 7DB tantoot #323 COMPANIES HOUSE Rule 4.34-CVL Form 4.19 Statement Of Affairs IN THE MATTER OF Ar Yuen Limited and IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to the affairs of Ar Yuen Limited on the 7 November 2013 the date of the resolution for winding up Statement of Truth I/We Mr Ngau Cheung of 77 High Street, Uppermill, Oldham, OL3 6AP Make a Statement of Truth and say that the several pages exhibited hereto and marked “NC1” 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 7 November 2013 the date of the resolution for winding up and that the said company carried on business as Restaurant Signature Mp Gy Vv Vv Date 7 November 2013 IN THE MATTER OF Ar Yuen Limited This 1s the exhibit marked “NC1” referred to in the Statement of Truth of Mr Ngau Cheung A — Summary of Assets ASSETS Book Value | Estimated to Realise Assets specifically pledged:- £ £ None None Assets not specifically pledged:— Funds in Hands of Accountant 7,200 7,200 Estimated total assets available for preferential creditors 7200 rt Signature an Date Summary of Assets (7/98) Al — Summary of Liabilities Estimated to Realise Estimated total assets available for preferential £ 7,200 creditors (from Summary of Assets) Liabilities Preferential Creditors:— £ Nil Nil Estimated surplus as preferential creditors £ 7,200 Debts secured by a floating charge:— Nil Estimated surplus of assets available £ 7,200 for non-preferential creditors Non-preferential claims:— £ Trade creditors per schedule 63,133 Crown creditors per schedule 19,624 82,757 Estimated deficiency as regards creditors £ 75,557 £ Issued and called-up capital:- 100 100 Estimated deficiency as regards members £ 75,657 Signature in Date ~ Summary of Liabilities (7/98) Ar Yuen Limited t/a Pacific Restaurant Notes to the Statement of Affairs Estimated to realise value of assets at valuation of director Claims of creditors are subject to agreement in due course The amounts stated will not preyudice your claim which will be agreed, 1f appropriate, by the Liquidator in due course No provision has been made 1n respect of claims by employees under the terms of the Employment Rights Act 1996 No account has been taken of any clatms by creditors under a Retention of Title clause Section 176A of the Insolvency Act 1986 (as amended) requires the Liquidator to set aside a percentage of a company’s assets for the benefit of the unsecured creditors im cases where the company gave a “qualifying floating charge” over its assets to a lender on or after 15 September 2003 This ts known as the “prescribed part of the net property’ A company’s net property 1s that left after paying the preferential creditors, but before paying the lender who holds a floating charge A Liquidator has to set aside - * 50% of the first £10,000 of the net property, and * 20% of the remaining net property up to a maximum of £600,000 There ts no qualifying floating charge 1n this case so the prescribed part provisions do not apply Subject to the costs and expenses of the winding up The debt stated in respect of Manchester City Council for business rates 1s for the full year 2013/2014 and will be pro-rated to the date of liquidation 1f a new tenant enters the premises No deficiency account has been prepared to demonstrate the estimated trading loss for the year 22 May 2012 to 7 November 2013 The reason for this is that there are no opening figures on which to base that exercise It must therefore be assumed that, subyect to the effect of any pro-rating referred to at note 7 above, the trading loss for the period will be broadly equivalent to the estimated deficiency as regards editors of CICULoTs Gi £75,557 Ar Yuen Limited t/a Pacific Restaurant Schedule of Creditors Trade Creditors £ British Gas Business, c/o Baker Tilly, Salisbury House, 31 Finsbury Circus, London, EC2M 5SQ 16,471 37 Ref _A4051548 / 4098889 CK Wong & Co, 40 Princess Street, Manchester, ml 6DE 720 00 E-on, PO Box 123, Nottingham, NG 6HD 7,097 09 Ref 1368266190 Manchester City Council, Business Rates Service, Revenues and Benefits Unit, PO Box 466, Manchester, 38,238 87 M16 6AT Note7 Ref 701451518 Metropolitan Drinks Co, Riverside, Dukinfield, Cheshire, SK16 4HE 106 58 Ref PAC 009 Rehman & Co, 66 Seymour Grove, Old Trafford, Manchester, M16 0LN 500 00 Total Amount’ 63,133 91 Crown Creditors £ H M Revenue & Customs, Durrington Bridge House, Barrington Road,, Worthing, BN12 4SE H M Revenue & Customs, NI Contributions Office, Insolvency Longbenton, Newcastle upon Tyne, 10,550 08 NE98 1ZZ Ref 120/ZA75465 HM Revenue & Customs, Nationa! Insolvency Unit, 5th Floor Regian House, James Street, Liverpool, 9,074 20 L75 1AD Ref 137 2503 32 Total Amount: 19,624 28