Form 4 20 Rule 4 34 - CVL 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 08145476 Name of Company PRIMIER FOOD PACKAGING LIMITED 1/ Wer Mehmet Arkin Maple House High Street Potters Bar Hertfordshire EN6 5BS the liquidator(s}of the above named company attach a statement of the company affairs as at 19 February 2014 Signed Date 21 February 2014 —— : Arkin & Co Maple House For Official Use High Street Insolvency Section | Post Room Potters Bar Hertfordshire EN6 5BS TUESDAY Ref F279PR/MA/RS “A32GW84H* Software Supplied by Turnkey Computer Technology Limited Glasgow A30 25/02/2014 #181 COMPANIES HOUSE Section 98 Statement of Affairs IA 1986 Insolvency Act 1986 In the MATTER OF PRIMIER FOOD PACKAGING LIMITED Statement of Truth | believe that the facts stated- a) inthis Statement of Affairs, and b) in the continuation sheets, are true ruunme [MAN I Oe cua ft- C2. /Y Insolvency Act 1986 Primier Food Packaging Limited Estimated Statement Of Affairs as at 19 February 2014 Book Value Notes Estimated to Realise £ £ £ ASSETS Cash at Bank 120 1 120 LIABILITIES PREFERENTIAL CREDITORS - Employee Arrears/Holiday Pay 2 120 DEBTS SECURED BY FLOATING CHARGE PRE 15 SEPTEMBER 2003 OTHER PRE 15 SEPTEMBER 2003 FLOATING CHARGE CREDITORS NiL 120 Esttmated prescribed part of net property where applicable (to carry forward) 3 NIL 120 DEBTS SECURED BY FLOATING CHARGE POST 15 SEPTEMBER 2003 NIL 120 Estimated prescribed part of net property where applicable (brought down) NIL 120 Unsecured non-preferentiai claims (excluding any shortfall to floating charge holders) H M Revenue & Customs - VAT 4 176,205 Director's Loan Account - Ivan Ivanov 5 4,800 Estimated deficiency as regards non-preferential creditors 181,005 (excluding any shortfall in respect of F C's post 14 September 2003) 180,885 Issued and called up capital Ordinary Shareholders TOTAL DEFICIENCY 4 4 180,886 Signed / Cof/ Mr Ivan Petkov Ivanov Director Primier Food Packaging Limited Notes to Director's Estimated Statement of Affairs 1 There are no accounts avatlable and the director, Mr !van Ivanov, has advised that there are no assets of which he is aware 2 There are no employee claims 3 Section 176A (1)(a) requires liquidators to set aside the prescribed part of the Company's net property for the satisfaction of unsecured debts "Net property” means the amount which would, if it were not for this provision, be available to floating charge holders (1 ¢e after accounting for preferential debts and the costs of realisation) and if the floating charge was created on or after 15 September 2003 The “prescribed part” is 50% of the first £10,000 and 20% of the remaining net property (up to a maxmum of £600,000) The liquidator will not be required to set aside the prescribed part if a The net property ts less than £10,000 and he thinks that the cost of distributing the prescribed part would be disproportionate to the benefit, or b If the net property ts more than £10,000, if the proviston is disapplied by the Court on the application of the liquidator on cost-benefits grounds If the floating charge was created before 15 September 2003 there is no net property and, consequently, no prescribed part of net property There are no charges registered against the Company and this provision does not therefore apply in this Instance 4 This is the amount due to HM Revenue & Customs in respect of VAT relating to quarters from January 2013 to cessation of trading 5 This 1s the balance due to the director, Mr Ivan lvanov, from personal funds provided to meet the costs of convening the meeting of members and creditors / aunyeuBbig S6 700'LSL Buiyjejyo] Saujuy Z 00 008'r HaS ZZN ‘uopuo’] ‘anusay puojpues eve AQUBAT UBA| JIN 001d §6 70Z‘9Z1 OV! p27 ‘looduear] eas sewer ‘asnoy uelBay “Oo|4 ug ‘suoesadg AouaAjosu| IVA - swoisn9 9 enuBAdY WH OOHO 3 ssoippy awey hey sioyipeig Auedwios - q GSLINI ONIDVNOWd GOO YaININd 09 8 UDLY 92 SL pLOz Auenigas 6L 0102 48A 10S Sd t jo | aBeg PV) aimeubig Bujejyo, saiajuq 4 L 0 t ) H3S ZZN ‘vopuoy ‘enuaay psojpues eZE AQUBA| AOWSd URAL OOH [e301 J2UNIO PIO Jad ssauppy aweNn hoy . siapjoyaieys - 9 GALINIT ONIDVMOVd GOOS YaIWIdd 09 2 UDLY