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 08153922 Name of Company Sim Spot Limited AI We Edward T Kerr, Regent House, Clinton Avenue, Nottingham, NG5 1AZ lan J Gould, Regent House, Clinton Avenue, Nottingham, NG5 1AZ the liquidator(s) of the above named company attach a statement of the company affairs as at 27 April 2015 ? Signed oe; G— Date 27 April 2015 BDO LLP Regent House For | Use Clinton Avenue Insolvency Section Post Room Nottingham veneer ii a SATURDAY Software Supplied by Turnkey Computer Technology Limited Glasgow a reots #127 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Sim Spot Limited on the 27 April 2015 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 WAARK SAMES ONYE TT Signed Sa. Sy ONY * Dated 27/4¢1isS sim Spot Limited Statement Of Affairs as at 27 April 2015 A- Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge: Flight Simulator 68,894 00 50,000 00 Commercial Vehicle Solutions Limited (32,579 04) Surplus c/d oe 17,420 96 Assets subject to floating charge Uncharged assets: Furniture & Fittings 2,000 00 900 00 Cash at Bank 4,006 00 4,006 00 Estimated total assets available for preferential creditors 4,906 00 Signature Redan. Date _ 2DIF}AS SS SS Sim Spot Limited Statement Of Affairs as at 27 April 2015 At - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 4,906 00 Liabilities Preferential Creditors - NiL Estimated deficiency/surplus as regards preferential creditors 4,906 00 Debts secured by floating charge pre 15 September 2003 Other Pre 15 September 2003 Floating Charge Creditors NIL 4,906 00 Estimated prescribed part of net property where applicable (to carry forward) NIt Estimated total assets available for floating charge holders 4,906 00 Debts secured by floating charges post 15 September 2003 Nit Estimated deficiency/surplus of assets after floating charges 4,906 00 Estimated prescribed part of net property where applicable (brought down) NIL Total assets available to unsecured creditors 4,906 00 SURPLUS B/D 17,420 96 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade & Expense Creditors 32,636 05 Unsecured Directors 50,000 00 82,636 05 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F C's post 14 September 2003) (60,309 09) Estimated deficiency/surplus as regards creditors (60,309 09) Issued and called up capital Ordinary Shareholders 147,001 00 147,001 00 Estimated total deficiency/surplus as regards members (207,310 09) soe SEAS pate_ 22/4] 15 BDO LLP Sim Spot Limited A2 - Secured Creditors Statement of Affairs Figures Key Name € ccoo Commercial Vehicle Solutions Limited 32,579.04 t/a Close Brothers Commercial Vehicle Solutions, Lows Lane Stanton-by-Dale ilkeston Derbyshire DE? 4QU 1 Entnes Totalling 32,579.04 Signature STAN SN SI Page 1 of 1 {PS SQL Ver 2010 BDO LLP Sim Spot Limited A5 - Unsecured Creditors Statement of Affairs Figures Key Name £ CACO Angel Springs Limited 53 33 Angel House Shaw Road Wolverhampton WV10 9LE cco1 Rachel Carey 139 00 17 Warren Road Liverpool L23 6UA CEOO EDF Energy 263 28 671 052 165 621 40 Grosvenor Place London SW1X 7EN CHO01 HMRC (ICHU) CVL/WUC 000 Insolvency Claims Handling Umit (ICHU) Benton Park View Longbenton Newcastle NE98 1ZZ CKOO Knighton Leisure ( Nottingham) Limited 45 00 The Lost City The Cornerhouse Burton Street Nottingham NG1 4DB CLOO Land Securities Properties Limited 21,322 67 437316 5 Strand London WC2N 5AF CMOO 000 coo0 Mark J Onyett 25,129 06 Highfield Lodge 2 Cherry Tree Drive Plungar Nottingham NG13 OJN CP0O ProSim-AR B V. 3,703 71 Paradijslaan 18c, 3034 SM Rotterdam The Netherlands cT0o Tank PR 1,980 00 19 Stoney Street The Lace Market Nottingham NG1 1LP Signature “AQT SN * >) Page 1 of 2 S IPS SQL Ver 2010 BDO LLP Sim Spot Limited A5 - Unsecured Creditors Statement of Affairs Figures Key Name £ cwo0o Andrew J Wallace 30,000.00 Southfield Main Street Whatton Nottingham NG13 SEP 11 Entries Totalling 82,636.05 Signature SANGSN Page 2 of 2 iN SY IPS SQL Ver 2010 010Z 439A 10S Sdl + JO | a8eg NEN ew + QS SiN} eUBIS 001 ‘00Z‘r} Suyjjeyo, sauquy 9 o00‘o0s‘z oO 000‘00S‘Z 0 WIE PLAT ‘auysiaysen197 ‘Aeaqmow uorew ‘Aqied pio ‘aue] jadey> ‘deaq sxoy WUBUM WeW LOMH 001‘o0s‘z 0 ooL‘o0s‘zZ 0 NFO €9N ‘WeYsuig}ON “UeSUN)g ‘aAUg aa41 AuaYD Z ‘aBpo7 playysiy neAuo fF eW OOH o00‘o0L =o o00‘00z =o 3SG €ZON ‘STION SEMAN ‘UOjsa]}0Y ‘PRoY UOI}EIS ‘sa}qed YounyD ssapues d>eW = O0SH o00‘000'2 oO 000‘000'2 0 TH6 ELON “WeYsUIIION ‘“edueq ‘aue] MONILM EL YAM UeA CDIUaF—QOAH o00‘c0s‘e 0 ooo‘oos‘e 0 QV1 SON ‘WeYsULIION “WeYINN “peoy WeYBUITION 09]. uosyer yyetoqag = QOH o00‘00S‘E 0 o00‘o0s‘e 0 d36 ELON “WeYSUITION ‘uo}eYM ‘129115 ULeW ‘pyalyyinos a2e2M fF MeJpuy — OOMH JeJoL 49YIO PAO j?4d sseuppy oWeN hay ssapjoyaseys - > paywry yods wis d711 0a¢@ Sim Spot Limited Notes to the Directors Estimated Statement of Affairs 1. Introduction 11 The amounts included 1n the directors’ Statement of Affairs are subject to the costs and expenses of the realisation of assets, and to the costs of the Liquidation proceedings. 12 The information provided at the creditors’ meeting has been extracted from the Company’s financial books and records 2 ‘Flight Simulator 2.1. The Company owns a 2012 Boeing 737 NG flight simulator, which 1s subject to a contract hire agreement with Commercial Vehicle Solutions Limited (“CVS”) 2.2. The total amount outstanding to CVS, including termination and settlement charges, 1s advised by CVS to be £32,579 2.3. Agents John Pye & Sons Limited (“Pyes”) were instructed to independently value the flight simulator and are of the opinion that it has an in-situ value of £50,000. 3 Furniture & Fixtures 3.1. The Company also owns furniture and fixtures which has been valued by Pyes, on a forced sale basis, at £900 4 Cash at Bank 41. There is currently an amount of £4,006 held in the Company bank account at HSBC Bank Plc, which will be collected by the duly appointed Liquidator 5 Prescribed Part 51 Section 176A, Insolvency Act 1986 requires the Liquidator to set aside a prescribed amount of the Company’s “net property” towards the satisfaction of unsecured debts. Net property is the amount of property that would otherwise be avatlable for the satisfaction of holders of debentures secured by, or holders of, any floating charge created by the Company after 15 September 2003. 52 In this case, there 1s no floating charge holder and therefore, the Prescribed Part does not apply. 6 Non Preferential Creditors 61 The trade and expense creditors are shown on the attached schedule. Claims are subject to adjudication by the duly appointed Liquidator 6.2. Directors Loan Account 621 The Company records indicate that Mark Onyett and Andrew Wallace are owed £20,000 and £30,000 respectively in relation to their loan accounts Inclusion in the Statement of Affairs does not constitute acknowledgement of a claim against the Company. It will be the responsibility of the Liquidator, when appointed, to agree the claims of creditors.