Rule 4 34 Form 4.20 S.95/99 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 08229271 Name of Company {a) Insert full name of (a) FUTURE FEC LTD company (b) insert full name and IAW (B) addresses Stephen Franklin Panos Eliades Franklin & Co Olympia House Armitage Road London NW11 8RQ (c) Insert date the {iquidator(s) of the above-named company attaches a statement of the company’s affairs as at (c) 29 April 2014 Signed = ee 30 April 2014 — For Official Use Presenter’s name, Panos Eliades Franklin & Co Liquidation Section Post Room A aE address and reference (if any) Olympia House Armitage Road London NW11 8RQ 02/05/2014 #317 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs FUTURE FEC LTD Statement as to affairs of Future FEC Ltd on the 29th April 2014 being a date not more than 14 days before the date of the resolution for winding up Statement of Truth | belteve that the facts stated in this Statement of Affairs are true Full Name Allan Pearce Signed =e" Dated 29th April 2014 Future FEC Ltd A- Summary of Assets Book Value Estimated to Realise Assets. WIP 3,500 1,000 Book Debts 15,396 1,000 Estimated Total Assets available for Unsecured Non- Preferential Creditors 18,896 2,000 SIGNATURE DATE 29TH APRIL 2014 At — Summary of Liabilities Estimated to Realise Estimated Total Assets available for Unsecured Non-Preferential 2,000 Creditors (carried from page A) Liabilities Unsecured Non-Preferential Claims Accountancy 4,573 Loan 18,000 PAYE/NIC 7,905 Trade Creditors 32,602 VAT 33,831 (93,911) Estimated Deficiency as reqards Creditors (91,911) Issued and called up capital Ordinary 100 100) ESTIMATED TOTAL DEFICIENCY £ (91,911) slenaruRE aie DATE 29TH APRIL 2014 FUTURE FEC LTD Comments on the Directors’ Statement of Affairs The Statement of Affairs does not reflect the costs of insolvency and realisation Assets Debtors The books debts were factored to Ashley Commercial Finance Limited There are two remaining debtors, which are not subject to the factomng agreement, one for £1,396 and the other for £14,000 The Directors anticipate £1,000 will be recovered in respect of the first debtor However, the second debtor 1s refusing to pay anything as 1t is engaged in litigation with the Factors, Ashley Commercial Finance Limited Work-in-Progress Work-in-progress relates to one contract and the Directors anticipate £1,000 will be recovered Unsecured creditors Unsecured liabilities total £93,911 The amounts shown have been derived from the Company’s records and may not necessarily agree with your own records However, the amounts stated will not prejudice your claim as it will be agreed by the Liquidator in due course Creditors may also be entitled to claam VAT Bad Debt Relief on their claims £18,000 of the unsecured claims total relates to the funds that Alan Pearce, one the Directors, personally injected into the Company Shares The issued and fully paid up share capital 1s £100 resulting in an overall total deficiency of £91,911 SL zz9'L3 NC‘Z PON ‘auiysweyBunjoy ‘ayeysy jeujsnpu; paywry YOIMJO4 ‘€ ON PeOy AJBAU, ‘NOD SOW p UN suo]Nquysig jeoujoe|q yeduy ‘ GV $211 ‘|oodsenry ‘jeaug sawer ‘asnoy 08 0&8'ee3 ueiBay ‘s00|4 yg ‘(Aouanjosuy) suojesadg IVA SWOJSND F ENUEASY WH 7 ZZ\ 86N ‘aUAL uodn ayseoman bé 906 23 ‘uojuaqbue7 ‘mai, Weg UOJUag ‘ZOZE WOOY 'NHOI SWOISND B ENUBAeY WH . yor Py] JuaWyNJOSyY JsI|BIDadg Shey 9S vLO'ZS EL) ‘KauNg ‘UapIeW MAN ‘POY BqLUCDD FP-OF r4is93) 00 0825 ‘y9}890197] ‘YONOZ-e|-ap-Aqusy ‘suapled jepAy OL Susa}sAg JONUOD UBB 00 0zb'93 Lat L350 ‘aulysAquag ‘ayes seuy uouepinbry] uy - paywiry ‘uNOD Sawer 1S ‘ssno} JOWIAAIedoOD YNWS 0/9 suopeRIUOD jeoUs|y sNyn4 or BLL'€3 GH9 SON ‘weyBuoN ‘yoo:gheg ‘eens dojes SJOJIESS/OUAA [BOUO919 SYA AV9 SLM ‘auIysayud 95 €L93 ‘pioysinuy ‘aang uoWeL ‘asno} UospunwPy Py feouse/3 UospunlupS XZ SN1 ‘aiqeisung ‘sibay dT1 anspag 00 c6r3 uoyyBnoy Weg [EH UoYBNoY ‘asnoy xOIWWUeA, ‘ CNL 65 1S1'S3 OLON ‘weyBulyon ‘uojeg Bu07 ‘eag saWUe!D | PIT S12]2S9/0UMA (EOUI0G|3 Holy “ NvS yLON 00 000'8t3 ‘weyBuljon ‘eoXor uopng ‘peoy wey6unjon gzL soseed UElY 3 Udall Auunses Ayunseg AO} PID quewe|D jo anjen jeg Aq pjey Ayunses Aue jo sjieyaq | 3q9q Jo unowY (apoojsod yim) ssouppy 10 JOJIPIBID Jo owWeN uoissassod s,Auedwoo ay} ul ANadosd J9a0 ayy Jo UONUa}a1 GuiE|o ssoyipas9 pue Sadimas Jo Spoos jo Ajddns ayy Jo soueApe us pled sjunowe 6ulwieja sawojsno pue sjuswealbe ajes jeuON!puod JO GHulses) ;ayeyd ‘aseyoind-auly Japun sicypaso Aue Ajljuapi Pue SsO}Ipaz |e SPNjour Js NOA BION SYHOLIGSYD ANVdWNOD gq PLOZ WHdV HL6Z2 3ivd SYNLYNOSIS [o | gt tie'e63 | SWLOL | [o [ov ezg'13 10S LON ‘weYyBuINON ‘yjeModoy eUL ZZ | Buno, 18998H AHN | | vl G6LE'S3 Hr ZON ‘weysunion ‘peoy episaeq | pay soyddng jeouysayy yas) | [ 0 INS 9LON ‘auiysweyBunjon “UOXUlg $8 0113 ‘aje\Sq /EUYSNpU [JlY{OONg ‘peoy poomBuo7 SUBBIOSPUIM [EUOTEN 0 3 UaAID Aunseg J0}IPIID. quewiel Aunsasg jo anjeaA ajeq Aq piey Ayunses Aue jo sjiejag | 3q9q Jo junowy (apoojsod ym) ssosppy 10 JOVPSiy so awWeN uoissassod s Aueduioo 34} ul Auadoid JeA0 aij JO UOIUD}e BuUILUIE[> SJ0}IP319 pue SBdIAJas 10 spoofi so Ajddns ay) Jo soueApe ul pled syunowe Builmlels siawo}sno pue sjuawea6e ajes |2UOHIpUOD Jo Hulseay jayeyo ‘eseyound-auly sepuN S10}1PAI9 Aue Aynuapt pue ssojipais [je ApNjoul ysnw NOA BON SHOLIGAYD ANVdWOD ploc WddVH162 ALVvd SYNLYNSIS | OL Areuipio | YNQ SLON ‘weyBuijON ‘eUyoN} ‘sau UOSIPpy Le | yuequaeyw ewtug ] | 00 013 Aseulplo | NVS PLON ‘weuyGunon ‘soXor uoyng ‘peoy weYybulyON gZ1 | BULIq SUIBIO] | [ 00 OF3 | ov | og Aseuipuo, | NYS PLON ‘weuGuNon ‘aoKor uoping ‘peoy WeybuNoN gz1 | a0Jeoq UBlY | [ 00 0S3 1aquUaW anjeA JeUIWION Sa1eys Jo ‘ON aieys yo ody (epoojsod yyw) sseippy 40 Japjoyaseys jo aWeN SYASWAW ANVdWOD re]