Form 4 20 Rule 4 34 - CVL The Insolvency Act 1986 Statement of Company's Affatrs Pursuant to section 95/99 of the Insolvency Act 1986 For Official Use To the Registrar of Companies | | Company Number 08256501 Name of Company ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO I/We 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 20 January 2015 Signed ‘ Date 20 January 2015 Arkin & Co Maple House High Street > Potters Bar < a Hertfordshire w a ENG 5BS > =x Ee *A3ZLOFS8* A18 22/01/2015 #214 Ref J301IT/MA/RS/SU COMPANIES HOUSE Software Supplied by Turnkey Computer Technology Limited Glasgow Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO on the 20 January 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 YUCHAO HUAME, Signed GUNG Dated ao0foif 2015 Insolvency Act 1986 ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO Estimated Statement Of Affairs as at 20 January 2015 Book Value Notes Estimated to Realise £ £ £ ASSETS ; Cash in Hand \ 2,060 1,600 Novaworld Ltd 19,780 Uncertain 1,600 LIABILITIES PREFERENTIAL CREDITORS - Employee Arrears/Holtday Pay NIL 1,600 DEBTS SECURED BY FLOATING CHARGE PRE 15 SEPTEMBER 2003 OTHER PRE 15 SEPTEMBER 2003 FLOATING CHARGE CREDITORS NIL 1,600 Estimated prescribed part of net property where applicable (to carry forward) NIL 1,600 DEBTS SECURED BY FLOATING CHARGE POST 15 SEPTEMBER 2003 NIL 1,600 Estimated prescribed part of net property where applicable (brought down) NIL 1,600 Unsecured non-preferential claims (excluding any shortfail to floating charge holders) Trade & Expense Creditors (2) 45,366 aa HM Revenue & Customs - PAYE/NI 11,140 HM Revenue & Customs - VAT 43,429 on Director's Loan Account 4,800 104,735 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F C's post 14 September 2003) 103,135 Issued and called up capital Ordinary Shareholders 100 TOTAL DEFICIENCY 103,235 sone BAM Ms Yuchao Huarg Director Ital-Trade Restaurant Ltd T/A Fat Angelo Notes to Director's Estimated Statement of Affairs 1 Titus represents cash held by the director following the sale of the sale of the Company’ closing stock 2 This relates to the premium paid to Novaworld International Limited The Director has advised that under the terms of the licence agreement this has been forfeited as the Company ts in breach The licence agreement Is to be review by the liquidator to verify the position 3 No employee claims are anticipated 4 Section 176A (1)(a) requires liquidators to set aside the prescnbed part of the Company's net property for the satisfaction of unsecured debts "Net property" means the amount whih would, if it were not for this 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 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 maximum of £600,000) The liquidator will not be required to set aside the prescribed part if ' a The net property is 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 provision 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 so $176A(1)(a) does not apply in this instance 5 See attached schedule 6 This is the amount due to HM Revenue & Customs in respect of PAYE/NIC for the full period of trading 7 This is the amount due to HM Revenue & Customs in respect of VAT for the full period of trading 8 This ts the balance of funds loaned to the Company by the Director Ai V bo aunjeuBig P9'SEZ‘vOL BuljyejoL Saujuy ¢ 00 008’ XP VMN “Cpu ‘Apis}sa~A Bb Buen} CeuoNA SIA} O0AD LE SLL'Se V6 LLN ‘Uopuo7 ‘sgo6r XOg Od ‘Seley ssauisng youseg jo yBnolog uOpUOT 0019 Sv OFL'LL ZZ\| 863N ‘aUA, UOdN ayseomeN ‘UojJUsqbuUCT ‘mal, Wed UOJUEg ‘ZOET dd WY ‘NHOI SWOJSND 9 ONUdAeY WH LOHD cL 8Zr'er AVL 21 ‘JOodJeAq ‘JeoS sower ‘asnoy UeIBay ‘Jooj4 Ug ‘suolesadQ Aduanjosu| LVA - SWO)SND Y aNUaADY WH OOHOD OL SSL Lat 86H ‘weying ‘Moy aouapIAdsd od SUONEDIUNWWODE}a} YSNUg 00g) 3 ssouppy aweN hey sioyipaig Auedwod - gq OUFONV Lvd W/L G11 LNVYNVLS3SY JQVYL-TVLI OD 3 UDY Arkin & Co ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO Register of Shareholders No of Shares Key Name Pref Ordinary Other Total HHO0O Ms Yuchao Huang 0 100 0 100 1 Entries Totalling 0 100 0 100 if | I | L Signature , id: Y Page 1 of 1