Rule 4 34-CVL The Insolvency Act 1986 Form 4 20 5.95|99 STATEMENT OF COMPANY'S AFFAIRS Pursuant to Section 95/99 of the insolvency Act 1986 For official use Company Number To the Registrar of Companies Company Number GREYSTONE & CO LIMITED [Insert full name(s) and address(es)] 1 JM Titley and M Maloney the Joint Liquidators of the above named Company, attach a statement of the Company's affairs as at 13 February 2015 Signed Jyeuy Date 13 February 2015 Presentor's name, address and reference (if any) For official use Leonard Curtis Hollins Mount Hollins Lane Bury BL9 8DG For official use *AA1IS84A" A20 48/02/2015 #220 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of GREYSTONE & CO LIMITED on the 13 February 2015 being a date not more than 14 days before the date of the resolution for winding up Statement of truth | beleve that the facts stated in this Statement of Affairs are true Fullname DANIO Ge — Cy Signed OS Dated R\2 | S CVLMF419 06-04-10 GREYSTONE & CO LIMITED APPENDIX | DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 13 FEBRUARY 2015 Book value Estimated to Realise Note £ £ £ Assets Specifically Pledged 1 Nil None Less None (Nu) Surplus / (Shortfall) c/fwd (Nil} Assets Not Specifically Pledged Goodwill 45,752 Debtors / Retentions 70,939 mh PF Plant & Machinery 2,985 Fixtures and Fittings 343 Office Furniture and Equipment 1,425 Ny 121,444 35,469 Preferential Creditors Employee Claims / ERA 2006 Claims (est ) (1,000) (1,000) Net Property available for Prescribed Part 120,444 34,469 Less Prescnbed Part (N/a) (Nia) Available for Floating Charge Creditor 120,444 34,469 Shortfall b/fwd (Nil) (Nil) Surplus / (Shortfall) c/fwd 120,444 34,469 Add Prescnbed Part Nia Nia Available for Ordinary Unsecured Creditors 120,444 34,469 Ordinary Unsecured creditors Employee Claims / ERA 2006 Claims (est ) (19,000) w H MRevenue & Customs - PAYE / NI (est) (5,574) ono H MRevenue & Customs - VAT (est ) (14,620) Directors’ Loans / Connected Creditors (est ) (54,595) NSO Trade and Expense Creditors (est ) (64,907) Total Ordinary Unsecured Creditors (158,696) (158,696) Estimated Deficiency as regards Creditors (38,252) (124,227) Issued share capital (100) (100) Estimated Deficiency as regards Members (38,352) (124,327) oes 13 February 2015 Mr David Gates GREYSTONE & CO LIMITED APPENDIX II NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company’s latest financial information or from valuations obtained from independent valuation agents It should be noted that no provision has been made for the costs of preparation of the same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the Liquidation Assets Specifically Pledged There are no assets which are specifically pledged Assets Not Specifically Pledged Goodwill The Financial Statements for the year ended 30 November 2013 show that Goodwill had a book value of £45,752 The estimated to realise value has been shown as £Nil for the purposes of the statement of affairs Debtors/Retentions The book value of Debtors / Retentions has been provided from information in the books and records and from information provided by the directors A general provision of 50% has been made in respect of bad / doubtful debts for the estimated to realise value for the purposes of the statement of affairs Plant & Machinery The book value of Plant & Machinery has been extracted from the Company's balance sheet as at 30 November 2013, the estimated to realise value has been shown as ENil for the purpose of the Statement of Affairs as it is understood the Plant and Machinery has been disposed of Fixtures and Fittings The book value of Fixtures and Fittngs has been extracted from the Company's balance sheet as at 30 November 2013, the estimated to realise value has been shown as £Nil for the purpose of the Statement of Affairs as it ts understood that the Fixtures and Fittings have been disposed of Office Furniture & Equipment The book value of Office Furniture and Equipment has been extracted from the Company's balance sheet as at 30 November 2013, the estimated to realise value has been shown as £Nil for the purpose of the Statement of Affairs as itis understood that the Office Furniture and Equipment have been disposed of Employee Claims / ERA’2006 Claims (est.) Where applicable, employees will be entitled to make claims (subject to certain limits) under the Employment Rights Act 2006 (ERA’2006) from the government department known as the Redundancy Payments Service (“RPS”) The Employee claims may include arrears of pay, holiday pay, compensation In lieu of notice and redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will then lodge a claim against the Company in respect of the payments it has made Employee Claims / ERA’2006 have been estimated for the purposes of the statement of affairs and are not considered as agreed amounts \W—s Signed SSS = 13 February 2015 Mr David Gates GREYSTONE & CO LIMITED APPENDIX Il NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont } Prescribed Part As the Company has no unsatisfied post-Enterprise Act charges, there will be no requirement to set aside a prescribed part tn this case The method of calculating the prescribed part is given below Where the net property does not exceed £10,000 (the prescnbed minimum) it may be considered that the cost of making a distnbution ts disproportionate to the benefits and no prescnbed part is required to be set aside Where the net property exceeds £10,000 the prescribed part Is calculated at a value of 50% of the first £10,000 plus a further 20% of the net property which exceeds £10,000, up to a maximum prescribed part of £600,000 HM Revenue & Customs - PAYE / NI & VAT The hability to HMRC in respect of unpaid PAYE, NIC and VAT has been extracted from the Company's books and records as provided by the directors and / or the Company's advisors The outstanding liabilities are in respect of the following periods PAYE INIC - 2013/2014 VAT ~ 2013/2014 Directors’ Loans / Connected Creditors Details of the directors’ loan accounts / connected creditors have been extracted from the Company's books and records as provided by the directors and / or the Company's advisors A detailed list of these amounts has been provided at Appendix II! The amount shown as claimed by Mr A Chalmers is disputed and all amounts shown as due as directors’ loans / connected creditors should not be regarded as agreed amounts Trade and Expense Creditors Details of the Company's trade and expense creditors have been extracted from the Company’s books and records as provided by the directors and / or the Company's advisors A detailed list of these amounts has been provided at Appendix I!! The amounts shown should not be regarded as agreed = 7; ee Signed SS 13 February 2015 Mr David Gates GREYSTONE & CO LIMITED APPENDIX Ill SCHEDULE OF CREDITORS See attached list (am Signed SSS 13 February 2015 Mr David Gates B - Company Creditors G810Q Greystone & Co Limited Code Name & Address Amount of Debt c0001 Natwest 21,055 00 Floor4 1 Hardman Boulevard Manchester M3 3AQ C0002 Broken Cross Paint and Wallpaper 797 48 5 Chelford Road Macclesfield Cheshire SK10 3LG C0003 Builders Store Limited 328 42 Unit E11 Countess Avenue Stanley Green Trading Estate Cheadle Hulme Cheshire SK8 6QS C0004 Cheshire Cabinets Limited 235 74 Unit 7 (3-4) Waterside Mill Waterside Macclesfield Cheshire SK11 7HG C0005 City Electrical Factors Limited 86 97 Hulley Road Hudersfield Ind Est Macclesfield Cheshire SK10 2LP c0006 Crown Decorating Centre 313.57 Po Box 4 Crown House Hollins Road Darwen Lancashire BB3 0BG C0007 Dulux Decorator Centre 1,044 53 Units 1 & 2 Brookside Ind Est Waterloo Road Stockport Cheshire SK1 3BX C0008 East Cheshire Glass 90 00 Byron House London Road Macclesfield Cheshire SK11 7QX C0009 Jewson Limited 99 69 P & A Partnership Limited 93 Queen Street Sheffield St 1WF Signature SSS 375 fo Sate bls G810Q B - Company Creditors G810Q Greystone & Co Limited Code Name & Address Amount of Debt C0010 Great Enterprise Company Limited 1,041 34 Fence House Fence Avenue Macclesfield Cheshire SK10 1LT coo11 Henshaws 332 00 150 Moss Lane Macclesfield Cheshire SK11 7XF C0012 Heatons Office Solutions Limited 48 49 Unit 2 Macclesfield Cheshire SKi0 1LT C0013 Hilts Panel Products Limited 1,182 79 Scottfield Road Oldham OL8 1LA c0014 Howdens Joinery Company Limited 714 02 Caswell House Gowerton Road Brackmills Northampton c0015 Hingworth Ingham Limited 204 16 Hulley Road Hurdsfield Ind Est Macclesfield Cheshire SK10 2LP C0016 International Decorative Surfaces 979 76 London Road Chesterton Newcastle Under Lyme Staffordshire ST5 7PL C0017 Kenyons 734 76 73 Great King Street Macclesfield Cheshire SK11 6PN C0018 Macclesfield Tile Centre 203 08 7-9 Windmill Street Macclesfield Cheshire c0013 MKM Building Supplies Limited 1,556 91 Queens Avenue Macclesfield Cheshire SK10 2BN = : — ~~ Signattre Sar Date g ———— a G810Q Page 2/4 B - Company Creditors G810Q Greystone & Co Limited Code Name & Address Amount of Debt c0020 PJH Group 302 54 Bradley Fold Ind Est Radcliffe Moor Road Bradley Fold Bolton BL2 6RT c0021 Proquant Estimating Limited 288 00 Silk Point Queens Avenues Macclesfield Cheshire SK10 2BB c0022 Robert Lee Distribution Limited 173 34 Riverside Place Lea Road Waltham Abbey Hertfordshire EN9 1AS C0023 Skippy Nationwide 2,328 00 Nationwide House Stafford Park 7 Telford Shropshire TF3 3BQ C0024 Technik Computers 4200 13 Queen Victoria Street Macclesfield Cheshire SK11 6LP C0025 Tile Giant Limited 57 62 Po Box 5227 Northampton NN5 7ZE C0026 Topps Tiles Limited 1,237 20 Unit Q Oak Green Business Park Earl Road Cheadle Hulme Cheshire SK8 6QL C0027 UK Plaster Products 32 40 167/93 Chorley New Road Horwich Bolton BL6 5QE C0028 Waterline Limited 7,828 09 Crown House Edgefold Ind Est Bolton BL4 OLR c0029 Sage UK Limited 264 53 North Park Newcastle Upon Tyne NE13 GAA Se Signatures. SS \ she lis G810Q Page 3/4 B - Company Creditors G810Q Greystone & Co Limited Code Name & Address Amount of Debt C0030 Mr A Chalmers 21,305 00 72 Hill Top Ave Cheadle Hulme Cheshire SK8 7JA C0031 HM Revenue & Customs 5,574 00 Insolvency Claims Handling Unit Benton Park View Longbenton Newcastle NE98 1ZZ C0032 HM Revenue & Customs 14,620 00 Insolvency Claims Handling Unit Benton Park View Longbenton Newcastle NES8 12Z C0033 Mr and Mrs Gates 54,595 18 6 Yew Tree Park Road Cheadle Hulme Cheshire SK8 7EP C0034 Redundancy Payments Service 1,000 00 83 -85 Hagley Road Colbalt Square Birmingham C0035 Redundancy Payments Services 19,000 00 83-85 Hagley Road Cobalt Square Birmingham £159,696 61 eqn ieee ib Date shel G810Q