Rule 4.34-CVL The Insolvency Act 1986 Form 4 20 Statement of Company’s Affairs Pursuant to Section 95/99 of the 8.95/99 Insolvency Act 1986 To the Registrar of Companies For Official Use Company Number 08330778 Name of Company a) Insert full name of © company © R W Clothing Limited (b) Insert full name I/We © Alex Kachani and address of Crawfords Accountants LLP, Stanton House 41 Blackfriars Road Salford Manchester, M3 7DB Insert dat (c) Insert date the Liquidator(s) of the above named company attach a statement of the company’s affairs as at © 25 February 2015 Signed (Veet Date 25 February 2015 The presenter’s name, Crawfords Accountants LLP For Official Use address and reference Stanton House Liquidation Section Post Room 41 Blackfriars Road “csc Salford a ST Manchester M3 7DB 03/03/2015 #155 COMPANIES HOUSE Rule 4.34-CVL Form 4.19 Statement Of Affairs IN THE MATTER OF R W CLOTHING LIMITED and IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to the affairs of R W Clothing Limited on the 25 February 2015 the date of the resolution for winding up Statement of Truth I/We Mr Awais Hussain of 25 Firswood Mount, Gatley, Cheadle, Cheshire, SK8 4JY Make a Statement of Truth and say that the several pages exhibited hereto and marked “AHI” are to the best of my knowledge and beliefa full, true and complete statement as to the affairs of the above named company as at 25 February 2015 the date of the resolution for winding up and that the said company carried on business as Clothing on-line retailer Signature A . Be Date 25 February 2015 IN THE MATTER OF R W CLOTHING LIMITED This 1s the exhibit marked “AHI” referred to in the Statement of Truth of Mr Awais Hussain A —- Summary of Assets ASSETS Book Value | Estimated to Realise Assets specifically pledged:- £ £ Assets not specifically pledged:— Estimated total assets available for creditors NIL NIL Signature ! L i { Date uw) is Summary of Assets (7/98) Al —Summary of Liabilities Estimated to Realise Estimated total assets available for NIL creditors (from Summary of Assets) Liabilities Estimated surplus as regards creditors NIL Debts secured by a floating charge:— Estimated surplus of assets available for non-preferential creditors NIL Non-preferential claims:— £ Trade creditors per schedule 65,543 Crown creditors per schedule (Est) 2,000 Bank creditor 666 Director’s loan account 2,661 70,870 Estimated deficiency as regards creditors £ Issued and called-up capital:- ] 1 Estimated deficiency as regards member 70,871 Signature At Date 25} is Summary of Liabihttes (7/98) R_W Clothing Limited Notes to the Statement of Affairs 1 The director advises that there were no company assets at the date of the liquidation 2 Claims of creditors are subject to agreement in due course The amounts stated will not prejudice your claim which will be agreed, 1f appropriate, by the Liquidator im due course No provision has been made in respect of claims by employees under the terms of the Employment Rights Act 1996 Section 176A of the Insolvency Act 1986 (as amended) requires the Liquidator to set aside a percentage of a company’s assets for the benefit of the unsecured creditors in cases where the company gave a “qualifying floating charge” over its assets to a lender on or after 15 September 2003 This is known as the “prescribed part of the net property” A company’s net property 1s that left after paying the preferential creditors, but before paying the lender who holds a floating charge A Liquidator has to set aside - * 50% of the first £10,000 of the net property, and * 20% of the remaining net property up to a maximum of £600,000 There ts no qualifying floating charge in this case so the prescribed part provisions do not apply In cases, the register of mortgages and charges records a rent deposit deed created on 18 February 2013 and registered on 4 March 2013 tn favour of Lee-Mar Estates Limited It is understood there 1s an outstanding debt of £4,662 36 Subject to the costs and expenses of the winding up Subject to the verbal explanations to be given at the meeting of creditors 25 February 2015 Estimated Deficiency Account £ Amounts written off assets Profit and Loss Account — 30 November 2013 2,542 Estimated trading losses for the period from | December 2013 to cessation 68,329 Estimated Total Deficiency as per Statement of Affairs 70,87 RW CLOTHING LIMITED Schedule of Trade Creditors £ Digital Window Limited, 3rd Floor, 100 Lehman Street, London, El 8EU 3,821 53 Express Logistics Solutions Ltd, Unit 2 Alpha Court, Capitol Park, Thorne, DN8 5TZ 1,625 80 B&M Waste Services Limited, Iris House Dock Road South, Bromborough, Wirral, CH62 100 00 48Q BT, Department W, Durham TE, Providence Row, Durham, DH] IRR 100 00 The Digital House Limited, 30 Tower View, Kings Hill, Kent, ME19 4UY 2,511 76 H247, Innovation Centre, Innovation Way, York, YO10 5DG 484 62 Lee Mar Estates, Pear Mill Industrial Estate, Stockport Road West, Lower Bredbury 4,662 36 Stockport, SK6 2BP Mailing Manager, 15/16 Moulton Park Office, Village, Scirocco Close, Northampton, 900 00 NN3 6AP Mint Candy, Unit 3A Monument Offices, Maldon Road Woodham Mortimer, Maldon, Essex, 1,100 00 CM9 6SN Silver Bean, The Kiln, Walker Road, Newcastle upon Tyne, NE6 2HL 3,628 59 Stylefruits GmbH, Sonnenstrasse 31, D-80331 Munchen, Germany 45,000 00 My Unidays, 2 Castle Boulevard, Nottingham, NG7 IFB 1,607 92 65,542 58 Schedule of Crown Creditors HM Revenue & Customs Central National Insolvency Unit 5th Floor Regian House £ James Street Liverpool L751AD Ref 159 6344 77 (Est) 1,000 00 H M Revenue & Customs Ref PAYE/NIC_ Ref _120/FA93012 1,000 00 2,000.00 Bank Creditor £ Barclays Bank Plc, Business Banking, Leicester, LE87 2BB 666 75 Ref 23395669, 43049361, 53431061 / 20-82-14 666.75 Director’s Loan Account £ Awais Hussain, 25 Firswood Mount, Gatley, Cheadle, Cheshire, SK8 4JY 2,661 00 2,661.00 Total (Unsecured) 70,870.33