Rule 4.34-CVL The Insolvency Act 1986 Form 4.20 Statement of Company’s Affairs Pursuant to Section 95/99 of the S. 95/99 Insolvency Act 1986 To the Registrar of Companies For Official Use Company Number 08369961 Name of Company (a) Insert full name of company ® WWW LOVE2SLEEP CO UK LIMITED (b) Insert full name VWe Alex Kachan and address of Crawfords Accountants LLP, Stanton House 41 Blackfriars Road Salford Manchester, M3 7DB (c) Insert date the Liquidator(s) of the above named company attach a statement of the company’s affairs as at © 30 January 2014 Signed Va Date: 30 January 2014 The presenter’s name, Crawfords Accountants LLP For Official Use address and reference Stanton House Liquidation Section Post Room 41 Blackfriars Road Salford Manchester M3 7DB THURSDAY *A31M86CZ* A0S 13/02/2014 #183 COMPANIES HOUSE Rule 4.34-CVL Form 4.19 Statement Of Affairs IN THE MATTER OF WWW.LOVE2SLEEP.CO.UK LIMITED and IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to the affairs of WWW LOVE2SLEEP CO UK LIMITED on the 30 January 2014 the date of the resolution for winding up Statement of Truth 1/We Mrs Ayesha Khan of | Saltire Gardens, Salford, Manchester, M7 4BG Make a Statement of Truth and say that the several pages exhibited hereto and marked “AK1” 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 30 January 2014 the | date of the resolution for winding up and that the said company carried on business as Supplier of pillows/duvets Signature py ee Gam . § Date 30 January 2014 IN THE MATTER OF WWW.LOVE2SLEEP.CO.UK LIMITED This 1s the exhibit marked “AK 1” referred to in the Statement of Truth of Mrs Ayesha Khan NS TT A~ Summary of Assets ASSETS Book Value | Estimated to Realise Assets specifically pledged:- £ £ Assets not specifically pledged:— Cash in Hands of Accountants 2,000 2,000 Estimated total assets available for creditors 2,000 2,000 Signature world ce, ( Date Summary of Assets (7/98) Al -Summary of Liabilities Estimated to Realise Estimated total assets available for 2,000 creditors (from Summary of Assets) Liabilities Estimated surplus as regards creditors 2,000 Debts secured by a floating charge:— Estimated surplus of assets available for non-preferential creditors 2,000 Non-preferential claims:— £ Trade creditors per schedule 21,000 Crown creditors per schedule 400 Bank creditor 32 Director’s loan account 12,829 34,261 Estimated deficiency as regards creditors 32,261 £ Issued and called-up capital:- 100 100 Estimated deficiency as regards member 32,361 Signature pea Oo Date Summary of Liabilities (7/98) WWW.LOVE2SLEEP.CO.UK LIMITED Notes to the Statement of Affairs 1 The director advises that there are no company assets at the date of the Liquidation other than a cash balance of £2,000 which has been transferred to Crawfords’ trust account pending the appointment of a Liquidator and is shown as cash in hands of accountants on the Statement of Affairs. 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 in due course 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 tts assets to a lender on or after 15 September 2003 This 1s 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 is no qualifying floating charge in thts case so the prescribed part provistons do not apply Subject to the costs and expenses of the winding up Subject to the verbal explanations to be given at the meeting of creditors 30 January 2014. Estimated Deficiency Account £ £ Amounts written off assets’ Book Value 2,000 Estimated to Realise 2,000 NIL Profit and Loss Account ~ 31 October 2013 30,509 Estimated trading losses for the period from 1 November 2013 to cessation 1,852 Estimated Total Deficiency as per Statement of Affairs 32,361 WWW.LOVE2SLEEP.CO.UK LIMITED Schedule of Trade Creditors £ Duvet Pillow & Linen Co. Ltd, 54 Red Bank , Manchester M8 8QF (Est) 20,000 00 M Salim & Co, Lord House, 51 Lord Street, Off Cheetham Hill Road, Manchester, M3 1,000 00 IHE 21,000 00 Schedule of Crown Creditors HM Revenue & Customs, Central National Insolvency Unit, 5th Floor Regian House, £ James Street, Liverpool, L75 1AD [VAT] Ref 164 1585 06 400 00 400 00 Bank Creditor £ Royal Bank of Scotland Plc, Manchester Business Team, Ground Floor, 38 Mosley 32 52 Street, Manchester, PO Box 5431, M61 OHY Ref 161611 11140204 & 11147764 32 52 Schedule of Director’s Loan Account £ Ayesha Khan, | Saltire Gardens, Salford, Manchester, M7 4BG 12,829 00 12,829 00 Total 34,261 52