Rule 4.34-CVL Form 4.20 The Insolvency Act 1986 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 08385452 Name of Company (a) Insert full name of company Cibo Restaurants Limited (b) Insert full name I David N Kaye of Crawfords Accountants LLP and address Stanton House 41 Blackfnars Road Salford Manchester M3 7DB {c) Insert date the Liquidator of the above named company attach a statement of the company’s affairs as at 15 January 2014 Signed By Date 15 January 2014 Presenter’s name, wr Crawfords Accountants LLP [ For Offictal Use address and reference Stanton House Liquidation Section Post Room 41 Blackfriars Road Salford WEDNESDAY Manchester M3 7DB C563/5/DNK/KLB 22/01/2014 COMPANIES HOUSE . Rule 4.34-CVL Form 4,19 Statement Of Affairs No of In The IN THE MATTER OF Cibo Restaurants Limited and IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to the affairs of Cibo Restaurants Limited on the 15 January 2014 the date of the resolution for winding up Statement of Truth I, 2 Mr Adam Karim of Whittle Fold Farm, Whittle, Birch, Heywood, OL10 2RD | | Make a Statement of Truth and say that the several pages exhibited hereto and marked “AK1” are to the best of my knowledge and belief a full, true and complete statement as to the affairs of the above named company as at 15 January 2014 the date of the resolution for winding up and that the said company carried on business as Restaurant Signature Date \S [ale rot | IN THE MATTER OF Cibo Restaurants Limited This 1s the exhibit marked “AK1” referred to in the Statement of Truth of Mr Adam Karim A~ Summary of Assets ASSETS Book Value | Estimated to Realise Assets specifically pledged:- £ £ Assets not specifically pledged:— Funds 1n hands of accountants 6,700 6,700 Fixture and fittings Note 7 137,413 500 Estimated total assets available for preferential creditors 7,200 Signature i Date s\s Wy Summary of Assets (7/98) Al — Summary of Liabilities Estumated to Realise Estimated total assets available for preferential £ 7,200 creditors (from Summary of Assets) Liabihties Preferential Creditors:— £ Nil Nil Estimated surplus as preferential creditors £ 7,200 Debts secured by a floating charge:— £ Nil Nil Estimated surplus of assets available £ 7,200 for non-preferential creditors Non-preferential claims:— £ Trade creditors per schedule 69,404 Crown creditors per schedule 44,506 HSBC Bank ple 2,022 Don Giovannis Limited 138,550 254,482 Estimated deficiency as regards creditors £ 247,282 £ Issued and called-up capital:- 100 100 Estimated deficiency as regards members £ 247,382 Signature UK Date \S |. lr Summary of Liabilities (7/98) Cibo Restaurants Limited Notes to the Statement of Affairs £ Amounts written off in Statement of Affairs 136,913 Balance being estimated trading loss for the period 110,369 Tota! Estimated Deficiency 247,282 Estimated to realise value of assets at valuation of director 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 No provision has been made in respect of claims by employees under the terms of the Employment Rights Act 1996 No account has been taken of any claims by creditors under a Retention of Title clause 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 is 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 1s no qualifying floating charge in this case so the prescribed part provisions do not apply Subject to the costs and expenses of the winding up The fixtures and fittings recorded in the company's management accounts refer to the leasehold improvements at the company premises, funded by Don Giovannis Limited The whole of the company's chattel assets, with the exception of sundry items valued at £500, are the property of Don Giovannis Limited and are the subject of an Asset Leasing Agreement Don Giovannis Limited has traded from the premises during the Christmas period, accepting full responsibility for all outgoings for staff, supplies and property expenses Cibo Restaurants Ltd Schedule of Creditors Trade Creditors £ Aarhus Security Ltd, 4 Moss Lane, Manchester, M45 6HG 108 00 Athena Catering, Unit 20, Middlewich Road, Middlewich, CW10 9NX 23 10 Cater-Lyne ProExpert Hygiene Solutions, 14/15 Pannal Industrial Park, Harrogate, W Yorkshire, 1,345 17 HG3 1JL CNG-Contract Natural Gas Ltd, 5 Victoria Avenue, Harrogate, W Yorkshire, HGI 1EQ 1,075 64 Dedicated Linen, Britannia House, Adswood Road, Stockport, SK3 8LF 940 92 Employment Practice & Law, 3 Lansdowne, Culcheth, Warrington, WA3 4EA 720 00 Euro Food Brands Ltd, 1 Kimbell News, Humfrey, Boughton, Northampton, NN2 8XB 283 85 G&O Foods Ltd, 105 Station Road, North Reddish, Stockport, SKS 6ND 15,262 96 GS Systems, 119/121 Buxton Road, Stockport, SK2 6LR 4,468 09 James Robert Shaw, Unit 2A Cranfield Road, Lostock Ind Estate. Lostock, Bolton, BL6 4SB $00 00 Livebookings Ltd, 5th Floor, Elizabeth House, 39 York Road, London, SEI 7NQ 542 40 LWC, Unit 3 Stainburn Road, Openshaw, Manchester, M11 ZER 1,661 22 Manchester Confidential, Suite 2B, 2nd Floor, Quay House, Quay Street, Manchester, M3 3JE 7,400 00 Manchester Food & Drink Festival Ltd, Unit G4, The Hive, Lever Street, Manchester, M1 IFN 1,680 00 Northern Lights (Chesterfield) Ltd, Hardwick View Road, Holmewood Ind Est, Chesterfield, $42 499 91 5SA Oasis Interior Landscapes, Linden House, Millbuck Way, Sandbach, Cheshire, CW11 3HT 1,299 37 Olympic Press, Unit 34, Irlam Business Centre, Soapstone Way, Irlam, Manchester, M44 6GP 729 80 Pagendam Pratt Wine Cellars, Unit 16, Marston Moor Bus Park, Rudgate, Tockwith, Yorkshire, 6,751 28 YO26 7QF Pesttech Environmental Services, PO Box 140, Bolton, BL2 6FZ 156 00 Powells Tea & Coffee Merchants, 110 George Leigh Street, Ancoats, Manchester, M4 6BD 64 00 Signs Now NW, Unit 2A Bankfield Trading Est, Cornation Street, Stockport, SKS 7SE 283 57 Stephen Smith Stocktaking, 4 Mill Street, Westhoughton, Bolton, BLS 3AL 580 00 Supply Point, Moss House Farm, Lowes Lane, Gawsworth, Macclesfield, Cheshire, SK11 9QR 8,599 34 Tender Oak Meats Ltd, Labtec House, Wheatsheaf Trading Est, Bolton Road, Swinton, 2,900 25 Manchester, M27 2SE Total Labels, 4 Finlay Court, Simonside East Industrial Est, South Shield, NE34 9QA 225 80 United Uulities, PO Box 50, Warrington, WASS 1AQ 867 21 Westport Foods, Units 1,2 and 3 Darn Street, Burslem, Stoke-on-Trent, Staffordshire, ST6 3LN 5,944 46 Worldwide Catering (NW) Limited, Unit 8, Failsworth Ind Estate, Morton Street, Failsworth, 4,492 51 Manchester, M35 OBN Total Amount: 69,404.85 Crown Creditors £ H M Revenue & Customs, Durrington Bridge House, Barrington Road,, Worthing, BN12 4SE H M Revenue & Customs, NI Contributions Office, Insolvency Longbenton, Newcastle upon 37,009 00 Tyne, NE98 1ZZ HM Revenue & Customs, National Insolvency Unit, 5th Floor Regian House, James Street, 7,497 00 Liverpool, L75 1AD Ref 162 551617 Total Amount: 44,506.00 Loan Account £ Don Giovannis Limited, 31 Sackville Street, Manchester, M1 3LZ 138,550 00 Total Amount: 138,550.00 Bank £ HSBC Bank plc, St Anns Square, Manchester, M2 7HD 2,022.00 Ref 40-31-24 / 03818322 Note Total Amount: 2,022.00 Note £ Loan Account (14,500) Current Account 12,478 Net Balance 2,022