Form 4 20 Rule 4 34-CVL The Insolvency Act 1986 Statement of Company's Affairs Pursuant to section 95/99 of the insoivency Act 1986 For Official Use To the Registrar of Companies Company Number 08398353 Name of Company Spirit Menswear (Agency) Limited |/We Ninos Koumettou, 1 Kings Avenue, Winchmore Hill, London N21 3NA the hquidator(s) of the above named company attach a statement of the company affairs as at 26 May 2015 Signed Date 26 May 2015 ar AlexanderLawsonJacobs 1 Kings Avenue Winchmore Hill Insol London N21 3NA *A48E 1911" A24 28/05/2015 #222 Ref SP31519/NK/AG/SK/LI COMPANIES HOUSE Software Supphed by Turnkey Computer Technology Limited Glasgow Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Spirit Menswear (Agency) Limited on the 26 May 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 m4 Visma —7eHan Signed Dated 2B" men 2015 , Spirit Menswear (Agency) Limited Statement Of Affairs as at 26 May 2015 A- Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge: Goodwill Uncertain Spirit Mens & Ladies Wear-Pension Scheme (42,304 76) Deficiency c/d (42,304 76) Assets subject to floating charge Uncharged assets: Building Improvements & Alterations 11,816 09 NIL Fixtures, Fittings & Equipment 5,426 63 2,500 00 Stock 73,000 00 7,500 00 Estimated total assets available for preferential creditors 10,000 00 Signature AD, Date 26 os [1s W7 Spirit Menswear (Agency) Limited Statement Of Affairs as at 26 May 2015 A1 - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 10,000 00 Liabilities Preferential Creditors - Nit Estimated defictency/surplus as regards preferential creditors 10,000 00 Debts secured by floating charge pre 15 September 2003 Other Pre 15 September 2003 Floating Charge Creditors NIL 10,000 00 Estimated prescribed part of net property where applicable (to carry forward) NIL Based on floating charge assets of Nil Estimated total assets available for floating charge holders 10,000 00 Debts secured by floating charges post 15 September 2003 Deficiency b/d 42,304 76 42,304 76 Estimated deficrency/surplus of assets after floating charges (32,304 76) Estimated prescribed part of net property where applicable (brought down) NIL Total assets availiable to unsecured creditors NIL Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade & Expense Creditors 492 00 L B of Redbridge - Business Rates 4,459 00 Visma Trehan - Loan 118,719 00 Lloyds TSB Bank 20,398 41 HMRC - PAYE/NICVVAT/CT 94,245 55 238,313 96 Estimated deficrency/surplus as regards non-preferential creditors {excluding any shortfall in respect of F.C’s post 14 September 2003) (238,313 96) Shortfall in respect of F C's post 14 September 2003 (brought down) 32,304 76 Estimated deficiency/surplus as regards creditors (270,618 72) Issued and called up capital Ordinary Shareholders. 100 00 100 00 Estimated total deficiency/surplus as regards members (270,718 72) Signature ZL) Date 2605] is C4 SP31519 - Spint Menswear (Agency) Limited Statement Of Affairs Notes Note 1 DA Phillips & Co Limited and Visma Trehan Trustees of Spirit Mens and Ladies Wear Ltd Pension Scheme, have a debenture incorporating a fixed and floating charge at Companies House dated 23/04/2014 The Liquidator will need to consider the validity of this debenture should funds be available for the chargeholder Note 2 The business and assets of the company have been valued by professional agents and the ex situ figures from the valuation have been used for the purpose of the statement of affairs A connected company, AR A (2014) Ltd, has expressed interest in purchasing these assets The majority of the stock is out of season and ofd items, with only a handfut of items per style Some ts also subject to claims from the suppliers Note 3 A breakdown of the HM Revenue & Customs arrears are set out below - 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