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 108505217 Name of Company a) Insert full name of ®) company ©) AJC North West Limited (b) Insert full name [/We ©) Alex Kacham and address of Crawfords Accountants LLP, Stanton House 41 Blackfriars Road Salford Manchester, M3 7DB Insert dat (©) Insert date the Liquidator(s) of the above named company attach a statement of the company’s affairs as at © 21 April 2015 Signed Oe f Date 21 April 2015 - The presenter’s name, Crawfords Accountants LLP For Official Use address and reference Stanton House Liquidation Section Post Room mH 41 Blackfriars Road Salford UIVIFANIES HOUSE Manchester M3 7DB FRIDAY 08/05/2015 #4 Rrwanaseen 8 ne Rule 4.34-CVL Form 4,19 Statement Of Affairs IN THE MATTER OF AJC NORTH WEST LIMITED and IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to the affairs of AJC North West Limited on the 21 April 2015 the date of the resolution for winding up Statement of Truth I/We Mr Amir Masood of 28 Redlynch Walk, Manchester, M8 OPT Make a Statement of Truth and say that the several pages exhibited hereto and marked “AM 1” 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 2] April 2015 the date of the resolution for winding up and that the said company carried on business as Clothing & Footwear Wholesaler Signature N ——_ Date 21 April 2015 IN THE MATTER OF AJC North West Limited This ts the exhibit marked “AM1” referred to in the Statement of Truth of Mr Amir Masood A-— Summary of Assets ASSETS Book Value | Estimated to Realise Assets specifically pledged:- £000 £000 Assets not specifically pledged:— Trade Debtors 5,400 Note 1 Estimated tota! assets available for creditors 5,400 NIL Signature he. Date Summary of Assets (7/98) Al-—Summary of Liabilities Estimated to Realise £000 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:— £000 Trade creditors per schedule 5,531 5,531 Estimated deficiency as regards creditors £000 Issued and called-up capital:- 0001 0001 Estimated deficiency as regards member 5,531 7 Signature A WA _ Date Summary of Liabilities (7/98) AJC North West Limited Notes to the Statement of Affairs 1 The director advises that the only asset of the company relates to 3 overseas trade debtors, each with an invoice value of £1 8M, £2 3M, and £1 3M, totalling £5 4M. The director believes part of this total is recoverable but no independent assessment has been carried out as the records have not yet been received from the company For the purpose of the Statement of Affairs, no value has been placed on the estimated realisable value of trade debtors The director advises that the company’s bank account was closed following cessation of trade and there was a nil balance at bank on closure of the bank account Claims of creditors are subject to agreement in due course The amounts stated will not prejudice your claim which will be agreed, if appropriate, by the Liquidator in due course The director advises that he is not aware of any tax liabtlity which may be owed by the company 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 fender 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 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 Subject to the verbal explanations to be given at the meeting of creditors 21 April 2015 It has not been possible to prepare an estimated Deficiency Account as no accounts have been prepared since the date of incorporation However, the liabilities shown on the Statement of Affairs will be the trading losses incurred by the company from date of incorporation to date of liquidation AJC NORTH WEST LIMITED Schedule of Trade Creditors £000 Jrehang Hong Kong Trading Co Ltd, Unit A30, 9/F Stlvercorp Int Tower, 707-713 Nathan 150 Road, Mongkok, Kowloon, Hong Kong JZD Int'l Trading Limited, Unit 2508, 25/F Bank of America Tower, 12 Harcourt Road 530 Central, Hong Kong Kay Fook Holdings Limited, East Block 2302, Haran Shidai Building, No 12069 Shenan 350 Dadao, Nanshan District, Shenzhen P T , China Ruian Guangyu Trade Co Ltd, 325200 Industrial Zone of South Taoshan, Ruian City, 285 Zhejiang, China Santawoods Company, Room 501B, 5/F2-16 FA Yuen Street, Mong Kokkl City, 75 Hong Kong Shanghai Kemp Imp & Exp Co Ltd, No 1068 Jindu Road, Minhang District, Shanghai, China 220 Shine Fook Holding Ltd, Rm 711-2, 7/F Trade Square, 681 Cheung Sha Wan Road, Kowloon, 215 Hong Kong Star Pointer Limited, 6/F Shun on Commercial Building, 112-114 Des Voeux Road Central, 96 Hong Kong Wenzhou Changrong International Trading Co Ltd, Unit 3, 13/F, Prat Commercial Butlding, 500 17-19 Prat Avenue, Tsimshatsu1, Kowloon, Hong Kong Wenzhou Changshun International Trading Co Ltd, 401 Room, No | Zhenou Road, Ouha, 700 Wenzhou, China Wenzhou Light, 22nd Floor, International Trade Centre, No 8 Liming Road (W), Wenzhou, 65 China Y1wu Fengy: Import & Export Co Ltd, No 1-12 Building 8, Two Side,, The Cross of Danx1 200 Road & Zongze Road, Huzhou, Yiwu, China Zhejiang Adtiff Clothing Co Ltd, 599# Fengqing Street, Deqing Economic Development 360 Zone, Deqing County, Huzhou City, Zheyiang, China Zhejiang Wenzhou Packaging Imp & Exp Corp, 17/F International Trade Centre Bldg , No.8 785 Liming West Road, Wenzhou, Zhejiang, China Zhejiang Yiwu New Midland Trading Co Ltd, 3 Floor, No 550 Chouzhou North Road, Yiwu, 1,000 Zhejiang, China §,531 Schedule of Crown Creditors HM Revenue & Customs Central National Insolvency Unit Sth Floor Regian House NIL James Street Liverpool L751AD _ Ref 160 8963 86 [VAT] HM Revenue & Customs Durrington Bridge House, Barrington Road, Worthing, BN12 NIL 4SE_[PAYE/NIC] NIL Total 5,531