Form 4,20 Rute 4 34 - CVL The Insolvency Act 1986 | Statement of Company's Affairs Pursuant to section 95/99 of the Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number 08519775 Name of Company Cucina Toscana Ltd t/a Michelangelo |/We Matthew James Higgins, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS Gordon Smythe Goldie, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3 3LS the liquidator(s) of the above named company attach a statement of the company affairs as at 27 February 2015 Signed wit Date 27 February 2015 aN Tait Walker For Official Use ' Bulman House Regent Centre, Gosforth Insolven¢ Newcastle upon Tyne NE3 3LS TUESDAY *A42DCAXT* Ref 1001366/MJH/GSG/KJ/CH A24 03/03/2015 9 Software Supplied by Turnkey Computer Technology Limited Glasgow COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of Cucina Toscana Ltd t/a Michelangelo on the 27 February 2015 the date of the resolution for winding up Statement of truth 1 believe that the facts stated in this Statement of Affairs are true . ‘ . Full Name Gaeorto Veal Signed Lor Le Dated arzloafpois Cucina Toscana Ltd t/a Michelangelo Statement Of Affairs as at 27 February 2015 A - Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge: Assets subject to floating charge: Uncharged assets: Book Debts 5,100 00 5,100 00 Estimated total assets available for preferential creditors 5,100 00 iN comm Hoda ‘ Date_2 7 Ih / ors Cucina Toscana Ltd t/a Michelangelo Statement Of Affairs as at 27 February 2015 A1 - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 5,100 00 Liabilities Preferential Creditors - RPO Wage Arrears & Holiday Pay 2,461 00 2,461 00 Estimated deficiency/surplus as regards preferential creditors 2,639 00 Debts secured by floating charge pre 15 September 2003 Other Pre 15 September 2003 Floating Charge Creditors Nit 2,639 00 Estimated prescribed part of net property where applicable (to carry forward) NIL Estimated total assets available for floating charge holders 2,639 00 Debts secured by floating charges post 15 September 2003 NIL Estimated deficiency/surplus of assets after floating charges 2,639 00 Estimated prescribed part of net property where applicable (brought down) NIL Total assets available to unsecured creditors 2,639 00 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Trade & Expense Creditors 48,626 60 RPO PILON & Redundancy 1,060 00 Directors 25,000 00 H M Revenue & Customs - VAT 44,755 78 H M Revenue & Customs - PAYE & NIC 15,641 98 135,084 36 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F C's post 14 September 2003) (132,445 36) Estimated deficiency/surplus as regards creditors (132,445 36) Issued and called up capital Ordinary Shareholders 100 100 Estimated total deficiency/surplus as regards members (132,446 36) Signature 5 " Date. 2 zLeLo or y7 Z OL S107 Arersqay 97 01 PI0Z 9A 10S Sd 1 Jo | 982g auNgeUsIS 09 679'Sr Suyfjejoy, saugug 61 000 OVS THAN ‘PuePoquMYLON ‘soypnig ‘peoy aso[D isatid 9 UOsfOyIN Aaqyar IY TON 000 N&£9 ZPAN ‘PuRlequiNtpON ‘soupmug ‘enueAy [femospy | 9190N Aon’y ssi] 0ONA 000 TOr OFAN ‘Uorky ‘apispoom ‘aaoir UseId ¢ Aen BIpeN SW] o0oWa 00 0 XLb OPAN ‘Peaysarey Yooomeld wang We YLT BYSTEMOY BYZSOMUSY 007d 000 OH? OFAN ‘Peaysarey Yooiomel ‘jeans prempd 6 Auayels AT2M SSI 00d 000 OHS ZrAN ‘PuepoquinyuON “weYysUIAQ ‘sadenoD ATIN] NOW Z sppog etn SW 00a 000 U9 THAN ‘soupnig ‘odueIDH Youmog ‘UND poomuloog 6 sopeg Udy SA ooga 91 $60°7 DAp SAN ‘ean 2 aud] ‘peaysarey ‘peoy [IH 49190] W801 PY] PeSIPOUM OAL 00.L9 000 XZ CAN ‘UAL Uodn apseomany “yOJsoD req BBpuUg $1 ysurg rapurden JW 10SO 000 VAT £AN ‘UAL uodn apseomeNn “YWOJsoN “ye, [[I}]{ 199U9,j ‘sauojsAaIDy resaesg asaley DAL 00S 00 88 TRON 3 UAT, “UAL udn opiseomon] ‘Youwrg 129g AdIH opISEOMON yueg spAoy] 10ND L9 €L9LI ADO pad “lepusssoy “pZE XOM Od ‘SaTepuassoy 0/9 [ouno}) puejlequinyuioN 00NS 000 ZZ 86AN ‘APSeIMaN ‘UOjUaQsUOT ‘Mal A Weg UOO ‘Wu Burjpuepy swre[> Aousajosuy SWOISND 2 INUsALY WH 00HO 00 90'T AXZ AN ‘SUA Uodn apseoman ‘1o4Ag Joang yume ‘6 Wa) Spooj yeUTEC] todo 000 XZ 7A ‘Weysuung ‘¢ggg| XOg Od ‘sjuouAeg AoURpuNpay ‘ao1A10g AOUSA[OSU], SdIAlag sjuauAeg Aouepunpoy, 00do AOO LEAN “eam % UAL $1 S98 Speaysarey ‘aiejsq Super, Aajpea wea] jexIeU Baa pure JIN syesojoyA, ISCY YON ‘101-66 HULL ysory AND 000 000 €dZ 11d “wegmq oF ‘uoysueq ‘eyeIsq Super], puejeas]_ ‘asnoy pueproyins spoo ULE] soareH AnUNOD 0099 Z9 9S6°97 ZS1 61AT ‘Jaisoore'T ‘Ae uewuag ‘optsXouutds ssoursng sed ysiig 10do 000 WAL LHG “wey ‘meoy souspiaodg “esq Super] weyn ‘py wowedsq od Le 00g ed ssaippy swe kay s10j}Ipa1 Aueduioy - g opsuvpyoy &/) py] BUvdso] vUIoN- AOHTEM HEL Cucina Toscana Ltd t/a Michelangelo Notes to the Director(s) Statement of Affairs Dated: 27 February 2015 Book Debts The Company’s books and records indicate gross book debts of £5,100 After provisions for bad and doubtful debts, and counterclaims following the cessation of trade, it is estimated that the book debts will realise £5,100 Employees Employees of the Company have claims for arrears of pay, holiday pay, pay in lieu of notice and redundancy pay, as appropriate, following the termination of their contact Both arrears of pay and holiday pay rank as preferential claims subject to statutory limits Amounts tn excess of the statutory limits together with pay in lieu of notice and redundancy pay rank as unsecured clarms Employee claims have been estimated based upon information available at present Certain of the employee claims will be discharged through the National Insurance Fund, and the fund will have subrogated claims for any amounts paid to the employees Prescribed Part The Prescribed Part (Section 176{A) of the Act) is a proportion of floating charge asset realisations, net of costs, which are set aside for the benefit of unsecured creditors The Prescribed Part applies to floating charges created on or after 15 September 2003 only The Prescribed Part is calculated using a formula laid down In the Act as follows e 50% of the net property up to £10,000, e 20% of the net property in excess of £10,000, e Subject to a maximum amount of £600,000 In thts instance there 1s no floating charge and so the prescribed part does not apply Trade & Expense Creditors The amounts due to trade and expense creditors are taken from the books and records of the Company, and are stated inclusive of VAT Inclusion does not constitute an admission that there ts now or has been in the past any legal lability upon the Company of the whole or part of the amount shown General The Statement of Affairs does not include any provision for the costs of administering the Liquidation TAIT WALKER TURNAROUND AND INSOLVENCY Cucina Toscana Ltd t/a Michelangelo Report to Creditors Private & Confidential — Not for publication