Rule 4 34 Form 4 20 S.95/99 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 [_ os7vooses | Name of Company (a) Insert full name of M Hoyles Limited company (6) Insert full name and { addresses JM Evans HR Harris & Partners 44 St Helens Road Swansea SA1 4BB (c) Insert date the liquidator of the above-named company attaches a statement of the company’s affairs as at 21 April 2014 Signed Date 22 April 2015 L For Official Use Presenter's name, H R Harris & Partners Liquidation Section Post Room wg address and reference (if any) 44 St Helens Road Swansea wee SA1 4BB 23/04/2015 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 a a“ Statement of Affairs M HOYLES LIMITED Statement as to affairs of 21% April 2015 M Hoyles Limited on the being a date not more than 14 days before 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 Mr Mark Hoyles Signed loure. Heagih— Dated 21" April 2015 M Hoyles Limited A-— Summary of Assets Assets Book Value Estimated to Realise Assets subject to fixed charge: Plant & Machinery 15,536 0 Xerox Finance Ltd (15,536) (15,536) Deficiency c/f (15,536) NIL Assets Subject to a Floating Charge: Plant & Machinery 2,600 1,140 Book Debts 677 677 Cash at Bank 1,300 1,300 Cash in Hand 1,920 1,920 Estimated total assets available for preferential creditors 5,037 A1 — Summary of liabilittes Estimated to Realise Estimated tota! assets available for preferential creditors (carned from page A) 5,037 Preferential creditors None 0 Total Preferential Claim (0) Estimated surpius as regards preferential creditors 5,037 Estimated total assets available for floating charge holders 5,037 Debts secured by floating charges HSBC Bank ple 66,000 (66,000) Estimated deficiency of assets after floating charges (60,963) Total assets available to unsecured creditors NIL Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Directors Current Account 19,036 Employees’ Claims 0 Trade Creditor 5,414 Xerox Finance Ltd deficiency b/f 15,536 (39,987) Estimated deficiency as regards non-preferential creditors £ (100,950) Issued and called up capital Ordinary , (1) Estimated total deficiency as regards members (100,951) M HOYLES LIMITED Trading Results (£) Reserve Net _Profit/ Directors Shareholders Dividends sg c/f year Period Ended Turnover (Loss) Remuneration Funds Paid end Period ending 23/09/2013 to 30/06/2014 19,921 (22,405) Comments on the Directors’ Statement of Affairs The Statement of Affairs does not reflect the costs of insolvency and realisation Assets Book Debts The estimated to realise value of the book debts Is that of £676 80 from the one remaining debtor of the company Plant and machinery The majority of the company’s machinery was bought on finance On current information insufficient money will be realised from their sale to repay the finance agreements The parties concerned have been contacted and advised to collect the machinery It is estimated to realise the sum of £1140 00 in respect of other small items namely a Guillotine, GBC Multibind, Floor Scale, Postal Scale and an A1 A-Board Cash in hand At the time of the Liquidation the sum of £1,920 00 Is held in the Liquidator’s Insolvency Matter Account Cash at Bank It is estimated that there is approximately £1,300 00 that has been deposited into the company's bank account that !s being held over for the appointment of a Liquidator Creditors Secured creditors The company granted a fixed and floating charge to HSBC Bank plc created on the 24°” December 2013 The sum of £66,000 00 ts secured by the floating charge and a personal guarantee by the director Preferential creditors There are no preferential creditors as there are no employee claims for unpaid wages or claims for unpaid holiday Prescribed Part The prescribed part only applies where the company has granted a floating charge to a creditor after 15 September 2003 Where a floating charge over the company’s assets has been given a prescribed amount of the company’s net property after paying the preferential creditors must be made available to the unsecured creditors and the basis of this calculation is detailed below - 50% of the first £10,000 of the net property, and 20% of the remaining net property up to a maximum of £600,000 Unfortunately the company’s net property is less than the prescribed minimum (currently £10,000) and the cost of distributing the prescribed part would be disproportionate Therefore the prescnbed part provisions will not apply Unsecured creditors The unsecured claims total £39,987 00, | would point out that the amounts shown have been provided by the director or company accountant, which may not necessarily agree with your own records However, the amounts stated will not prejudice your claim as it will be agreed by the Liquidator in due course Creditors may also be entitled to claim VAT Bad Debt Relief on their claims £19,036 00 of the unsecured claims total relates to the fund that the director personally injected into the Company Shares The issued and fully paid up share capital is that of £1 00 resulting in an overall total deficiency of £100,951 00 0 ‘pipleg ‘vaysiuer ‘sei9 Ay ‘sBuipyng qauusEnd9 | SWO}SND pue anuansy WH Wb pZ7 ‘joodiear] 0 ‘yoog sugany} AANE ‘weal ws Aouaajosu fejQusg 8sioxg 8 SWOISND WH suajskS ssauisng JeMo0s [o e2 283 LYS ‘ ‘BasueMs ‘ ‘Weg asudsayUy A ‘NOD |IIW MON946Z [o [00 zez't3 VO LS ‘BOSUEME BENG eAOURH pe yURG ezINy 09 9 SPUIOY] plese AME FLSS 0 00 093 ‘xassq ‘uopyiseg ‘sAUG INOAeapuy ‘asnoy snuer SUOIINIOS JUBYSIEW BEd S44 fo @L OLS Or LAD “ANUEADD “Lt XOG Od | S85,0K3 XGP84 056 0 00 26s3 LON ‘0102 X0g Od ‘seo1mag JaWO}sND sseuIsng Suognjos ABsouz uoR Hap eva ‘yo0}spey 9 90 PES 483 pul playlsany ‘anuany puoseg ¥¢ JUN Pr] suuojéseg SPO PALL ‘XeSa/PpI 9 v1 Ovs ‘MO|SUNOH ‘POY ISBA\ INOS JBAID BBL-/ 1 vHa NS€ LYS Q LL 293 "easuemg ‘aay aIAIg ‘\dag SasIAles [eroueUl4 Basuems 30 AunoD B AID 4H +S 0 00 $23 ‘yoysug ‘uoay ‘aue] uojsayy surly ‘g) ssaooy | WU aN SHE Ol ZbL3 gnNz ean ‘xese|ppiy py vy ‘aBpugxn ‘peoy weyBunjooy g ‘asnop4 yooysiaey | juawidinb3 ssauisng paoueapy 3 ueaib Aylunoas Ayanoes sOyIpaso yuewieso jo anjea ayeg hq pjay Ayunsas Aue jo sjieyeq | 3qap yo yunowy (epos}sod ym) ssauppy JO JO}IPai9 Jo aWeN uoissassod s,Auediwod ay} ul Apedoud Jao 3131} Jo UONUa}es Bulle} suo}!paid pue SBd1Alas JO spoos jo A\ddns ay} jo soueApe ul pred syunowe Buiwiejo siswojsnd pue sjuewiee6e ajes jeuoljpuoo Jo Buisea] jayeyo ‘aseyound-auly sapun ssoypaio Aue AyQuapt pue suo}pazo [|e apnjoul snu No, ajoN SYOLIGAYD ANVdWOD gq udd 24 a 02 SEZs ‘uopuo}7 ‘peoy Aauyoey ‘pied asnoH Bunuud gO} BSeE|0}0Ud AN9 Sh3S ‘uopu07 0 00 e23 ‘peoy [jeBualg ‘weg ssauisng jjeBuaig ‘z Wun PFT S£NOJOD PBHed XX6 7d ‘Uoyog ‘yLomUse 0 00 0983 ‘PEOY IIH QUO}S ‘aqUeD juoWebeueYWy WPI SPIMPHOAA 89104 [891Ed | 0 | 16 €@3 XH?’ SVS ‘easuems ‘yoRysa/oj4 ‘peoy sorug | Awiqeyoeg ] [ te) | 00 9€0'613 N16 ZVS ‘Basuemsg ‘Ayayg ‘peoy UEVO}e:PUdH 16 | Sa[40H W JW ySS £4xO 0 ‘@lYSPslOXO 'UOPON Buiddiys Syed yaMwoly SL PIT O4N) 912 Sexog IEW G1 veSg ‘lolsug o 00 S€3 ‘ajyeysQ Buipesy Aemyoyeg ‘peoy aplooueg Zz yun, Buibeyed eueLEpeW ZZL 0 864 ‘uojuaqbu07 ‘auA] uodA apseoman ‘Buipying (ODIN) anusasy pueju) aueEysipuly ‘Guypuey swie|y Aduaajosu| ODIN JSP ZENG ‘xessng }seqq ‘BuIyLOAA 0 “9snoH abpug uo}Bulng ‘so1yjO jJUaWadOjUuR enuansy PUE|U} ‘ ‘ G6 1S ‘Pleyeus 000'99 ELOz/e lee ainjuaqeq | 00 000'993 “SZ6E X0g Od ‘anUe9 Bulsseo0/g senunoes oid yueg DASH ONE LAAN ‘YOpUO] ‘peoy Uo}sNy 9gz 0 ‘Jamo | UOISNY 100)4 pig ‘SBNUNDVS ® SaOUaA|OSU] SWIOIsN @ enuErey WH [ | WAS p19 3 uaaib Ayunses Ayunzes JO}PIs9 jyueweys jo anjea ajeg Ag pray Ayinoas Aue jo sjiejaq | }qep yo yunowy (apoajsod yyIM) ssaippy 40 JOJIP|ID JO BEN uoissassod s,Auedwos ay} ul Auadoid 1aa0 an Jo UONUA}a) BulLule}o SJO}IPaJo puke SBdIAJas JO Spoob jo Ajddns ayy Jo aoueApe ul pied sjunowe Buiwlej> ssawojsno pue sjuawaaJbe ayes |euolpuod Jo Buisea) jayeyo ‘aseyoind-auiy Japun ssoyipaso Aue Ayjuapi pue sroyipaio ye apnjour snus Nod, BION SYOLIGAYD ANVdWOS aimeuBbig sti] J LT ayeq { ges'te | | | os 986'S013 | | SIEIOL | [ses'st | ges'st | sbozeizz | N_Aggs xo1ax | Lp 9E5'S15 | _ SHI 8 ‘eBpuaxn ‘peoy piojxQ ‘asnoH e6puig | PIT eoueuty xo18x | [0 l | L. l MS £49 'HIPIED ‘069 x0 Od | JeIEM UsIaM | asz 0 eS 23 OLAD ‘UoyeSuUNN ‘Wed epnuwag ‘KEAA Spiaeg is prtsdn [o [ | [ee €80'13 N16 ZWS ‘EasueMs ‘Ayaxs ‘peoy uellojespuaH 28 | seuor anaig | 3 uaaib Ayunsas Andes s0}1pas9 quewieso Jo anjea ajyeq Aq pjay Ayinzes Aue jo sjiejoq | 3qap jo junowy (apoajsod ym) ssasppy 40 40JIPA19 Jo WIEN uoissassod s,Auedwuoo au) ul Auadoud 1800 ayn Jo UOQUA}a1 ButuIE}o sioj|pas9 pue saoruas 10 spoo6 jo Ajddns au jo soueApe ul pled sjunowe Burumnejo siawojsno pue sjuawea6e aes jeuolIpuce Jo Buiseay jayeyo ‘aseyound-auy Japun sioppaso Aue Ajquap! pue sioyipaid je apnjoul jsniy no, ajoN SYOLIGAYD ANVdWOD “Yours ayy aunjeuBbig SI A/ IZ “9 00 13 ‘ Aeupio | M16 zvS ‘easuems ‘Ayaxg ‘peoy Ue|IO}oIpUaH 16 sejkoH LEW | sJaquiew anjea [PuIWON | SeleYs Jo “ON aueys yo adA) (apoojsod yy) ssosuppy 10 Jepjoyoueys jo eweN SYSEWAW ANVdAOD 3