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 08903907 Name of Company (a) Insert full name of company ® Teppan 260 Leeds Limited {b) Insert full name We Alex Kachant and address of Crawfords Accountants LLP, Stanton House 41 Blackfriars Road Salford Manchester, M3 7DB (c) Insert date the Liquidator(s) of the above named company attach a statement of the company’s affairs as at 19 March 2015 Signed Ay “oA. \ Date 19 March 2015 The presenter’s name, Crawfords Accountants LLP For Official Use address and reference Stanton House L qui 41 Blackfriars Road Salford Manchester M3 7DB C658/S/AK/SH *A442T YG" A27 27/03/2015 #242 | COMPANIES HOUSE Rule 4.34-CVL Form 4.19 Statement Of Affairs IN THE MATTER OF TEPPAN 260 LEEDS LIMITED and IN THE MATTER OF THE INSOLVENCY ACT 1986 Statement as to the affairs of Teppan 260 Leeds Limited on the 19 March 2015 the date of the resolution for winding up Statement of Truth I/We Mr Bok Mun Chan of 71 Cornwall Road, Harrogate, North Yorkshire, HG! 2NB Make a Statement of Truth and say that the several pages exhibited hereto and marked “BMC1” are to the best of my knowledge and beltefa full, true and complete statement as to the affairs of the above named company as at 19 March 2015 the date of the resolution for winding up and that the said company carrted on business as a restaurant —_ Signature “a Date 19 March 2015 IN THE MATTER OF TEPPAN 260 LEEDS LIMITED This 1s the exhibit marked “BMC1” referred to in the Statement of Truth of Mr Bok Mun Chan A— Summary of Assets ASSETS Book Value Estimated to Realise Assets specifically pledged:- £ £ Assets not specifically pledged:— Cash at Bank 28,503 28,503 Estimated total assets available for preferential creditors 28,503 28,503 Signature a a Date Summary of Assets (7/98) Al — Summary of Liabilities Estimated to Realise Estimated total assets available for preferential 28,503 creditors (from Summary of Assets) Liabilities Preferential Creditors:— Nil Nil Estimated surplus as preferential creditors Debts secured by a floating charge:— Nil Ni Estimated surplus of assets available for non-preferential creditors 28,503 Non-preferential claims:— £ Trade creditors per schedule 38,811 Crown creditors per schedule 17,239 Shareholder's Loan 280,159 336,209 Estimated deficiency as regards creditors 307,706 £ Issued and called-up capital:- 1 1 Estimated deficiency as regards member 307,707 Signature Zz ad a Date Summary of Liabilities (7/98) TEPPAN 260 LEEDS LIMITED Estimated Deficiency Account For the Period 1 June 2014 to 19 March 2015 £ Accumulated losses as 31 January 2015 316,551 Amounts written off in Statement of Affairs NIL Balance being estimated trading profit for the period from 1 February 2015 to date of Inquidation [Note 7] 8,844 Total Estimated Deficiency 307,707 Notes to the Statement of Affairs The director advises that the sole remaining asset of the company 1s cash at bank in the sum of £28,503 93 and this balance has been independently verified with the bank The original of this residual cash balance has arisen from the sale of the company’s lease interest to Be at One Limited, an independent third party, for £100,000 plus VAT, which was transacted at arm’s length and for full value with the assistance of solicitors The sale of the company’s lease interest resulted in a net balance of circa £102,000 being paid into the company’s bank account Following a preliminary review of the company’s bank statements, 1t would appear that the sum of £102,000 has been allocated by the company as follows - Bloomdean Limited 46,000 Other Creditors 27,497 Balance at Bank 28,503 102,000 The appointed Liquidator will need to examine in further details the allocation of funds made by the company following the sale of the company’s lease interest Apart from the above cash balance at bank, there are no other company assets Claims of creditors are subject to agreement in due course The amounts stated will not preyudice your clarm which will be agreed, 1f appropriate, by the Liquidator in due course It should be noted that the claim for Bloomdean 1s shown net of receipt of £46,000 following the allocation of funds from the sale as explained above, resulting in a current balance of £280,159 23 as at the date of the liquidation No provision has been made for any preferential or unsecured claims by employees under the terms of the Employment Rights Act 1996 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 tts assets to a lender on or after 15 September 2003 This ts 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 1n this case so the prescribed part provisions do not apply in this case Subject to the costs and expenses of the winding up The Deficiency Account estimated that there was a final trading profit of circa £8,844 for the period from | February 2015 to date of liquidation This 1s likely to relate to two creditors whose claims have not been quantified on the Statement of Affairs and/or other creditor balances which have not yet been finalised in the draft accounts TEPPAN 260 LEEDS LIMITED Schedule of Creditors Trade Creditors £ Leeds List Limited 64 Wellington Street, Leeds, LS1 2EE 690 00 Decor Interior Solutions, Marsland Barn, Back Lane, Sharrow, HG4 5BP Ref DECOOt 3,782 20 CK Wong, 469 Kingsway, Manchester, MI9 INR 1,360 00 Yorkshire Water, PO Box 52, Bradford, BD3 7YD Ref 51004 249 002 14999 1,655 79 Open Table International Ltd, 3rd Floor, 15 Worship Street, London, EC2A 2DT Ref FS287887 Disputed [Note 1] Leeds City Council PO Box 60, Leeds, LS2 8JR Ref 901462610 21,149 90 NGC Network Solutions Ltd, 2 Navigation Court, Calder Park, Wakefield, WF2 7BJ Ref TEPO01 To follow BT, Department W, Durham TE, Providence Row, Durham, DH1 IRR To follow Ref WM 4061 7337 Q003 71 British Gas Business, Spinneyside, Penman Way, Grove Park, Leicestershire, LEI9 1SZ 9,955 60 Ref 670147874 Global payment, GPUK LLP, 51 De Montfort St , Leicester LE] 7BB, Ref 17453481 649 Go Dine Ltd, 3 Floor, 19 Stoney Street, Nottingham, NG! 1LP 109 92 Payroll Bureau, 20a Prospect Street, Bridlington, West Yorkshire, YOIS 2AL 100 80 38,810 70 Crown Creditors £ HM Revenue & Customs, NI Contributions Office, Insolvency Longbenton, Newcastle upon Tyne, 70 20 NE98 1ZZ Ref S85/NY30596 HM Revenue & Customs, National Insolvency Unit, 5th Floor Regian House, James Street, Liverpool, 17,169 14 L751AD Ref 181 2452 24 17,239 34 Loan Account £ Bloomdean Limited, 28 Swan Road, Harrogate, North Yorkshire, HGI 2SE 280,159 23 280,159 23 Total 336,209.27 Note | — Open Table International Limited has made a claim against the company in the sum of circa £122 but this amount ts being disputed by the company in full