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                                                                                                                      Form 4 20
 Rule 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

                                                                                                              02220494


                            Name of Company


                              Ghaba Developments Limited


                            |/We

                            Ninos Koumettou,      1 Kings Avenue, Winchmore Hill, London N21 3NA




                            the liquidator(s) of the above named company attach a statement of the company affairs
                            as at 21 April 2015




                            Signed            A                                  Date             21 April 2015
                                                           mA




                            ae                                                                 LL
                            AlexanderLawsonJacobs                                       Ene   mee-->   >
                            1 Kings Avenue
                            Winchmore Hill




                            Ref      GH31504/NK/AG/SKILI                                      ates
Software Supplied by Turnkey Computer Technology Limited    Glasgow                     COMPANIES          HOU SF
Rule 4 34-CVL                                                                           Form 419

                Statement of Affairs

                Statement as to affairs of

                Ghaba Developments Limited

                on the 21 April 2015 the date of the resolution for winding up




                Statement of truth


                | belteve that the facts stated in this Statement of Affairs are true


                Full Name              SIA 2HAB             Hussard           -

                Signed
                                             We

                Dated                  fi fy [is
Ghaba Developments Limited
Statement Of Affairs as at 21 April 2015

A - Summary of Assets
                                                                                 Estimated to
Assets                                                        Book Value             Realise
                                                                   £                    £

Assets subject to fixed charge:
Properties                                                                         NIL
National Westminster Bank Plc                                               Uncertain
                                                                                   NIL                Nil

Assets subject to floating charge:

Uncharged assets:
Sayyid Amin - Loan                                             173,616 45                       Uncertain
Mr Choudhury Amin (Deceased) - Loan                            113,311 00                       Uncertain
Ambhurst Properties Ltd - In Liquidation                       817,590 00                       Uncertain
RNSA UK Ltd                                                    177,474 75                      177,474 75

Estimated total assets available for preferential creditors                                    177,474 75




Signature      VIZ                                  Date_2A/ Jalism
Ghaba Developments Limited
Statement Of Affairs as at 21 April 2015

Ai - Summary of Liabilities
                                                                                                       Estimated to
                                                                                                            Realise
                                                                                                                   £

Estimated total assets available for preferential creditors (Carried from Page A)                         177,474 75

Liabilities
     Preferential Creditors -
                                                                                                                  NIL
Estimated deficiency/surplus as regards preferential creditors                                            177,474 75

Debts secured by floating charge pre 15 September 2003
Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                                 NIL
                                                                                                          177,474 75

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                                              177,474 75

Debts secured by floating charges post 15 September 2003
                                                                                                                  NiL
Estimated deficiency/surplus of assets after floating charges                                             177,474 75

Estimated prescnbed part of net property where applicable (brought down)                                         NIL
Total assets available to unsecured creditors                                                             177,474 75

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
        Trade & Expense Creditors                                                          1,800 00
         Business Rates                                                                     3,178 47
         HMRC - CT                                                                       222,241 72
                                                                                                          227,220 19
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F.C’s post 14 September 2003)                                      (49,745 44)

Estimated deficiency/surplus as regards creditors                                                         (49,745 44)

Issued and called up capital
        Ordinary Shareholders                                                                100 00
                                                                                                               100 00
Estimated total deficiency/surplus as regards members                                                     (49,845 44)




Signature      JG                                     Date Baily      fis
                                   GH31504 - Ghaba Developments        Limited

Statement Of Affairs Notes

Note 14

Natwest Bank Plc have a debenture incorporating a fixed and floating charge created on 01/03/2007

In addition to the debenture the bank also have 13 outstanding legal charges registered against properties
for which LPA Recewvers were appointed One of the appointments was on 09/02/2012 and all the rest were
on 15/02/2012 It is belteved that all properties relating to those Receiverships have been sold, apart from 1
which ts set to complete by the end of the month All liabilities, including the Receivers’ expenses will then
be cleared

The director believes that there should be a surplus payable to the company after clearing ail liabilities to the
bank The appointed Liquidator will need to liaise with the bank to ensure this is accounted for in due
course

Note 2

The director believes that this loan was repaid to the company, however the appointed Liquidator will need
to verify this in due course

Note 3

Mr Choudhury Amin died many years ago and his estate 1s believed to have been finalised         The appointed
Liquidator will need to satisfy himself to whether this debt 1s recoverable in due course

Note 4

Amburst Properties Ltd, a company with a common director was placed into Liquidation on 26 January
2015 A copy of the report received from the Official Receiver indicates that there may be a prospect of
dividend to creditors in due course

Note 5

RNSA UK Ltd purchased 29 Edward Avenue from the company in 2011 Payment was agreed by way of
deferred consideration over 98 years, however a {ump sum payment of £60,000 was made recently by
RNSA UK Ltd on behalf of the company and the balance outstanding was thus reduced accordingly The
appointed Liquidator will need to review this transaction to ensure it was at proper value and seek earlier
settlement of the remaining balance


                      OF              21 fais




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