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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

                                                                                                          02528136


                            Name of Company


                             TVB (UK) Limited


                          “We

                            Freddy Khalastchi FCA FABRP, 2 Sovereign Quay, Havannah Street, Cardiff, CF10 5SF

                            Martin John Atkins FCA CTA FABRP, 2 Sovereign Quay, Havannah              Street, Cardiff, CF10 5SF




                            the liquidator(s) of the above named company attach a statement of the company affairs
                            as at 15 January 2015




                            Signed                    ‘                              Date          15 January 2015


                            Harris Lipman LLP




                                                                                      (IRI
                                                                                            For Official Use _




                            Se
                            2 Sovereign Quay
                            Havannah Street                            Inegyypr foto
                            Cardiff
                                                                          SATURDAY




Software Supplied by Turnkey Computer Technology Limited   Glasgow                                24/01/2015         #234
                                                                                               COMPANIES HOLISF
Rule 4 34-CVL                                                                           Form 4 19

                Statement of Affairs

                Statement as to affairs of

                TVB (UK) Limited

                on the 15 January 2015 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                ANTHONY            P Na         to


                Signed                  hon

                Dated                          We     fries
TVB (UK) Limited
Statement Of Affairs as at 15 January 2015

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

Assets subject to fixed charge:

Assets subject to floating charge:

Uncharged assets:
Intra Group Debtors                                           1,409,545 02                       NIL
investments in Subsidianes                                        4,111 00                       NIL
Cash at Bank                                                      1,024 00                  1,024 00

Estimated total assets available for preferential creditors                                 1,024 00




senate Pill                                         see ISI row
TVB (UK) Limited
Statement Of Affairs as at 15 January 2015

A1 - Summary of Liabilities
                                                                                                      Estimated to
                                                                                                           Realise
                                                                                                                   £

Estimated total assets available for preferential creditors (Carried from Page A)                           1,024 00

Liabilities
    Preferential Creditors -
                                                                                                                 NIL
Estimated deficiency/surplus as regards preferential creditors                                              1,024 00

Debts secured by floating charge pre 15 September 2003
Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                                 NIL
                                                                                                            1,024 00

Estimated prescribed part of net property where applicable (to carry forward)                                    NIL
Estimated total assets available for floating charge holders                                                1,024 00

Debts secured by floating charges post 15 September 2003
                                                                                                                 NIL
Estimated deficiency/surplus of assets after floating charges                                               1,024 00

Estimated prescribed part of net property where applicable (brought down)                                        NIL
Total assets available to unsecured creditors                                                               1,024 00

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
        Intra Group Creditors                                                          3,949,098 70
                                                                                                       3,949,098 70
Estimated deficiency/surplus as regards non-preferential creditors
{excluding any shortfall in respect of F C's post 14 September 2003)                                  (3,948,074 70)

Estimated deficiency/surplus as regards creditors                                                     (3,948,074 70)

Issued and called up capital
        Ordinary Shareholders                                                                  2 00
                                                                                                                2 00
Estimated total deficiency/surplus as regards members                                                 (3,948,076 70)




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D - Deficiency Account

TVB (UK) LIMITED
                                                               Notes                  £

Deficit to the shareholders per the Company’s                          1             (2,532,828)
financial statements as at 31 December 2013

Estimated deficiency on realisation of sale of                         2             (1,410,656)
assets tn the liquidation

Estimate loss on trading for the period from 1                         3                   (4,591)
January 2014 to 15 January 2015            (8)

Estimated deficiency as regards Creditors                                            (3,948,075)

Less   Write off of the share capital                               4                           (2)

Estimated deficiency as regards Members                             5                (3,948,077)



The following notes form an integral part of the above statement
1
       This   ts   the     shareholders     funds   detailed   on   the    last    filed   financial
       statements        It is made   up of share capital and the balance on the profit and
       loss account

       This is the amount that the company's assets have decreased by in
       estimated value by compared with the last set of financial statements filed
       This relates to the investment in The Chinese Channel Limited, which has
        no realisable value, together with a debt due from The Chinese Channel
       (Holdings) Limited, which is a company            registered in the Cayman           Islands
       and which ts insolvent

       This ts an estimated figure for the loss in the final trading period since the
       last filed financial statements In this instance tt ts the estimated profit/loss
       for the 12% month period since the last financial statements The figure is a
       balancing figure (8) and therefore an estimate

       This ts the amount owing to the shareholders in respect of the shareholding
       that they purchased in the company

       This figure is the total Estimated Deficiency to Members                   taken    from the
       bottom of sheet A1 - Summary of Ltabilities

       Trade and other creditors’ balances are provisional and subject to
       agreement in due course by the liquidator Inclusion or exclusion from the
       list of creditors does not constitute admission or rejection of claims by the
       liquidator




sume Dro)                                                                          08 January 2015
D - Deficiency Account

7     There are provisions of the insolvency legislation that require a 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 “floating charge”
      over its assets to a lender on or after 15 September 2003       This Is 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

         e    50% of the first £10,000 of the net property, and
         e    20% of the remaining net property up to a maximum of £600,000

      As the company has not given any floating charges the prescribed part
      provisions will not apply

      The Statement of Affairs does not take into account the cost of realisation
      of the assets or the cost of the liquidation and it ts subject to verbal
      explanations given at the meeting of creditors


Prepared by

HARRIS LIPMAN LLP
2 MOUNTVIEW COURT
310 FRIERN BARNET LANE
WHETSTONE
LONDON
N20 0YZ




                                                                      08 January 2015