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                                                                                                                     Form 4 20

Rule 4 34-CVL                The Insolvency Act 1986




                             “er                                                      S.95/99
                             Statement of Company's


                             Pursuant to Section 95/99 of the
                             Insolvency Act 1986


                                                                                                                  For official use


                             To the Registrar of Companies



                                                                                                    Company Number
                                                                                                     ooSSSi4S

                             Name of Company
   (a) Insert full name of
                company      (@)   Gerese        VY    cummimS
                                                                                                                         Limited

                                       CSU      TE of>                        Northpoint

   (b) Insert full name(s)   ire (b)                                     Yorkshire Chambers
         and address(es)
                                                                           118 Pilgnm Street
                                                                        Newcastle upon Tyne
                                                                               NE1 6S8G
           (c) insert date   the liquidator(s) of the above-named company attach a statement of the company’s affairs as
                             at (c)
                                       2t\be\\S
                             sores SENN ses                                  one ale S
       Presenter's name,
address and reference (if                                                                      For Official Use
                      any)                                                         Liquidation Section        Post Room




                                                                                                 Ag ,        30/04/2015
                                                                                                         COMPANIES HOUSE
Rule 4 34-CVL                                                                            Form4 19
                                                                                            ~

                Statement of Affairs


                Statement as to affairs of George              V Cummins Limited


                on 24April 2015 being a date not more than 14 days before the date of the
                resolution for winding up _~




                Statement of truth

                I believe that the facts stated in this Statement of Affairs are true.

                Full name       Ian Reichard


                Address         10 Ashdale Court, Roker, Sunderland SR6 9SZ



                syncs           an (Lou!
                Dated           24 April 2015
George V Cummins Limited
Directors’ Statement of Affairs on 24 April 2015

                                                                                   Book,           Estimated,
                                                                                  value             to realise)
                                                                                       £                     £
Assets subject to fixed charge
Leasehold property at 26 Sedling Road, Wear Ind Est NE38 9BZ                   103,065                 80,000.

Less:
Due to Mr G V Cummins and Mr M Stubbs                                         (436,874)            (436,874),

jDeficiency as regards Fixed Charge Holders ranking equally                   (333,809)|           (356,874);
                                                                                           T
‘Assets subject to floating charge                                                         |
'G V Cummins Limited                                                           956,266;
|Book debts                                                                    125,000]              100,000!
|Motor vehicle                                                                    2,000                 2,000:
‘Cash at Bank                                                                    30,000!              30,000!

Estimated total assets available for preferential creditors                   1,113,266!             132,000'

{Preferential creditors
‘Employees related claims - holiday pay                                                                (5,000)

Surplus as regards preferential creditors                                                            127,000
Estimated prescribed part of net property where applicable (c/f)                                     (23,400}|
                                                                                                                  |
Estimated total assets available for floating charge holders                                          103,600

\Debts secured by floating charges
 Mr G V Cummins and Mr M S Stubbs                                                                   (356,874)

Deficiency of assets after floating charges                                                         (253,274) |

'Estimated prescribed part of net property where applicable (b/d)                                      23,400

‘Total assets available to unsecured creditors                                                         23,400
 Unsecured non-prefrential claims (exc shortfall to floating charge holder)                         (111,207)
 Employee related claims - redundancy and pay in lieu                                                (75,000)

 Deficiency as regards non-preferential creditors                                                    (87,807)|
 Shortfall to floating charge holders (b/d)                                                         (253,274)|

 Deficiency as regards floating charge creditors                                               ‘    (341,081):
‘Issued and called up share capital                                                                    (1,500):

|Deficiency as regards members                                                                      (342,581);




 lan Riechard
 24-Apr-15
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