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                                                                                                                                 Form 4 20
Rule 4 34-CVL                  The Insolvency Act 1986




                               sf                                                             S.95/99
                               Statement of Company's

                                                                                                    a
                               Pursuant to Section 95/99 of the
                               Insolvency Act 1986


                                                                                                                           For official use
                                                                                                                           rrr              a


                               To the Registrar of Companies




                                                                                                           Company Number
                                                                                                           01975246



                               Name of Company
   (a) Insert full name of
                company        (a) Myrrh Limited




   (b) Insert fullname(s)    — |                    Richard Rones
        and address(es)        Of                   ThorntonRones Limited
                                                    311 High Road
                                                    Loughton
                                                    Essex
                                                    1G10 1AH

           (c) Insert date     the Liquidator of the above named Company attach a statement of the Company’s affairs as at
                               16 January 2015




                               Signed               [Ee                       Date       Wag



      Presenters name,         cv 320A/RJR/HS/SS/M188/0602                                              For Official Use
address and reference (if
                      any)         Harmison Smith
                                   ThorntonRones Limited
                                   311 High Road
                                   Loughton
                                                                                     FRIDAY




                                   Essex
                                   {G10 1AH                                                                  *A3ZNUFSX*
                                                                                              A17             23/01/2015            #353
                                                                                                         COMB   ANIES   uALies
Rule 4 34-CVL                                                                       Form 4 19


                Statement of Affairs


                Statement as to affairs of-

                MYRRH       LIMITED

                On 16 January 2015, the date of the resolution for winding up



                Statement of Truth

                ! believe that the facts stated in this statement of affairs are a full, true and
                complete statement of the affairs of the above named company as at
                16 January 2015




                Full name         AnpREW        Foun      STABLES



                Signed                      He




                Dated                         16 Frccany       2O1F
                                                                                                                          Appendix A
                                                            Myrrh Limited

                                          DIRECTORS’ ESTIMATED STATEMENT OF AFFAIRS
                                                        AS AT 16 January 2015


                                                                    Notes             Book Value               Estimated to Realise

                                                                                                      £                       £
ASSETS

Assets specifically pledged


52 Ossory Road, London                                                1                             541,600                   541,600
Less Unity Trust Bank                                                 1                            (198,898)                (198,898)
Surplus/Deficit cif                                                                                 342,702                   342,702


Assets not specifically pledged


Surplus from 52 Ossory Road                                           1                             342,702                   342,702
Cash at Bank                                                          2                                   18                        18
Fumiture & Equipment                                                  3                               18,689                       4,424
Debtors                                                               4                              83,039                       66,432

Surplus/(Deficit) available to preferential creditors                                               444,448                   413,576


Preferential Creditors

Employee Entitlements                                                 5                             (17,193)                 (17,193)

Net assets                                                                                          427,255                   396,383

Less Prescribed Part - Section 176a Insolvency Act 1986               6                             (69,782)                 (69,782)

Surplus (Deficit) available unsecured creditors                                                     357,473                   326,601

Prescribed Part - Brought Down                                        6                              69,782                    69,782

Unsecured Creditors

Trade & Expense Creditors                                             7             39,064                      39,064
HM Revenue & Customs                                                  8             17,946                       17,946
Employee Entitlements                                                 5            204,560                     204,560
Pension Cessation Liability                                           9            319,328                     319,328
                                                                                                   (580,898)                (580,898)

Estimated defictency as regards creditors                                                          {153,643}                (184,515)

Issued and Called up Capital

Trustees Guaranteed Sum                                               10                                                                   7

Estimated total deficiency                                                                                                  (184,522)


          Signature      Ye.                                       Date     (6% Jansor,      201
                                                      Myrrh Limited
                                     NOTES TO THE DIRECTOR'S STATEMENT OF AFFAIRS
                                                        AS AT 16 January 2015
52 Ossory Road, London


The property is hefd under a long term lease which commenced on 21 December 1995 The property was formally valued by surveyors
in April 2013 with an estimated market value of £550,000 Itis estimated that the property will realise a similar value on the market
today

Since being instructed | have been informed that the Unity Trust Bank who hold a fixed and floating charge over property have
exercised their nght to appoint an LPA Receiver An LPA Receiver pursuant to the Law of Property Act 1925 1s a person (not
necessanly an insolvency practitioner) appointed to take charge of a mortgaged property by a lender whose loan ts in default, usually
with a view to sale or to collect rental income for the lender

Cash at Bank

The sum of £18 1s being held in the company's bank account

Furniture and Equipment

Agentcite Limited an expenenced firm of chattel agents have valued the assets for the purposes of the Statement of Affairs       The book
value has been taken from the balance sheet as at 31 July 2013

Agenticte have estimated that the office furniture and equipment has an estimated realisable value of £2,819 and the worshop
equipment has an estimated realisable value of £1,605 It should be noted however that the landiord at the Brass Tacks Training
centre has changed the focks and prevented our agents from gaining access Therefore realisations may be less than esttmated

A number of Computers and Servers were subject to finance agrrements         There will be no surplus avatlable to the liquidation from
these

Debtors

The book value and estimated to realise vale of the debtors has been provided by the directors

The debtors consist of two debtors and are estimated to realise 66,432    A 20% bad debt proviston has been estimated

Employee Entitlements

Final employee claims are estimated The Company's employees are entitled to claim for any wage arrears, accrued holiday pay,
notice penod entitlement and redundancy payments      Of these claims, wages up to £800 and all holiday ts preferential which means
that these amounts have to be settled pnor to any other unsecured claims Any remaining claim ranks equally with all other unsecured
creditors
Prescribed Part

Section 176A of the Insolvency Act 1986      provides that the office holder of a company in fiquidation must make a percentage of the

The level at which the prescnbed part will be calculated 1s as follows

            -   The prescnbed minimum will be set at £10,000
            :   50% of the first £10,000 of net property,
            -   20% of net property thereafter
            -   Up to a maximum prescnbed part of £600,000

Trade & Expense Creditors

A schedule of the Company's creditors Is attached at Appendix B
 8   HM Revenue & Customs (“HMRC”)

     The debt to HMRC    is made up as follows

     Type           Amount (£)

     PAYE                 17,946
                          17,946

     The liability relates to two months arrears of payments

     Pension Cessation    Liability

     The London Pension Fund Authonty have submnted a claim for the sum of £319,327 56 This hability represents the lump sum due
     from the company upon cesastion of the scheme

10 Trustees Guaranteed Sums

     The Company ts limited by guarantee, which means that there are no shareholders       Instead the Company has members/subscnbers
     who provide a guarantee limited to a certain sum, which in this instance ts £1 In the event that the Company is wound up on an
     insolvent basis the members/subscribers must contribute this sum to the Company's assets


11   Fees and Expenses

     tn prepanng the Statement of affairs, no account was taken of the cost of holding meetings of members and creditors or the costs of
     liquidation The Company has agreed a fee of £7,000 plus VAT and disbursements in respect of assistance provided in the
     preparation of the Statement of Affairs and in convening meetings of the Company's members and creditors
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