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Rule 4.34                                                                                                      Form 4 20




                                                                                    5.95/99
                     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
                                                                                                       08182779

                                Name of Company
{a) Insert full name of         (a) Stovebase Limited
company




(b) Insert full name and        We (b)
addresses                       Jonathan Mark Taylor
                                T H Corporate Services Limited
                                Chandler House
                                5 Talbot Road
                                Leyland
                                PR25 22F
                                United Kingdom

(c} Insert date                 the liquidator(s) of the above-named company attaches a statement of the company's
                                affairs as at (c) 28 November 2013




                                Signed      ofp              —               Date    (29 November 2013
                                            a

                                                                                        For Official Use




                                                                                    wy
Presenters name,
                                T H Corporate Services Limited           Liquidation Section             Post Room
address and reference
(if any)                        Chandler House
                                § Talbot Road
                                Leyland
                                PR25 2Z2F
                                United Kingdom



                                                                                            02/12/2013
                                                                                        COMPANIES HOUSE
Rule 4 34-CVL                                                                          Form 4 19


                Statement of Affairs


                Statement as to affairs of        Stovebase Limited


                on the 28 November 2013 being a date not more than 14 days before 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        On distesbrece.        Bers         ou

                       Signed            QW Q


                       Dated            2G.       tt   2of4




 Signature.     AO.                                              Date. 29        { (    20   cy
Stovebase Limited

A - Summary   of Assets

Assets                                Book Value           Estimated to Realise




Assets
 Cash Balances — held by Streamline          26,756                               26,756


Estimated total assets available                                                  26,756




 Signature.     uy,                       pate__2%    Il    2o/%
At — Summary    of liabtlities

                                                                                            Estimated to Realise


Estimated total assets available for preferential creditors
                                                                                                               26,756
(carried from page A)
Preferential creditors:



Total Preferential Claim

Estimated deficiency / surplus as regards preferential creditors




Tota! assets avatlable                                                                                         26,756
Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
Trade Creditor                                                                               142,561
                                                                                                            (142,561)


Estimated surplus / deficiency as regards non-preferential creditors     ¢
(excluding any shortfall to floating charge holders)
                                                                                                            (115,805)
tssued and called up capital
   Ordinary                                                                                      100
                                                                                                                   (100)

Estimated total deficiency / surplus as regards members                                                     (115,905)




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     STOVEBASE             LIMITED

     Comments         on the Directors’ Statement of Affairs

     The Statement of Affairs does not reflect the costs of insolvency and realisation

     Assets

     Cash Balances

     Company      sales were generated wholly via the website, which included an online payment
     facility with Sagepay and Streamline Once a payment was made online, the funds are held
     on account by Streamline for a short period, approximately 4 days, before being forwarded
     onto the company The cash balances held by Streamline relate to funds paid by customers
     but not transferred to the company

     Streamline have received applications from numerous customers reclaiming the amounts
     paid {tis understood that these funds will be used to repay those customers, and any future
     customers who have not yet submitted a claim, subject to proof of a valid and recoverable
     claim

     Creditors

     The unsecured claims total £(142,561)    | would point out that the amounts shown have been
     provided by the director and the company accountant, and therefore may not necessarily
     agree with your own records     However, the amounts stated will not prejudice your claim as it
     will be agreed by the Liquidator in due course   Creditors may also be entitled to claim VAT
     Bad Debt Relief on thetr claims

     It should also be noted, that due to a breakdown in communication with Streamline, the
     Director 1s unclear whether any of the customer creditors (as per this report) have already
     made successful claims and recovered their funds    Any such recoveries would reduce the
     overall deficiency to creditors

     £36,100 83 of the unsecured      claims   relates to funds   that the director,   via Ramsbottom
     Stoves, has personally tnyected into the Company

     Shares

     The issued and fully paid up share capital is £100     resulting in an overall total deficiency of
     £(115,905)