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




                                  5.95|99
STATEMENT OF COMPANY'S AFFAIRS
Pursuant to Section 95/99 of the insolvency Act 1986


                                                                      For official use




                                                                      Company Number



To the Registrar of Companies Company     Number

GREYSTONE           & CO   LIMITED

 [Insert full name(s) and address(es)]

 1 JM Titley and M Maloney the Joint Liquidators of the above named Company,             attach a
 statement of the Company's affairs as at 13 February 2015




 Signed             Jyeuy                          Date      13 February 2015




 Presentor's name, address and reference (if
 any)

                                          For official use
 Leonard Curtis
 Hollins Mount
 Hollins Lane
 Bury
 BL9 8DG

 For official use                                                                   *AA1IS84A"
                                                                        A20          48/02/2015       #220
                                                                                COMPANIES HOUSE
Rule 4 34-CVL                                                                                        Form 4 19




                     Statement of Affairs


                     Statement as to affairs of

                     GREYSTONE & CO LIMITED
                     on the 13 February 2015 being a date not more than 14 days before the date of the resolution for
                     winding up




                     Statement of truth

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




                     Fullname        DANIO        Ge



                               —            Cy
                     Signed                 OS




                     Dated            R\2 | S




 CVLMF419 06-04-10
GREYSTONE & CO LIMITED



                                                                                                         APPENDIX |

                   DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 13 FEBRUARY 2015

                                                               Book value                      Estimated to Realise
                                                Note      £                   £                                  £
Assets Specifically Pledged
                                                 1              Nil
None
Less None                                                     (Nu)
Surplus / (Shortfall) c/fwd                                   (Nil}

Assets Not Specifically Pledged
Goodwill                                                  45,752
Debtors / Retentions                                      70,939
                                                 mh PF



Plant & Machinery                                          2,985
Fixtures and Fittings                                         343
Office Furniture and Equipment                              1,425
                                                 Ny




                                                                             121,444                             35,469
Preferential Creditors
Employee Claims / ERA 2006 Claims (est )                                      (1,000)                            (1,000)
Net Property available for Prescribed Part                                   120,444                                 34,469
Less Prescnbed Part                                                             (N/a)                                  (Nia)
Available for Floating Charge Creditor                                       120,444                                 34,469
Shortfall b/fwd                                                                   (Nil)                                 (Nil)
Surplus / (Shortfall) c/fwd                                                  120,444                                 34,469

Add Prescnbed Part                                                                 Nia                                   Nia
Available for Ordinary Unsecured Creditors                                    120,444                                34,469

Ordinary Unsecured creditors
Employee Claims / ERA 2006 Claims (est )                 (19,000)
                                                 w




H MRevenue & Customs - PAYE / NI (est)                    (5,574)
                                                 ono




H MRevenue & Customs - VAT (est )                        (14,620)
Directors’ Loans / Connected Creditors (est )            (54,595)
                                                 NSO




Trade and Expense Creditors (est )                       (64,907)
Total Ordinary Unsecured Creditors                                          (158,696)                          (158,696)
Estimated Deficiency as regards Creditors                                    (38,252)                          (124,227)
Issued share capital                                                             (100)                              (100)
Estimated Deficiency as regards Members                                      (38,352)                          (124,327)




oes                                                                         13 February 2015
         Mr David Gates
GREYSTONE & CO LIMITED


                                                                                                         APPENDIX II

                                  NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS

All book values have been taken from the Company’s latest financial information or from valuations obtained from
independent valuation agents It should be noted that no provision has been made for the costs of preparation of the
same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the
Liquidation


          Assets Specifically Pledged
          There are no assets which are specifically pledged
          Assets Not Specifically Pledged
          Goodwill
          The Financial Statements for the year ended 30 November 2013 show that Goodwill had a book value of
          £45,752 The estimated to realise value has been shown as £Nil for the purposes of the statement of affairs
          Debtors/Retentions
          The book value of Debtors / Retentions has been provided from information in the books and records and from
          information provided by the directors A general provision of 50% has been made in respect of bad / doubtful
          debts for the estimated to realise value for the purposes of the statement of affairs
          Plant & Machinery
          The book value of Plant & Machinery has been extracted from the Company's balance sheet as at 30
          November 2013, the estimated to realise value has been shown as ENil for the purpose of the Statement of
          Affairs as it is understood the Plant and Machinery has been disposed of
          Fixtures and Fittings
          The book value of Fixtures and Fittngs has been extracted from the Company's balance sheet as at 30
          November 2013, the estimated to realise value has been shown as £Nil for the purpose of the Statement of
          Affairs as it ts understood that the Fixtures and Fittings have been disposed of
          Office Furniture & Equipment
          The book value of Office Furniture and Equipment has been extracted from the Company's balance sheet as at
          30 November 2013, the estimated to realise value has been shown as £Nil for the purpose of the Statement of
          Affairs as itis understood that the Office Furniture and Equipment have been disposed of
          Employee Claims / ERA’2006 Claims (est.)
          Where applicable, employees will be entitled to make claims (subject to certain limits) under the Employment
          Rights Act 2006 (ERA’2006) from the government department known as the Redundancy Payments Service
          (“RPS”) The Employee claims may include arrears of pay, holiday pay, compensation In lieu of notice and
          redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will
          then lodge a claim against the Company in respect of the payments it has made Employee Claims / ERA’2006
          have been estimated for the purposes of the statement of affairs and are not considered as agreed amounts




            \W—s
 Signed         SSS                     =                                  13 February 2015
          Mr David Gates
GREYSTONE & CO LIMITED



                                                                                                            APPENDIX Il

                            NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont }

          Prescribed Part
          As the Company has no unsatisfied post-Enterprise Act charges, there will be no requirement to set aside a
          prescribed part tn this case
          The method of calculating the prescribed part is given below
          Where the net property does not exceed £10,000 (the prescnbed minimum) it may be considered that the cost
          of making a distnbution ts disproportionate to the benefits and no prescnbed part is required to be set aside
          Where the net property exceeds £10,000 the prescribed part Is calculated at a value of 50% of the first £10,000
          plus a further 20% of the net property which exceeds £10,000, up to a maximum prescribed part of £600,000
          HM Revenue & Customs - PAYE / NI & VAT
          The hability to HMRC in respect of unpaid PAYE, NIC and VAT has been extracted from the Company's books
          and records as provided by the directors and / or the Company's advisors The outstanding liabilities are in
          respect of the following periods
          PAYE INIC - 2013/2014
          VAT ~ 2013/2014
          Directors’ Loans / Connected Creditors
          Details of the directors’ loan accounts / connected creditors have been extracted from the Company's books
          and records as provided by the directors and / or the Company's advisors A detailed list of these amounts has
          been provided at Appendix II! The amount shown as claimed by Mr A Chalmers is disputed and all amounts
          shown as due as directors’ loans / connected creditors should not be regarded as agreed amounts
          Trade and Expense Creditors
          Details of the Company's trade and expense creditors have been extracted from the Company’s books and
          records as provided by the directors and / or the Company's advisors A detailed list of these amounts has
          been provided at Appendix I!! The amounts shown should not be regarded as agreed




          =        7;                   ee
 Signed       SS                                                              13 February 2015
          Mr David Gates
GREYSTONE & CO LIMITED

                                                                      APPENDIX Ill

                           SCHEDULE OF CREDITORS

See attached list




                  (am
 Signed   SSS                                      13 February 2015
          Mr David Gates
B - Company Creditors
G810Q Greystone & Co Limited

Code                 Name & Address                                  Amount of Debt

c0001                Natwest                                                21,055 00
                     Floor4
                     1 Hardman Boulevard
                     Manchester
                     M3 3AQ
C0002                Broken Cross Paint and Wallpaper                          797 48
                     5 Chelford Road
                     Macclesfield
                     Cheshire
                     SK10 3LG
C0003                 Builders Store Limited                                   328 42
                      Unit E11 Countess Avenue
                      Stanley Green Trading Estate
                      Cheadle Hulme
                      Cheshire
                      SK8 6QS
C0004                 Cheshire Cabinets Limited                                235 74
                      Unit 7 (3-4) Waterside Mill
                      Waterside
                      Macclesfield
                      Cheshire
                      SK11 7HG
C0005                 City Electrical Factors Limited                           86 97
                      Hulley Road
                      Hudersfield Ind Est
                      Macclesfield
                      Cheshire
                      SK10 2LP
 c0006                Crown Decorating Centre                                  313.57
                      Po Box 4
                      Crown House
                      Hollins Road
                      Darwen
                      Lancashire
                      BB3 0BG
 C0007                Dulux Decorator Centre                                  1,044 53
                      Units 1 & 2 Brookside Ind Est
                      Waterloo Road
                      Stockport
                      Cheshire
                      SK1 3BX
 C0008                East Cheshire Glass                                        90 00
                      Byron House
                      London Road
                      Macclesfield
                      Cheshire
                      SK11 7QX
 C0009                Jewson Limited                                             99 69
                      P & A Partnership Limited
                      93 Queen Street
                      Sheffield
                      St 1WF




                       Signature      SSS
                                         375   fo
                                                        Sate   bls
 G810Q
B - Company    Creditors
G810Q Greystone & Co Limited

Code                 Name & Address                                             Amount of Debt

C0010                Great Enterprise Company Limited                                   1,041 34
                     Fence House
                     Fence Avenue
                     Macclesfield
                     Cheshire
                     SK10 1LT
coo11                Henshaws                                                             332 00
                     150 Moss Lane
                     Macclesfield
                     Cheshire
                     SK11 7XF
C0012                Heatons Office Solutions Limited                                      48 49
                     Unit 2
                     Macclesfield
                     Cheshire
                     SKi0 1LT
C0013                 Hilts Panel Products Limited                                       1,182 79
                      Scottfield Road
                      Oldham
                      OL8 1LA
c0014                 Howdens Joinery Company Limited                                     714 02
                      Caswell House
                      Gowerton Road
                      Brackmills
                      Northampton


c0015                 Hingworth Ingham Limited                                            204 16
                      Hulley Road
                      Hurdsfield Ind Est
                      Macclesfield
                      Cheshire
                      SK10 2LP
C0016                 International Decorative Surfaces                                   979 76
                      London Road
                      Chesterton
                      Newcastle Under Lyme
                      Staffordshire
                      ST5 7PL
C0017                 Kenyons                                                             734 76
                      73 Great King Street
                      Macclesfield
                      Cheshire
                      SK11 6PN
 C0018                Macclesfield Tile Centre                                             203 08
                      7-9 Windmill Street
                      Macclesfield
                      Cheshire


 c0013                MKM Building Supplies Limited                                      1,556 91
                      Queens Avenue
                      Macclesfield
                      Cheshire
                      SK10 2BN


                                 =           :   —   ~~
                      Signattre       Sar                                Date
                        g            ————                 a


 G810Q                                                        Page 2/4
B - Company      Creditors
G810Q   Greystone & Co Limited

Code                   Name & Address                                           Amount of Debt
c0020                  PJH Group                                                         302 54
                       Bradley Fold Ind Est
                       Radcliffe Moor Road
                       Bradley Fold
                       Bolton
                       BL2 6RT
c0021                  Proquant Estimating Limited                                       288 00
                       Silk Point
                       Queens Avenues
                       Macclesfield
                       Cheshire
                       SK10 2BB
c0022                  Robert Lee Distribution Limited                                    173 34
                       Riverside Place
                       Lea Road
                       Waltham Abbey
                       Hertfordshire
                       EN9 1AS
C0023                  Skippy Nationwide                                                2,328 00
                       Nationwide House
                       Stafford Park 7
                       Telford
                       Shropshire
                       TF3 3BQ
C0024                  Technik Computers                                                   4200
                       13 Queen Victoria Street
                       Macclesfield
                       Cheshire
                       SK11 6LP
C0025                  Tile Giant Limited                                                  57 62
                       Po Box 5227
                       Northampton
                       NN5 7ZE
C0026                  Topps Tiles Limited                                              1,237 20
                       Unit Q Oak Green Business Park
                       Earl Road
                       Cheadle Hulme
                       Cheshire
                       SK8 6QL
C0027                  UK Plaster Products                                                 32 40
                       167/93 Chorley New Road
                       Horwich
                       Bolton
                       BL6 5QE
C0028                  Waterline Limited                                                7,828 09
                       Crown House
                       Edgefold Ind Est
                       Bolton
                       BL4 OLR
c0029                  Sage UK Limited                                                   264 53
                       North Park
                       Newcastle Upon Tyne
                       NE13 GAA


                                        Se
                       Signatures.            SS                    \ she lis

G810Q                                                    Page 3/4
B - Company Creditors
G810Q Greystone & Co Limited

Code                 Name & Address                                       Amount of Debt

C0030                Mr A Chalmers                                               21,305 00
                     72 Hill Top Ave
                     Cheadle Hulme
                     Cheshire
                     SK8 7JA
C0031                HM Revenue & Customs                                          5,574 00
                     Insolvency Claims Handling Unit
                     Benton Park View
                     Longbenton
                     Newcastle
                     NE98 1ZZ
C0032                HM Revenue & Customs                                         14,620 00
                     Insolvency Claims Handling Unit
                     Benton Park View
                     Longbenton
                     Newcastle
                      NES8 12Z
C0033                 Mr and Mrs Gates                                            54,595 18
                      6 Yew Tree Park Road
                      Cheadle Hulme
                      Cheshire
                      SK8 7EP
C0034                 Redundancy Payments Service                                  1,000 00
                      83 -85 Hagley Road
                      Colbalt Square
                      Birmingham


C0035                 Redundancy Payments Services                                19,000 00
                      83-85 Hagley Road
                      Cobalt Square
                      Birmingham


                                                                                £159,696 61




                   eqn                 ieee            ib   Date   shel
 G810Q