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                                                                                                             Form 4 20
 Rule 4 34 - CVL

                            The Insolvency Act 1986
                            Statement of Company's Affatrs

                            Pursuant to section 95/99 of
                            the Insolvency Act 1986



                                                                                                  For Official Use

                            To the Registrar of Companies                                  |                     |


                                                                                                 Company Number

                                                                                                      08256501


                            Name of Company


                              ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO


                            I/We

                            Mehmet Arkin, Maple House, High Street, Potters Bar, Hertfordshire, EN6 5BS




                            the liquidator¢s) of the above named company attach a statement of the company affairs
                            as at 20 January 2015




                            Signed                              ‘                 Date         20 January 2015


                            Arkin & Co
                            Maple House
                            High Street                                     >
                            Potters Bar                                     <
                                                                            a
                            Hertfordshire                                   w
                                                                            a
                            ENG 5BS                                         >
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                                                                                  A18          22/01/2015            #214
                            Ref      J301IT/MA/RS/SU                                     COMPANIES HOUSE
Software Supplied by Turnkey Computer Technology Limited   Glasgow
Rule 4 34-CVL                                                                           Form 4 19

                Statement of Affairs

                Statement as to affairs of

                ITAL-TRADE     RESTAURANT       LTD T/A FAT ANGELO

                on the 20 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              YUCHAO           HUAME,

                Signed                    GUNG


                Dated                    ao0foif 2015
                                                  Insolvency Act 1986

                                   ITAL-TRADE RESTAURANT         LTD T/A FAT ANGELO


                                  Estimated Statement Of Affairs as at 20 January 2015



                                                                           Book Value    Notes        Estimated to Realise
                                                                       £                              £               £

ASSETS                                                       ;
Cash in Hand                                                 \                  2,060                        1,600
Novaworld Ltd                                                                  19,780                    Uncertain
                                                                                                                             1,600
LIABILITIES
PREFERENTIAL CREDITORS -
Employee Arrears/Holtday Pay                                                                                                   NIL
                                                                                                                             1,600

DEBTS SECURED BY FLOATING CHARGE PRE 15 SEPTEMBER 2003
OTHER PRE 15 SEPTEMBER 2003 FLOATING CHARGE CREDITORS
                                                                                                                               NIL
                                                                                                                             1,600

Estimated prescribed part of net property where applicable (to carry forward)                                                  NIL
                                                                                                                             1,600
DEBTS SECURED         BY FLOATING CHARGE        POST 15 SEPTEMBER 2003
                                                                                                                               NIL
                                                                                                                             1,600


Estimated prescribed part of net property where applicable (brought down)                                                      NIL
                                                                                                                             1,600



Unsecured non-preferential claims (excluding any shortfail to floating charge holders)
Trade & Expense Creditors (2)                                                                              45,366
                                                                                                 aa




HM Revenue & Customs - PAYE/NI                                                                             11,140
HM Revenue & Customs - VAT                                                                                 43,429
                                                                                                 on




Director's Loan Account                                                                                     4,800
                                                                                                                        104,735
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F C's post 14 September 2003)                                                    103,135



Issued and called up capital
Ordinary Shareholders                                                                                                          100


TOTAL DEFICIENCY                                                                                                        103,235




sone            BAM
           Ms Yuchao      Huarg
           Director
Ital-Trade Restaurant Ltd T/A Fat Angelo

Notes to Director's   Estimated Statement of Affairs

          1 Titus represents cash held by the director following the sale of the sale of the Company’ closing stock

          2 This relates to the premium paid to Novaworld International Limited The Director has advised that under the
            terms of the licence agreement this has been forfeited as the Company ts in breach The licence agreement Is to be
            review by the liquidator to verify the position


          3 No employee claims are anticipated

          4 Section 176A (1)(a) requires liquidators to set aside the prescnbed part of the Company's net property for
            the satisfaction of unsecured debts "Net property" means the amount whih would, if it were not for this
            amount which would, if it were not for this provision, be available to floating charge holders (1 e after accounting
            for preferential debts and the costs of realisation) and if the floating charge was created on or after
            created on or after 15 September 2003 The "prescribed part" is 50% of the first £10,000 and 20% of the
            remaining net property (up to a maximum of £600,000)

            The liquidator will not be required to set aside the prescribed part if
                                                                   '

            a             The net property is less than £10,000 and he thinks that the cost of distributing the
                          prescribed part would be disproportionate to the benefit, or


            b             If the net property ts more than £10,000, if the provision is disapplied by the Court on
                          the application of the liquidator on cost-benefits grounds

            If the floating charge was created before 15 September 2003 there is no net property and,        consequently, no
            prescribed    part of net property                             ‘


            There are no charges registered against the Company so $176A(1)(a) does not apply in this instance


          5 See attached schedule

          6 This is the   amount due to HM Revenue & Customs in respect of PAYE/NIC for the full period of trading

          7 This is the   amount due to HM Revenue & Customs in respect of VAT for the full period of trading


          8 This ts the balance of funds loaned to the Company by the Director
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Arkin & Co
ITAL-TRADE RESTAURANT           LTD T/A FAT ANGELO
Register of Shareholders


                                                         No of Shares
Key           Name                             Pref           Ordinary   Other   Total

HHO0O         Ms Yuchao Huang                        0             100       0     100

1 Entries Totalling                               0                100       0     100




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