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                                                                                                                    Form 4.20
 Rule 4 34 - CVL

                            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

                                                                                                           01854105


                            Name of Company


                              Minister Racing Engines Limited


                          Aiwe
                           Mark Newman                                                   Vincent John Green
                           Jaeger House                                                  Jaeger House
                            5 Clanricarde Gardens                                        5 Clanricarde Gardens
                            Tunbridge Wells                                              Tunbridge Wells
                            Kent TN1 1PE                                                 Kent TN1 1PE




                            the fiquidator(s) of the above named company atiach a statement of the company affairs
                            as at 22 February 2012




                            Signed      AN                                        Date           22 February 2012
                                          a



                            CCW Recovery Solutions LLP                                               COMPANIES HOUSE
                            Jaeger House
                            5 Clanricarde Gardens                      Insolvel
                            Tunbridge Wells
                            Kent TN1 1PE

                                                                                         405          *A13QGNHM"
                            Ref      MINOO001/MN/VJG/CP/LG                                       ,     29/02/2012       #350
Software Supplied by Turnkey Computer Technology Limited   Glasgow
"Rule 4 34-CVL                                                                             Form 4 19

                   Statement of Affairs

                 _ Statement as to affairs of

                   Minister Racing Engines Limited

                   on the 22 February 2012 the date of the resolution for winding up



                   Statement of truth



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




                   coe                            Oa                     VUE
                   Full Name                GeAuAW          Gul    Late.




                   Dated                               22. b |
                                                           rel
Minister Racing Engines Limited
Statement Of Affairs as at 22 February 2012

A- Summary of Assets
                                                                                      Estimated to
Assets                                                         Book Value                Realise
           :                                                         £                       £

Assets subject to fixed charge:
Goodwill                                                                 NIL     5,000 00
Barclays Bank plc                                                              (10,946 22)
Deficiency c/d                                                                  (5,946 22)

Barclaycard Commercial                                                          (5,722 74)
Deficiency c/d                                                                  (5,722 74)


Assets subject to floating charge.

Uncharged assets:
Plant & Machinery                                                 11,797 50                          35,250 00
Fixtures & Fittings                                                2,035 50                             475   00
Motor Vehicle and trailer                                          2,236 50                           7,500   00
Stock - Engines and parts                                               NIL                           2,500   00
Work in progress (2 engines)                                       5,500 00                           5,500   00
Book Debts                                                        13,543 35                          13,084 84
Cheques held                                                       4,834 23                           4,834.23
Miscellaneous refund                                                 109 11                             109 11

Estimated total assets availabile\for preferential creditors                                         69,253 18



Signature                                           Date   22-2      po.
Minister Racing Engines Limited
Statement Of Affairs as at 22 February 2012

A1 - Summary of Liabilities
                                                                                                      Estimated to
                                                                                                           Realise
                                                                                                                   £

Estimated total assets available for preferential creditors (Carried from Page A)                         69,253 18

Liabilities
     Preferential Creditors -
         Minister Int   Ltd - Directors wages                                             1,600 00
         Minister Int Ltd - Staff wages                                                   3,200 00
                                                                                                           4,800 00
Estimated deficiency/surplus as regards preferential creditors                                            64,453 18

Debts secured by floating charge pre 15 September 2003
Deficiency b/d                                                                                            11,668 96
                                                                                                          52,784 22

Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                                 Nii
                                                                                                          52,784 22

Estimated prescribed part of net property where applicable (to carry forward)                                    NIL
Based on floating charge assets of Nil
Estimated total assets available for floating charge holders                                              52,784 22

Debts secured by floating charges post 15 September 2003
                                                                                                                NIL
Estimated deficiency/surplus of assets after floating charges                                             52,784 22

Estimated prescribed part of net property where applicable (brought down)                                       NIL
Total assets available to unsecured creditors                                                             52,784 22

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
        Trade & Expense Creditors                                                        19,960 02
        Employees’ redundancy                                                            43,044 20
        Directors’ redundancy                                                            20,852 50
        HM Revenue & Customs - PAYE/NIC                                                  20,002 37
        HM Revenue & Customs - VAT                                                       15,797 49
        The Pensions Regulator                                                                33 00
        Landlord - Graham Fuller                                                           1,687 50
        Minister International Limited                                                   41,291 86
                                                                                                         162,668 94
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F.C’s post 14 September 2003)                                   (109,884 72)

Estimated deficitency/surplus as regards creditors                                                     (109,884 72)

[ssued and called up capital
        Ordinary Shareholders                                                               100 00
        Ordinary B Non-voting Shareholders                                                   30 00
                                                                                                              130 00
Estimated total deficiency/surplus As regards members                                                   (110,014 72)




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