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Rules 4.34-CVL            The Insolvency Act 1986                                                                        Form 4 20

                          Statement of Company’s                                   S            9            5/99
                          Affairs                                                          *
                           Pursuant to Section 95/99 of the                                                                                      |
                           Insolvency Act 1986

                                                                                                                   For Official Use
                           To the Registrar of Companies


                                                                                                                 Company       Number
                                                                                                    |             02051758            ‘|
                           Name of Company
(a) Insert fullname of | (a) East Cleveland Motor Company Limited
company


(b) Insert full name(s)    We,   (b) Anthony Josephs                        Linda Farish
and address(es)            Gosforth Park Avenue                            Gosforth Park Avenue
                           Newcastle upon Tyne NE12 8EG                     Newcastle upon Tyne NE12 8EG

                           the Liquidators of the above named company, attach a statement of the company’s affairs
(c) Insert date            as at (c) 20 February 2015                                                                                                |




                           Signed         nh                  9   Oe        ere        adlali<
                                          YE)                      v4                                   |




Presenter's                Anthony Josephs

and reference (if         © RMT Accountanis & Business Advisors           Liquid   8
any)                       RMT, Gosforth Park Avenue                               w
al                         ee
                           Newcastle upon Tyne NE12 8EG                            S                | | ll *A420GGLL*
                                                                                                                  | | |                 |
                           LE4900                                                  3           Br                 25/02/2015         #170
                                                                                                            COMPANIES HOUSE
                                                                                                             I                              i]
Rule 4 34-CVL                                                                                         Form 4 19

                Statement of Affairs
                                         EAST CLEVELAND MOTOR COMPANY LIMITED

                Statement as to affairs of East Cleveland Motor Company        Limited
                on the 20th day of February 2015 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        Mr John Alderson


                Signed              ee
                                         ———SS=—


                Dated                    go       2       15




—
       =—=SS                —     Date   Qe           4    LS
A - SUMMARY OF ASSETS

                                                Book Value    Estimated to Realise
                                                          £                       £

Assets Subject to Specific Charge

Assets Subject to Fixed Charge
     Freehold Land and Property                      81,554                  60,000
     Less   Amounts Owing to Natwest Bank Ple      (50,458)                (50,458)
                                                     31,096                   9,542

Assets Subject to Floating Charge
     Cash at Bank                                     8,688                   8,688
     Furniture, Fixtures and Fittings                   210                       50
     Goodwill                                        38,042                         0
     Plant and Machinery                                764                     300
     Stock/Inventory on Hand                         17,190                  13,550
                                                     64,894                  22,588
Assets not Subject to Charge


Available to preferential creditors                  95,990                  32,130
A1 — SUMMARY OF LIABILITIES

                                                                              Estimated to Realise
                                                                          E                        £
Estimated total assets available for preferential creditors                                  32,130
                                    \
Liabilities
      Wages                                                         (2,339)
      Holiday Pay                                                   (4,988)
                                                                                            (7,327)
Estimated Surplus (Deficiency) as regards preferential creditors                            24,803
     Estimated prescribed part of net property (to c/f)                                     (7,961)
Estimated total assets available for floating charge holders                                16,843
     Floating Charge Claims                                                                        0
Estimated Surplus (Deficiency) of assets after floating charges                              16,843
      Estimated prescribed part of net property (b/d)                7,961
                                                                                              7,961
Total assets available to unsecured creditors                                                24,803
Unsecured non-preferentia} claims
     Associated Creditors                                          (90,000)
     Employees                                                     (48,717)
     HM Revenue and Customs                                         (6,778)
     Trade and Expense Creditors                                   (14,125)
                                                                                          (189,620)
Estimated Surplus (Deficiency) Unsecured creditors                                        (134,816)
      Share Capital
      Ordinary                                                        (400)
                                                                                               (100)
Estimated Surplus (Deficiency) as regards members                                         (134,916)




                                           vate    WO- 2-5
B COMPANY CREDITORS - EAST CLEVELAND MOTOR COMPANY LIMITED
NOTE You must include all creditors and identify any creditors under hire-purchase, chattel leasing or conditional sale agreements and customers claiming amounts paid
in advance of the supply of goods or services and creditors claiming retention of title over property in the company’s possession
Name of creditor or      Address (with postcode)                                                     Amount of | Details of any        Date security           Value of
claimant                                                                                                  debt £ | security held       given                 security £
Alderson, John (Mr)      c/o Lingdale Service Station Stanghow Road Lingdale Saltburn                 21,755 12                                                     000
                         Cleveland TS$12 3EH                                                                                                                               |
Alderson, Judith         c/o Lingdale Service Station Stanghow Road Lingdale Saltburn                 21,500 56                                                     000
Elizabeth (Mrs)          Cleveland TS12 3EH
Andrew Page Limited      Apson house, Unit 4 Colton Mill, Bullerthorpe Lane Leeds LS15 9JJ               400 00                                                     000
BCA                      Vehicle Finance, Headway House, Crosby Way          Farnham GU9 7XG                0.00                                                    000
Barry Carter Motor        Unit 1, 27 Camwal Road, Starbeck     Harrogate HG1 4PT                           40 92                                                    000
Products Limited
Best Partnership          Unit 14, The Courtyard, Grane Road     Haslingden BB4 4QN                        23 98                                                    0.00
BJ Luke                   Unit U, Thornley Station Industrial Estate, Shotton Colliery    DH6 2QA        255 84                                                     000
BP Fuels                 Eurosales Centre, Herald Drive Crewe CWW119EG                                  1,108 17                                                    000
British Telecom          Insolvencies, Dept W, Team Valley Trading Est Newcastle upon Tyne                   000                                                    000
                         NE83 7ZF
Clark, Brian (Mr)        c/o Lingdale Service Station Stanghow Road Lingdaie Saltburn                    653 85                                                     000
                         Cleveland T$12 3EH
Cowell, Melvin (Mr)      c/o Lingdale Service Station Stanghow Road Lingdale Saltburn                   1,332 74                                                    000
        -                Cleveland TS12 3EH
Euro Cat Parts           Unit 8 Clayton Court, Bowesfield Crescent Stockton TS18 3QX                    1,037 04                                                    000
Evans Hatshaw            Cambridge Road, Cargo Fleet Middlesbrough TS3 8AG                                 4315                                                     000
Greens _                 Stanghow Road, Lingdale, Saltburn Cleveland T$12 3EH                             357 11                                                    000
HM Revenue &              3rd Floor Euston Tower, 286 Euston Road      London NW1        3UH                0 00                                                    000
Customs
HM Revenue &              National insolvency Unit, 5th Floor Regian House, Chain Street               4,000 00                ,                                    000
Customs                   Liverpool L74 1AD
HM Revenue and           Insolvency Claims Handling Unit Room BP3202 Warkworth House                    2,778 16                                                    000
Customs                  Benton Park View _Longbenton Newcastle Upon Tyne NE98 1ZZ
John Alderson            c/o Lingdale Service Station Stanghow Road Lingdale Saltburn                 90,000 00                                                     000
                         Cleveland T$12 3EH
Johnston Publishing      PO Box 250, 26 Whitehall Road Leeds L$12 9EF                                   1,550 00                                                    000
Lewis, lan (Mr)          c/o Lingdale Service Station Stanghow Road Lingdale Saltburn                   9,935 06                                                    000
                         Cleveland TS12 3EH
Natwesi Bank Plc      High Street, Guisborough _TS14 6BW                                              50,458 00                        07/11/2014             50,458 00
North Eastern         Etel House, Avenue 1, Letchworth Herts SG6 2HU                                   1,626 95                                                     000
NPA                   Black Path, Portrack Lane Stockton TS18 2HE                                      3,656 67                                                     000
Redundancy Payments | PO Box 16685 Birmingham B2 2LX                                                        000                                                     000
Senices                             Ta)
r=          ———e                   KO-wz-      (9
Name of cieditor or     Address (with postcode)                                         Amount of | Details of any   Date security     Value of
claimant _                                                                                  debt € | security held   given           security £
Rowlands                 Gladstone House, Gladstone Street, Crook Co Durham DL15 9ED      2,073 72                                          000
SPC Morgan               Slapewath, Guisborough _TS14 6PX                                   775 00                                          000
Summers, Susan (Mrs)   | c/o Lingdale Service Station Stanghow Road Lingdale Saltburn       866 40                                          000
      _.                Cleveland TS12 3EH
Ww2000__                The Antler Complex, Bruntcliffe Way   Leeds LS27 0JG              1,176 00                                         000
    tee                        Date   HO   -2-    Ss
C SHAREHOLDERS - EAST CLEVELAND MOTOR COMPANY LIMITED
No | Name of         Address (with postcode)         Type of shares   Nominal amount of | Number of shares    Amount per share    Total amount
     shareholder                                     held                        share £             held £         called up £      called up £
     John Alderson   Sycamore House                  Ordinary                        100                 67                100             67 00
                     East Cowton
                     Northallerton North Yorkshire
                     DL7 OBN
     Peter List      35 Tynedale Close               Ordinary                       100                  33                100            33 00
                     Skelton Saltburn TS12 2WR
                                                                                                                         Total:          100.00
                          Date Ae:    2-     IS
                      East Cleveland Motor Company Limited

                       NOTES TO THE STATEMENT OF AFFAIRS

Secured Creditors National Westminster Bank plc were granted a legal mortgage by
the Company on 4 August 1989 (Registered 18 August 1989) and a debenture granted
on 7 November       2014   (Registered   11 November 2014) creating a fixed and floating
charges over the assets and undertaking of the Company

Freehold Property The Company's property is owned partially by the Company and
partially by the director's pension fund The value attributed to the Company’s section
of the Jand has been provided by the director on the basis of offers received but
rejected prior to the liquidation

Cash At Bank This relates to the realisations made        in relation to the sale of the car
stock

Furniture, Fixtures and Fittings, Plant and Machinery and Car Stocks These have
all been independently valued by professionai valuers, Lithgow Sons & Partners on a
forced sale basis

Preferential Creditors

Wages/Holiday Pay This represents amounts due to employees in respect of wages
arrears and accrued holiday pay which will be paid from the Redundancy Fund up to
the statutory limits prescribed and also includes employee claims tn excess of statutory
limits

‘Prescribed Part’

Under the provisions of the Enterprise Act 2002, introduced on 15 September 2003 the
preferential status of the Inland Revenue and Customs & Excise has been abolished

As a consequence of this a “prescribed part” of the Company’s assets must be set
aside for the benefit of the unsecured creditors in respect of any floating charge
security granted after 15 September 2003

The prescribed part is calculated as follows     -

e   50% of the first £10,000 of the net property of the company if the net assets are in
    excess of the £10,000
e   20% of the property thereafter, subject to a limit of £600,000

The prescribed part in this matter ts estimated at £7,961

Non Preferential Creditors                            ~

Employees’ Claims This represents amounts due to employees under the Employment
Rights Act 1986 in réspect of redundancy and compensation for failure to receive
statutory notice and payable to prescribed limits by Department for Business Innovation
& Skills (“BIS”), together with claims for redundancy and payment in fieu of notice in
excess of statutory limits prescribed by BIS

H M Revenue and Customs Represents PAYE and NIC of £2,778 16 outstanding for
the past two months and VAT of approximately £4,000 for the past three months

Trade Creditors Trade creditors are based on the books and records of the company
at the date of liquidation and are stated inclusive of VAT


SS                                 gee
    Inclusion does not constitute an admission that there is now or has been in the past
    any legal lability upon the company to make payment of the whole or part of the
    amount shown

8   The statement   of affairs does   not reflect the fees and expenses   of administering   the
    liquidation




a         oe                             20,        2-    iS