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Rule 4.34-CVL                 The Insolvency Act 1986                                                      Form 4.20
                              Statement of Company’s Affairs
                              Pursuant to Section 95/99 of the
                              Insolvency Act 1986                                                 8.95/99
                              To the Registrar of Companies                                   For Official Use




                                                                                            Company Number
                                                                                       08110559
                              Name of Company
(a)   Insert full name   of
      company                    Perfect Confectionery Limited



(b)   Insert full   name      VWe © Alex Kachani
      and address
                                       of   Crawfords Accountants LLP, Stanton House
                                            41 Blackfnars Road
                                            Salford
                                            Manchester, M3 7DB

(c)   Insert date
                              the Liquidator(s) of the above named company attach a statement of the company’s
                              affairs as at © 09 April 2015



                              Signed                  LphnA—                     Dat e. 09 April 2015



The presenter’s name,         Crawfords Accountants LLP                           For Official Use
address and reference         Stanton House




                                                                          iL
                                                                      Liquidation Section          Post Room
                              41 Blackfriars Road




                                                                             I C
                              Salford
                              Manchester M3 7DB
                              C665/5/AK/SH


                                                                                            17/04/2015           #290
                                                                                        COMPANIES HOUSE
Rule 4.34-CVL                                                                   Form 4.19

                Statement Of Affairs


                IN THE MATTER         OF PERFECT      CONFECTIONERY            LIMITED

                and

                IN THE MATTER OF THE INSOLVENCY ACT 1986

                Statement as to the affairs of Perfect Confectionery Limited

                on the 9 April 2015 the date of the resolution for wmding up


                Statement of Truth


                I/We        Mr John S Rose

                of          12 Richmond Terrace, Gateshead, Tyne & Wear, NE8       IRN




                Make a Statement of Truth and say that the several pages exhibited hereto and
                marked “JSR1” are to the best of my knowledge and beliefa full, true and complete
                statement as to the affairs of the above named company as at 9 April 2015 the date of
                the resolution for winding up and that the said company carried on business as
                Manufacturer of Bread, Pastries & Cakes



                                                    4A
                Signature                     vA


                Date                 9 April 2015
                                            IN THE MATTER OF

                                 PERFECT CONFECTIONERY LIMITED




This 1s the exhibit marked “JSR1” referred to in the Statement of Truth of Mr John S Rose
A— Summary of Assets

ASSETS                                                        Book Value | Estimated to
                                                                              Realise
Assets specifically pledged:-                                      £             £




Assets not specifically pledged:—
Trade Debtors                                                  23,816         Note 2
Cash in Hands of Accountants                                    6,327          6,327
Cash at Bank                                                    2,631          2,631
VAT Refund                                                     Note 4         Note 4
Goodwill of Business                                            2,000           NIL




Estimated total assets available for preferential creditors    34,774          8,958


                           A LG

Signature
                 ao”


                                /
Date               G / ¢ /} >

Summary of Assets (7/98)
Al ~- Summary of Liabilities

                                                                                  Estimated to
                                                                                    Realise

                    Estimated total assets available for preferential                 8,958
                    creditors (from Summary of Assets)
Liabilities
        Preferential Creditors:—




Estimated surplus as preferential creditors                                           8,958
        Debts secured by a floating charge:—

        Loan - John 8 Rose                                                2,300
                                                                                      2,300
Estimated surplus of assets available for non-preferential creditors                  6,658
        Non-preferential claims:—
                                                                              £
        Trade creditors per schedule                                     11,976
        Crown creditors per schedule                                    111,839
        Former Employee Creditor - Disputed                               7,494
        Director’s Loan Account                                             625
                                                                                   131,934
Estimated deficiency as regards creditors                                          125,276


                                                                              £
        Issued and called-up capital:-

                                                                                             1
Estimated deficiency as regards member                                             125,277




Signature


Date                   | +) ! y

Summary of Liabilities (7/98)
                                     Perfect   Confectionery   Limited

Notes to the Statement _of Affairs

1         The 2013 accounts reported company assets comprise plant and machinery with a net book
          value of £23,410 as at 31 August 2013 The company sold these assets to John Rose trading
          as J S Management, a connected party, in the sum of £10,000 on 2 September 2014, which
          was based on an independent professional valuation carried out by Edward Symmons,
          valueers and auctioneers, in 2012. These assets would have a net book value of circa
          £17,557 at the time of the sale, after a further annual depreciation on a 25% reducing
          balance basis This resulted in a loss on sale of the plant and machinery of circa £7,577 The
          company also sold its residual stock and a motor van to John Sam Rose, a connected party
          sale, for a total consideration of £1,505

          There are trade debtors with an outstanding balance of circa £23,816 A preliminary review
          of the trade debtors cannot be carried out at the time of preparing this report and therefore no
          estimate has been provided on the estimated realisable value of debtors

          A sum of £2,960 has been received from the company which 1s shown on the face of the
          Statement of Affairs as cash in hands of accountants The director advises that he 1s
          presently holding a further £3,367 from customer receipts which he will bring to the meeting
          on 9 April 2015, totalling £6,327

          There is a potential VAT refund of circa £1,535 due to the company but this 1s likely to be
          set-off against the company’s indebtedness to other crown creditors No set-off has been
          applied for the purpose of the Statement of Affairs

          Claims of creditors are subject to agreement in due course The amounts stated will not
          preyudice your clam which will be agreed, 1f appropriate, by the Liquidator in due course. It
          is understood from the director that the company 1s indebted to Salford City Council in
          respect of unpaid business rates but this amount has not been quantified at thts stage and
          therefore, an estimate of this lability cannot be provided at this stage.

          No provision has been made in respect of claims by employees under the terms of the
          Employment Rights Act 1996 but former employees are due arrears of wages, holiday pay,
          redundancy pay, and/or statutory notice pay, where appropriate Mr S I Levy, a former
          employee of the company, brought an employment claim against the company for unfair and
          wrongful dismissal and a sum of £7,493.87 has been awarded to him but thts amount 1s
          being disputed by the company.

          Section 176A of the Insolvency Act 1986 (as amended) requires the Liquidator to set aside a
          percentage of a company’s assets for the benefit of the unsecured creditors in cases where
          the company gave a “qualifying floating charge” over its assets to a lender on or after 15
          September 2003 This 1s known as the “prescribed part of the net property ” A company’s
          net property 1s that left after paying the preferential creditors, but before paying the lender
          who holds a floating charge A Liquidator has to set aside. -

          * 50% of the first £10,000 of the net property, and
          + 20% of the remaining net property up to a maximum of £600,000.
     In this case, there 1s a qualifying floating charge created or registered on or after this date in
     favour of John Sam Rose who is the sole director and shareholder of the company The
     value of the net property is uncertain at this stage, as the value of the recoverability of the
     trade debtors cannot properly be assessed in the absence of complete records. The prescribed
     part is currently estimated at £NIL. Creditors should note that the costs and expenses of
     these proceedings will be deducted before the net property 1s calculated so that both the net
     property and any prescribed part will only apply if realisations from trade debtors can be
     substantially recovered ito the estate, which 1s uncertain at this stage.

     Subject to the costs and expenses of the winding up.

     Subject to the verbal explanations to be given at the meeting of creditors 9 April 2015

10   The Deficiency Account estimated the trading losses to be circa £84,278 for the final trading
     period from 1 September 2013 to date of liquidation being 9 April 2015. The final trading
     loss of £84,278 does not take into account the potential recovery of trade debtors which have
     a total book value of circa £23,816



     Estimated Deficiency Account                                            £                         £

     Amounts written off assets:

         Book Value                                                       34,774
         Estimated to Realise                                              8,958
                                                                                              25,816

         Proceeds from Sale of Plant and Machinery                        10,000
         Plant and Machinery ~ Net Book Value                             17,557
         Loss on Sale of Plant and Machinery                                                   7,577

         Proceeds from Sale of Stock                                       1,330
         Stock — Cost Value                                                1,330
         Profit/Loss on Sale of Stock                                                            NIL

         Proceeds from Sale of Motor Van                                     175
         Motor Van — Net Book Value (Est)                                  1,000
         Loss on Sale of Motor Van                                                               825

         Former Employee Claim — Disputed                                                      7,493

         Profit and Loss Account ~ 31 August 2013                                                712CR

         Estimated trading losses for the period from
         1 September 2013 to cessation                                                        84,278

         Estimated Total Deficiency as per
         Statement of Affairs                                                               425,277
                                  PERFECT CONFECTIONERY LIMITED

Secured Creditor

                                                                                             £
Mr J S Rose t/a J S Management,     12 Richmond Terrace, Gateshead, Tyne & Wear NE8     2,300.00
IRN

                                                                                        2,300.00

Schedule of Trade Creditors

                                                                                            £
First Data Merchant Solutions, First Data Europe Ltd, Janus House, Endeavour Drive,       117.00
Basildon, SS143WF       Ref 520334507273639

Gazprom Energy, 5th Floor Bauhaus, 27 Quay Street, Manchester, M3 3GY                     235.00
Ref: 10038192

Grunsfeld Fine Foods Ltd      10 Waterpark Road, Salford, M7 4AS                          319.77

Hudson Energy Avebury House, 219-225 Avebury Boulevard, Milton Keynes, MK9 1AU            120.00
Ref: 00003503

Hudson Energy Avebury House, 219-225 Avebury Boulevard, Milton Keynes, MK9 [AU              0.00
Ref: 00003725

Kolbo    28 Wellington Street East, Salford, M7 2AX                                     1,284.91

Linksmine Ltd     12 Richmond Terrace, Gateshead, NE8 1RN                               7,519 23

Opus Energy     Royal Pavilion,   2 Summerhouse Road, Moulton Park, Northampton, NN3    1,300 00
6BJ     Ref: 662953

Salford City Council Customer & Support Services, Unity House, Salford Civic Centre    See Note 5
Chorley Road, Swinton Salford, M27 SAW

SSE Southern Electric Inveralmond House, 200 Dunkeld Road, Perth, PHI 3AQ                 120 00
Ref: 0712030414

SSE Southern Electric Inveralmond House, 200 Dunkeld Road, Perth, PHI 3AQ                 600 00
Ref: 2028036315

SSE Southern Electric Inveralmond House, 200 Dunkeld Road, Perth, PH! 3AQ                 100.00
Ref     9720959315

Taim Deli Unit 12, Knoll Street, Salford, M7 2BL                                          260 34

United Utilities PO Box 50, Warrington, WA55      1AQ                                       0.00



                                                                                       11,976.25
Schedule of Crown Creditors

                                                                                                £
H M Revenue & Customs,      Durrington Bridge House, Barrington Road, Worthing            111,839 47
BN12 4SE    Ref     475/SA81487 [PAYE/NIC]
HM   Revenue & Customs, National Insolvency Unit, 5th Floor Regian House, James Street,             -
Liverpool, L75 1AD_    Ref: 141 2625 47 [VAT] _                                                         |

                                                                                          111,339.47



Former Employee Creditor

                                                                                                £
  Mr Solomon I| Levy, 47 George Street South, Salford, M7 9PN [Disputed]                    7,493 87

                                                                                            7,493.87



Director’s Loan Account

                                                                                                £
 Mr J S Rose,     12 Richmond Terrace, Gateshead, Tyne & Wear NE8   1RN                       625 00


                                                                                              625.00




 Total (Unsecured)                                                                        1193459       |