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                                                                                                                        Form 4.20
  Rute 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                                            f

                                                                                                          Company Number

                                                                                                                 08544639


                             Name of Company


                               Building Capacity Limited


                             |/We

                            Gordon Smythe Goldie, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne, NE3
                            3LsS

                            Matthew James        Higgins, Bulman     House,   Regent Centre, Gosforth, Newcastle            upon Tyne,
                            NE3 3LS




                            the liquidator(s) of the above named company attach a statement of the company affairs
                            as at 23 March 2015




                            Signed          fi. AA                                     Date           23 March 2015




                            =
                            Tait Walker
                            Bulman House
                                                                                              For Official Use




                                                                                              LM
                            Regent Centre, Gosforth                           Insolv




                            Ref      1001393/GSG/MJH/KP/NF/CH                                             26/03/2015         #317
Software Supplied by Turnkey Computer Technology Limited   Glasgow                                   COMPANIES HOUSE
‘
    Rule 4 34-CVL                                                                           Form 4 19

                    Statement of Affairs

                    Statement as to affairs of

                    Building Capacity Limited

                    on the 23 March 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                 “Sosetens        Doe    we    Seu



                    Signed                             —
                                                       4      >a)



                    Dated                        ex)       \ > | 1S
Building Capacity Limited
Statement Of Affairs as at 23 March 2015

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

Assets subject to fixed charge:

Assets subject to floating charge’

Uncharged assets:
IT Equipment & Office Furniture                                  2,130 00                     1,900 00
Book Debts                                                      14,156 20                     1,526 20
Petty Cash                                                          73:00                        73 00

Estimated total assets available for preferential creditors                                   3,499 20



Signature                                          Date       24[4      | iS
Building Capacity Limited
Statement Of Affairs as at 23 March 2015

A1 - Summary of Liabilities
                                                                                                        Estimated to
                                                                                                             Realise
                                                                                                                    £

Estimated total assets available for preferential creditors (Carried from Page A)                            3,499 20

Liabilities
     Preferential Creditors -
          Dept of Emp Arrears & Holiday Pay                                                7,844 10
        Employee Arrears & Hol Pay                                                         2,547 74
                                                                                                            10,391 84
Estimated deficiency/surplus as regards preferential creditors                                              (6,892 64)

Debts secured by floating charge pre 15 September 2003
Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                                   NIL
                                                                                                            (6,892 64)

Estimated prescribed part of net property where applicable (to carry forward)                                      NIL
Estimated total assets available for floating charge holders                                                (6,892 64)

Debts secured by floating charges post 15 September 2003
                                                                                                                   NIL
Estimated deficiency/surplus of assets after floating charges                                               (6,892 64)

Estimated prescribed part of net property where applicable (brought down)                                          NIL
Total assets available to unsecured creditors                                                               (6,892 64)

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
        Trade Creditors                                                                  104,777   71
        Employees Arrears/Hol pay/Pay in Lieu                                             55,900   32
        Dept of Emp Arrears/Hol/Pay in lieu                                                9,034   97
        Directors Loan Account                                                            59,000   00
        Lloyds Bank overdraft                                                                141.00
        H M Revenue & Customs - NI Cont                                                    1,422 99
        H M Revenue & Customs - VAT                                                        6,539 93
                                                                                                           236,816 92
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F.C's post 14 September 2003)                                     (243,709 56)

Estimated deficiency/surplus as regards creditors                                                        (243,709 56)

Issued and called up capital
        Ordinary Shareholders                                                                100 00
                                                                                                               100 00
Estimated total deficiency/surplus as regards members                                                    (243,809 56)




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Building Capacity Limited

Notes to the Directors Statement of Affairs                     Dated: 23 March 2015


Valuations

IT equipment and office furniture have been valued by independent valuers, H & H
James Sutherland of Newcastle upon Tyne H & H James Sutherland are members of the
National Association of Valuers & Auctioneers

IT Equipment & Office Furniture

Office furniture and equipment with a net book value of £2,130, is estimated to realise
£1,900 on a forced sale basis

Book Debts

The Company’s books and records indicate gross book debts of £14,156 20 after a
provision for bad and doubtful debts the directors estimate that £1,526 20 will be
realisable

Petty Cash

This amount relates to funds held n the company petty cash tin

Employees

Employees of the Company have claims for arrears of pay, holiday pay and pay 1n lieu of
notice pay, as appropriate, following the termination of their contact

Both arrears of pay and holiday pay rank as preferential claims subject to statutory limits
Amounts in excess of the statutory limits together with pay in lieu of notice and
redundancy pay rank as unsecured claims

Employee     claims   have    been   estimated   based   upon     information     available       at present
Certain of the employee claims will be discharged through the National Insurance Fund,
and the fund will have subrogated claims for any amounts paid to the employees

Director Loan Accounts

This represents funds introduced to the company             by the directors, Mr Jones and Mr
Gallon




TAIT WALKER TURNAROUND       AND INSOLVENCY                                Building Capacity Limited Report to Creditors
                                                                      Private & Confidential — Not for publication



                                                                    yo
Bank Overdraft

This represents amounts due in respect of the company’s overdrawn                    bank     account
Lloyds Bank do not hold any current charges in relation to this

Prescribed Part

The Prescribed Part (Section 176(A) of the Act) ts a proportion of floating charge asset
realisations, net of costs, which are set aside for the benefit of unsecured creditors               The
Prescribed Part applies to floating charges created on or after 15 September 2003 only

The Prescribed Part 1s calculated using a formula laid down in the Act as follows

    e     50% of the net property up to £10,000,
    ©     20% of the net property m excess of £10,000,
    e     Subject to a maximum amount of £600,000

The Prescribed Part is not applicable in this instance as there 1s no floating charge holder,
and as such, any funds available under the floating charge will be available to the
unsecured creditors

The Liquidators may seek a Court order not to distribute the Prescribed Part if they
consider that the costs of making a distribution will be disproportionate to the benefits, or
can automatically conclude the same without Court approval if the net property 1s below
£10,000.

Trade & Expense Creditors

The amounts due to trade and expense creditors are taken from the books and records of
the Company, and are stated inclusive of VAT           Inclusion does not constitute an
admission that there 1s now or has been in the past any legal liability upon the Company
of the whole or part of the amount shown

General

The Statement of Affairs does not include any provision for the costs of administering the
Liquidation




TAIT WALKER   TURNAROUND   AND INSOLVENCY                          Building Capacity Lumited Report to Creditors




                                              Kr
                                                              Private & Confidential — Not for publication