Rule 4 34 Form 4.20
S.95/99
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
08229271
Name of Company
{a) Insert full name of (a) FUTURE FEC LTD
company
(b) insert full name and IAW (B)
addresses
Stephen Franklin
Panos Eliades Franklin & Co
Olympia House
Armitage Road
London
NW11 8RQ
(c) Insert date the {iquidator(s) of the above-named company attaches a statement of the company’s
affairs as at (c) 29 April 2014
Signed = ee 30 April 2014
—
For Official Use
Presenter’s name, Panos Eliades Franklin & Co Liquidation Section Post Room
A aE
address and reference
(if any) Olympia House
Armitage Road
London
NW11 8RQ
02/05/2014 #317
COMPANIES HOUSE
Rule 4 34-CVL Form 4 19
Statement of Affairs
FUTURE FEC LTD
Statement as to affairs of Future FEC Ltd
on the 29th April 2014 being a date not more than 14 days before
the date of the resolution for winding up
Statement of Truth
| belteve that the facts stated in this Statement of Affairs are true
Full Name Allan Pearce
Signed =e"
Dated 29th April 2014
Future FEC Ltd
A- Summary of Assets
Book Value Estimated to Realise
Assets.
WIP 3,500 1,000
Book Debts 15,396 1,000
Estimated Total Assets available for Unsecured Non-
Preferential Creditors 18,896 2,000
SIGNATURE DATE 29TH APRIL 2014
At — Summary of Liabilities
Estimated to Realise
Estimated Total Assets available for Unsecured Non-Preferential 2,000
Creditors (carried from page A)
Liabilities
Unsecured Non-Preferential Claims
Accountancy 4,573
Loan 18,000
PAYE/NIC 7,905
Trade Creditors 32,602
VAT 33,831
(93,911)
Estimated Deficiency as reqards Creditors (91,911)
Issued and called up capital
Ordinary 100
100)
ESTIMATED TOTAL DEFICIENCY £ (91,911)
slenaruRE aie
DATE 29TH APRIL 2014
FUTURE FEC LTD
Comments on the Directors’ Statement of Affairs
The Statement of Affairs does not reflect the costs of insolvency and realisation
Assets
Debtors
The books debts were factored to Ashley Commercial Finance Limited
There are two remaining debtors, which are not subject to the factomng agreement, one for
£1,396 and the other for £14,000 The Directors anticipate £1,000 will be recovered in respect
of the first debtor However, the second debtor 1s refusing to pay anything as 1t is engaged in
litigation with the Factors, Ashley Commercial Finance Limited
Work-in-Progress
Work-in-progress relates to one contract and the Directors anticipate £1,000 will be
recovered
Unsecured creditors
Unsecured liabilities total £93,911 The amounts shown have been derived from the
Company’s records and may not necessarily agree with your own records However, the
amounts stated will not prejudice your claim as it will be agreed by the Liquidator in due
course Creditors may also be entitled to claam VAT Bad Debt Relief on their claims
£18,000 of the unsecured claims total relates to the funds that Alan Pearce, one the Directors,
personally injected into the Company
Shares
The issued and fully paid up share capital 1s £100 resulting in an overall total deficiency of
£91,911
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