Form 4 20
Rule 4 34 - CVL
The Insolvency Act 1986
Statement of Company's Affatrs
Pursuant to section 95/99 of
the Insolvency Act 1986
For Official Use
To the Registrar of Companies | |
Company Number
08256501
Name of Company
ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO
I/We
Mehmet Arkin, Maple House, High Street, Potters Bar, Hertfordshire, EN6 5BS
the liquidator¢s) of the above named company attach a statement of the company affairs
as at 20 January 2015
Signed ‘ Date 20 January 2015
Arkin & Co
Maple House
High Street >
Potters Bar <
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Hertfordshire w
a
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Rule 4 34-CVL Form 4 19
Statement of Affairs
Statement as to affairs of
ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO
on the 20 January 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 YUCHAO HUAME,
Signed GUNG
Dated ao0foif 2015
Insolvency Act 1986
ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO
Estimated Statement Of Affairs as at 20 January 2015
Book Value Notes Estimated to Realise
£ £ £
ASSETS ;
Cash in Hand \ 2,060 1,600
Novaworld Ltd 19,780 Uncertain
1,600
LIABILITIES
PREFERENTIAL CREDITORS -
Employee Arrears/Holtday Pay NIL
1,600
DEBTS SECURED BY FLOATING CHARGE PRE 15 SEPTEMBER 2003
OTHER PRE 15 SEPTEMBER 2003 FLOATING CHARGE CREDITORS
NIL
1,600
Estimated prescribed part of net property where applicable (to carry forward) NIL
1,600
DEBTS SECURED BY FLOATING CHARGE POST 15 SEPTEMBER 2003
NIL
1,600
Estimated prescribed part of net property where applicable (brought down) NIL
1,600
Unsecured non-preferential claims (excluding any shortfail to floating charge holders)
Trade & Expense Creditors (2) 45,366
aa
HM Revenue & Customs - PAYE/NI 11,140
HM Revenue & Customs - VAT 43,429
on
Director's Loan Account 4,800
104,735
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F C's post 14 September 2003) 103,135
Issued and called up capital
Ordinary Shareholders 100
TOTAL DEFICIENCY 103,235
sone BAM
Ms Yuchao Huarg
Director
Ital-Trade Restaurant Ltd T/A Fat Angelo
Notes to Director's Estimated Statement of Affairs
1 Titus represents cash held by the director following the sale of the sale of the Company’ closing stock
2 This relates to the premium paid to Novaworld International Limited The Director has advised that under the
terms of the licence agreement this has been forfeited as the Company ts in breach The licence agreement Is to be
review by the liquidator to verify the position
3 No employee claims are anticipated
4 Section 176A (1)(a) requires liquidators to set aside the prescnbed part of the Company's net property for
the satisfaction of unsecured debts "Net property" means the amount whih would, if it were not for this
amount which would, if it were not for this provision, be available to floating charge holders (1 e after accounting
for preferential debts and the costs of realisation) and if the floating charge was created on or after
created on or after 15 September 2003 The "prescribed part" is 50% of the first £10,000 and 20% of the
remaining net property (up to a maximum of £600,000)
The liquidator will not be required to set aside the prescribed part if
'
a The net property is less than £10,000 and he thinks that the cost of distributing the
prescribed part would be disproportionate to the benefit, or
b If the net property ts more than £10,000, if the provision is disapplied by the Court on
the application of the liquidator on cost-benefits grounds
If the floating charge was created before 15 September 2003 there is no net property and, consequently, no
prescribed part of net property ‘
There are no charges registered against the Company so $176A(1)(a) does not apply in this instance
5 See attached schedule
6 This is the amount due to HM Revenue & Customs in respect of PAYE/NIC for the full period of trading
7 This is the amount due to HM Revenue & Customs in respect of VAT for the full period of trading
8 This ts the balance of funds loaned to the Company by the Director
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Arkin & Co
ITAL-TRADE RESTAURANT LTD T/A FAT ANGELO
Register of Shareholders
No of Shares
Key Name Pref Ordinary Other Total
HHO0O Ms Yuchao Huang 0 100 0 100
1 Entries Totalling 0 100 0 100
if
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Signature , id: Y
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