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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

                                                                                                                          Company       Number

                                                                                                                                 08519775


                                    Name of Company


                                      Cucina Toscana Ltd t/a Michelangelo


                                    |/We

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

                                    Gordon Smythe Goldie, 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 27 February 2015




                                    Signed        wit                                               Date               27 February 2015
                                                       aN


                                    Tait Walker
                                                                                                               For Official Use
    '                               Bulman House
                                    Regent Centre, Gosforth                             Insolven¢
                                    Newcastle upon Tyne
                                    NE3 3LS
                                                                                                     TUESDAY




                                                                                                                              *A42DCAXT*
                                    Ref      1001366/MJH/GSG/KJ/CH                                               A24           03/03/2015            9

        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

                Cucina Toscana Ltd t/a Michelangelo

                on the 27 February 2015 the date of the resolution for winding up




                Statement of truth


                1 believe that the facts stated in this Statement of Affairs are true

                                                  .                  ‘      .
                Full Name                    Gaeorto             Veal


                Signed                          Lor
                                               Le




                Dated                                 arzloafpois
Cucina Toscana Ltd t/a Michelangelo
Statement Of Affairs as at 27 February 2015

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

Assets subject to fixed charge:

Assets subject to floating charge:

Uncharged assets:
Book Debts                                                           5,100 00                    5,100 00

Estimated total assets available for preferential creditors                                      5,100 00

                                  iN
comm                Hoda                ‘           Date_2    7 Ih     /    ors
Cucina Toscana Ltd t/a Michelangelo
Statement Of Affairs as at 27 February 2015

A1 - Summary of Liabilities
                                                                                                        Estimated to
                                                                                                             Realise
                                                                                                                    £

Estimated total assets available for preferential creditors (Carried from Page A)                            5,100 00

Liabilities
     Preferential Creditors -
         RPO Wage Arrears & Holiday Pay                                                   2,461 00
                                                                                                             2,461 00
Estimated deficiency/surplus as regards preferential creditors                                               2,639 00

Debts secured by floating charge pre 15 September 2003
Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                                  Nit
                                                                                                             2,639 00

Estimated prescribed part of net property where applicable (to carry forward)                                     NIL
Estimated total assets available for floating charge holders                                                 2,639 00

Debts secured by floating charges post 15 September 2003
                                                                                                                  NIL
Estimated deficiency/surplus of assets after floating charges                                                2,639 00

Estimated prescribed part of net property where applicable (brought down)                                         NIL
Total assets available to unsecured creditors                                                                2,639 00

Unsecured non-preferential claims (excluding any shortfall to floating charge holders)
        Trade & Expense Creditors                                                        48,626    60
        RPO PILON & Redundancy                                                             1,060   00
        Directors                                                                        25,000    00
        H M Revenue & Customs - VAT                                                      44,755    78
         H M Revenue & Customs - PAYE & NIC                                              15,641 98
                                                                                                           135,084 36
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F C's post 14 September 2003)                                     (132,445 36)

Estimated deficiency/surplus as regards creditors                                                        (132,445 36)

Issued and called up capital
        Ordinary Shareholders                                                                  100
                                                                                                                 100
Estimated total deficiency/surplus as regards members                                                    (132,446 36)




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Cucina Toscana Ltd t/a Michelangelo

Notes to the Director(s) Statement of Affairs                                       Dated: 27 February 2015

Book Debts

The Company’s books and records indicate gross book debts of £5,100 After provisions for bad
and doubtful debts, and counterclaims following the cessation of trade, it is estimated that the
book debts will realise £5,100

Employees

Employees of the Company have claims for arrears of pay, holiday pay, pay in lieu of notice and
redundancy 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 tn excess of the statutory limits together with pay in lieu of notice and redundancy pay
rank as unsecured clarms

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

Prescribed Part

The Prescribed Part (Section 176{A) of the Act) is 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 is calculated using a formula laid down In the Act as follows

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

In thts instance there 1s no floating charge and so the prescribed part does not apply

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
ts now or has been in the past any legal lability 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                               Cucina Toscana Ltd t/a Michelangelo Report to Creditors
                                                                          Private & Confidential — Not for publication