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Rule 4 34-CVL The Insolvency Act 1986                                                         Form 4 20




                                      5.95/99
STATEMENT OF COMPANY'S AFFAIRS
Pursuant to Section 95/99 of the Insolvency Act 1986


                                                                       For official use




                                                                       Company Number

                                                                           03321625
To the Registrar of Companies Company Number

REGENT          RECRUITMENT           UK LIMITED
[Insert full name(s) and address(es)}
           7                    y
We, M Maloney and J M Titley both of Leonard Curtis, Leonard Curtis House, Elms Square,
Bury New       Road, Whitefield M45   7TA, the Joint Liquidators of the above     named      Company,
attach a statement of the Company's affairs as at 8 May 2015




Signed             aa                                   Date 8 May 2015



Presentor's name, address and reference (if any)




=
                                               For official use
                                                                                   |

                                                                  new nCe
Leonard Curtis
Leonard Curtis House




For official use                                                                14/05/2015
                                                                          COMPANIES HOUSE
Rule 4 34-CVL                                                                                 Form 4 19




                Statement of Affairs


                Statement as to affairs of

                REGENT RECRUITMENT UK LIMITED
                Trading as:
                on the 8 May 2015 being a date not more than 14 days before the date of the
                resolution for winding up




                Statement of truth

                | beleve the facts stated in this Statement of Affairs are true




                Full name      VER               HirA
                                        ‘




                Signed




                Dated        $/5[20!                  5
       REGENT RECRUITMENT UK LIMITED

                                                                                                             APPENDIX |

                              DIRECTORS’ ESTIMATED STATEMENT OF AFFAIRS AS AT 8 MAY 2015

                                                                   Book Value                  Estimated to Realise
                                                   Note      £                    £             £                  £
Assets Specifically Pledged
None                                                                Ni                                 Nil
Less HSBC Bank ple                                          (20,100)                           (20,100)
Surplus / (Shortfall) c/fwd - HSBC                          (20,100)                           (20,100)

Assets Not Specifically Pledged
Plant and Machinery                                 2            3,101                                550
Book Debts                                          3            4,500                              3,375
                                                                                      7,601                            3,925
Preferential Creditors
Employee Claims / ERA 2006 Claims (est )            5                             (1,600)                          (1,600)
Net Property available for Prescribed Part                                          6,001                            2,325

Less Prescnbed Part                                  4                                (Nia)                            (Nia)
Available for Floating Charge Creditor                                              6,001                            2,325
Shortfall b/fwd - HSBC Bank plc                                                  (20,100)                         (20,100)
Shortfall c/wd - HSBC Bank ple                                                   (14,099)                         (17,775)

Add Prescnbed Part                                   4                                  Nia                              Nia
Available for Ordinary Unsecured Creditors                                               Nil                              Ni

Ordinary Unsecured creditors
Shortfall b/fwd - HSBC Bank pic                      1      (14,099)                           (17,775)
Employee Claims / ERA 2006 Claims (est)              5       (4,800)                            (4,800)
HM Revenue and Customs - PAYE and NIC (est )         6       (4,470)                            (4,470)
H M Revenue and Customs - VAT (est }                 6      (20,616)                           (20,616)
Director's Loan Account (est )                       7      (43,909)                           (43,909)
Trade and Expense Creditors (est)                    8      (79,781)                           (79,781)
                                                                                (167,675)                        (171,351)
Estimated Deficiency as regards Creditors                                       (167,675)                        (171,351)
Issued share capital                                                             (18,100)                         (18,100)
Estimated Deficiency as regards Members                                         (185,775)                        (189,451)




                     lane


        Signed
                 (27                                                        8 May 2015
        Veena Hira
REGENT RECRUITMENT UK LIMITED


                                                                                                           APPENDIX II

                               NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS

All book values have been taken from the Company's latest financial information provided by the director, the Company's
professional advisors or from valuations obtained from independent valuation agents         It should be noted that no
provision has been made for the costs of preparation of the same, the costs of convening the meetings of members and
creditors, agents’ costs or the costs and expenses of the Liquidation

1.       HSBC Bank ple (“HSBC”)
         HSBC holds a debenture incorporating a fixed and floating charge created on 23 August 2007 and registered
         on 29 August 2007
         Plant and Machinery
         The book value of the plant and machinery has been extracted from the accounts for the year ended 31 March
         2014 The estimated to realise value of the plant and machinery has been extracted from the valuation report
         provided by independent valuation agents, Charles Taylor
         Book Debts
         The book value of the book debts has been extracted from the books and records, as provided by the directors
         The estimated to realise value of the book debts has been wntten down by a general provision of 25% to allow
         for bad and doubtful debts
         Prescnbed Part
         The Insolvency Act 1986 provides that, where a company has created a floating charge after 15 September
         2003, a prescnbed part of the company’s net property must be made available to the unsecured creditors and
         not be distnbuted to the floating charge holder except in so far as it exceeds the amount required for the
         satsfaction of unsecured clams       The net property represents the assets available after the costs and
         expenses of the insolvency procedure and the discharge of preferential creditors’ claims in full No provision
         has been included within the estmated statement of affairs regarding the costs and expenses of the insolvency
         procedure
         The method of calculating the prescnbed part is given below
         Where the net property does not exceed £10,000 (the prescnbed minimum) it may be considered that the cost
         of making a distnbution is disproportionate to the benefits and no prescnbed part is required to be set aside
         Where the net property exceeds £10,000 the prescnbed part is calculated at a value of 50% of the first £10,000
         plus a further 20% of the net property which exceeds £10,000, up to a maximum prescnbed part of £600,000
         The net property in this case 1s expected to be less than the prescnbed minimum and we consider that the cost
         of making a distnbuton of the prescnbed part in this case to be disproportionate to the benefits Accordingly, we
         do not intend to set aside a prescribed part in this instance
         Employee Claims / ERA 2006 claims
         Where applicable, employees will be entitled to make claims (subject to certain limits) under the Employment
         Rights Act 2006 (ERA’'2006) from the government department known as the Redundancy Payments Service
         (‘RPS’) The Employee claims may tnclude arrears of pay, holiday pay, compensation in lieu of notice and
         redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will
         then lodge a claim against the Company in respect of the payments ithas made Employee Claims / ERA’2006
         have been estimated for the purposes of the statement of affairs and are not considered as agreed amounts




              Lo»

Signed   Cr                                                                  8 May 2015
 Veena Hira
REGENT RECRUITMENT UK LIMITED

                                                                                       APPENDIX II (CONTINUED)

                      NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (CONTINUED)


6.       H M Revenue and Customs — PAYE / NIC and VAT
         The liability to HM Revenue and Customs in respect of unpaid PAYE, NIC and VAT has been estimated by the
         directors
7.       Director's Loan Account
         The director's loan account relates to monies owed to Veena Hira and has been estimated from information
         provided by the director and this amount should not be considered as agreed

8.       Trade and Expense Creditors
         Details of the Company's trade and expense creditors have been provided by the directors of the Company A
         detailed list of these amounts has been provided at Appendix Ill The amounts shown should not be regarded
         as agreed




               <



Signed   CM                                                             8 May 2015
 Veena Hira
REGENT RECRUITMENT UK LIMITED

                                                                     APPENDIX Ili

                                SCHEDULE OF CREDITORS

See attached list




Signed   (ge                                            8 May 2015
 Veena Hira
B - Company Creditors
R794Q Regent Recruitment UK Limited

“Code                Name & Address                              Amount of Debt

C0001                Your Face Here Limited                              1,000 00
                     19 Wandle Road
                     Croydon
                     Surrey
                     CRO 1DB
c0002                Parker Sandford Limited                             1,080 00
                     14 Smithy Brook Road
                     Pemberton
                     WN3 6PS
C0003                HM Revenue and Customs (VAT)                       20,616 00
                     Insolvency Operations
                     Queens Dock
                     Liverpool
                     L74 4AF
c0004                HM Revenue and Customs (PAYE/NIC)                   4,470 00
                     Durrington Bridge House
                     Barrington Road
                     Worthing
                     West Sussex
                     BN12 4SE
C0005                MCC Accountants                                     1,918 00
                     21a Church Road
                     Eccles
                     Manchester
                     M30 ODL
C0006                HSBC Bank plc                                      20,100 00
                     St Ann's Square
                     Manchester
                     M2 7EF
C0007                Total Jobs Group Limited                                100
                     Blue Fin Bullding
                     110 Southwark Street
                     London
                     SE1 OTA
C0008                NWF (Venture Capital) LP                           70,000 00
                     Preston Technology Management Centre
                     Marsh Lane
                     Preston
                     Lancashire
                     PR1 8UQ
coo                  Active IT (UK) Limited                                427 20
                     Active House
                     Unit 11 Bredbury Business Park
                     Bredbury
                     CH41 4JQ
                     The Royal Bark of Scotiand pic
                     43 Curzon Street
                     London
                     W1Y 7RF
c0011                Veena Hira                                         43,309 00
                     clo MCC Accountants
                     21a Church Road
                     Eccles
                     Manchester
                     M30 ODL

                     Signature


R794Q                                                 Page 1/2
B - Company Creditors
R794Q Regent Recruitment UK Limited

‘Code                Name & Address                                        Amount of Debt

C0012                Redundancy Payments Office (Pref)                             1,600 00
                     8-9th Floor Cobalt Square
                     83-85 Hagley Road
                     Birmingham
                     B16 8QG
0013                 Redundancy Payments Office (Unsecured)                        4,800 00
                     8-9th Floor Cobalt Square
                     83-85 Hagley Road
                     Birmingham
                     B16 8QG
0014                 Vodaphone Limited (689532554/0001)                              240 54
                     PO Box 32
                     Sheffield
                     $98 1BX
C0015                Black & White Partnership LLP                                 1,400 00
                     29 Avenue Road
                     Hurst Green
                     Lancashire
                     BB7 9QB

                                                                                £175,275 74




                     Signature                                      Date


R794Q                                                    Page 2/2