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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

                                                                      03461691
To the Registrar of Companies Company Number


ARMOURY BUSINESS ADVISORS LIMITED (FORMERLY KNOWN AS
ECONOMICA BUSINESS ADVISORS LIMITED)
[Insert full name(s) and address(es)]

| M Maloney and J M Titley the Joint Liquidator of the above named Company, attach a
statement of the Company's affairs as at 16 February 2012
                                                        ‘




                                                                                                          &
                                                                                                          3
                 J    =

Signed               cat                                     Date




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

                                          For official use
Leonard Curtis




—                                                                                            i oo
                                                                                  SATURDAY




                                                                              |                    COMPANIES HOUSE
Rule 4 34-CVL                                                                                        Form 4 19




                    Statement of Affairs


                    Statement as to affairs of

                    ARMOURY BUSINESS ADVISORS LIMITED (FORMERLY
                    KNOWN AS ECONOMICA BUSINESS ADVISORS LIMITED)
                    on the 16 February 2012 being a date not more than 14 days before the date of the resolution for
                    winding up




                    Statement of truth

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




                    Fullname        ~Tof ok
                                  ARIS                      Ckarsew




                    Signed     =




                    Dated         i of af Aor




CVLMF419 06-04-10
ARMOURY BUSINESS ADVISORS LIMITED
(FORMERLY KNOWN AS ECONOMICA BUSINESS ADVISORS LIMITED)

                                                                                                           APPENDIX |

                  DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 16 FEBRUARY 2012

                                                                    Book value                 Estimated to Realise
                                                  Note         £                   £             £              £
Assets specifically pledged
None                                                                 Nil                             Nil
less None                                                          {Nit}                           (Nil)
Surplus / (Shortfall) as regards charge holder                       Nil                             Nil



Assets not specifically pledged
Debtors                                                       23,737                              3,780
Tangible Assets                                                        1                             Nil
                                                                                  23,738                         3,780
Preferential creditors
Employee claims / ERA 2006 claims (est }                                          (1,000)                       (1,000)
Net property available for prescribed part                                        22,738                          2,780

Less: Prescribed part calculation                                                   (Nia)                         (Nia)
Available for floating charge creditor                                            22,738                         2,780
Shortfall as regards charge holder                                                     (Nil}                       (Nil)
Surplus / (shortfall) - floating charge holder                                    22,738                         2,780

Add back prescribed part                                                              Nia                          Nia
Available for unsecured creditors                                                 22,738                         2,780

Ordinary Unsecured creditors
Employee claims / ERA 2006 claims (est )                      (2,000)                            (2,000)
                                                      & rw
                                                   Omen




H M Revenue & Customs - PAYE / NI/ CT                        (25,333)                          (25,333)
Directors Loan Account - Christopher Crowson                  (2,000)                            (2,000)
NatWest Bank                                                  (7,000)                            (7,000)
Trade and expense creditors (est }                              (252)                              (252)
                                                   a




Totat value of unsecured creditors                                               (36,585)                      (36,585)
Total estimated deficiency as regards creditors                                  (13,847)                      (33,805)
Issued share capital                                                                (360)                         (360)
Estimated deficiency as regards members                                          (14,207)                      (34,165)




 Signed                                                                    16 February 2012
                         FOWSON
ARMOURY BUSINESS ADVISORS LIMITED
(FORMERLY KNOWN AS ECONOMICA BUSINESS ADVISORS LIMITED)

                                                                                                           APPENDIX II

                                  NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS

All book values have been taken from the Company's        latest financial information, or where stated, from valuations
obtained from independent valuation agents It should be noted that the 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


         Debtors
         The book value of the debtors has been provided from information from the director and from information in the
         Company books and records The debtors have been written down by specific bad debt provisions of £16,178
         and a general provision of 50% against the remaining balance
         Tangible Assets
         The book value of tangible assets has been extracted from the Company's balance sheet as at 31 January
         2011, with no provision for depreciation having been applied for the period since that date, as the assets have
         already been written down in full The chattel assets are estimated to have negligible realisable value
         Preferential creditors
         The Company had 1 employee who will be entitled to claim arrears of pay and holiday pay (subject to certain
         limits) from the Redundancy Payments Office (“RPO”) (a government department) The RPO will then lodge a
         preferential claim against the Company tn respect of the payments it has made Preferential claims have been
         estimated at £1,000 for the purposes of the statement of affairs
         Employees will also be able to lodge redundancy claims and compensation claims as a result of not receiving
         statutory notice of redundancy with the RPO These claims will also be paid by the RPO (subject to certain
         limits), who will lodge an unsecured claim against the Company
         Prescribed part
         As the Company has no unsatisfied post-Enterprise Act charges, there will be no requirement to set aside a
         prescribed part in this case
         The method of calculating the prescribed part s given below
         Where the net property does not exceed £10,000
         50% of that property
         Where the net property exceeds £10,000
         50% of the first £10,000, plus 20% of the property which exceeds £10,000, up to a maximum prescribed part of
         £600,000
         Based upon the information currently available, it 1s estimated that there will not be a prescribed part fund
         available in this matter
         H M Revenue & Customs — PAYE, NIC, Corporation Tax

         The lability to HMRC in respect of unpaid PAYE, NIC and VAT has been extracted from the Company's books
         and records The outstanding liabilities are in respect of the following penods
         PAYE /NIC - 2009/2010/2011




Signed                                                                       16 February 2012
ARMOURY BUSINESS ADVISORS LIMITED
(FORMERLY KNOWN AS ECONOMICA BUSINESS ADVISORS LIMITED)

                                                                                                          APPENDIX II

                              NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont)

5.       Director's Loan Account
         The book value of the director's loan account has been provided by the director The director has introduced
         personal funds into the Company over its trading life, which remains outstanding The figure 1s not regarded as
         agreed amount for the purposes of the liquidation procedure


6        Trade and Expense creditors / NatWest Bank
         Details of the Company's trade and expense creditors including the NatWest bank have been extracted from
         the Company's books and records A detailed list of these amounts has been provided at Appendix Ill The
         amounts shown should not be regarded as agreed




                  dh.
Signed                                                                      16 February 2012
                 fr Crowson
ARMOURY BUSINESS ADVISORS LIMITED
(FORMERLY KNOWN AS ECONOMICA BUSINESS ADVISORS LIMITED)

                                                                             APPENDIX III

                                 SCHEDULE OF CREDITORS

See attached list




Signed                                                    16 February 2012
                    owson
B - Company Creditors                                   Page


Code             Name & Address                                Amount of Debt

co0001           HM Revenue & Customs                              £25,333 00
                 Debt Management & Insolvency
                 Durrington Bridge House
                 Barrington Road
                 Worthing


co0002           C Mullen                                           £7,000 00
                 Business Manager
                 National Westminster Bank Plc
                 Underbank Hall
                 10 Great Underbank
                 Stockport
                 SK1 1Lb
C0003            Binaery Consultancy Limited                          £252 00
                 126 High Street West
                 Glossop
                 SK13 8HJ



co0004           Christopher Crowson                                £2,000 00
                 156 Buxton Road
                 Newton
                 Disley
                 Stockport
                 SK12 2RQ

                 TOTAL CREDITORS’ CLAIM                            £34,585 00




                 Signature                       Date

E585Q