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                                                                                       FORM 4.20


Rule 4 34-CVL                   romaenerras
                                Statement of Company's
                                                                        WPOSIO
                                Affairs

                                Pursuant to Section 95/99 of
                                the Insolvency Act 1986




                                                                            For Official Use

                                To the Registrar of Companies

                                                                            Company Number

                                                                                       02567608

                                Name      of Company      SHORT STORIES OF LONDON         LIMITED



                                I

                                Mehmet     Arkin of
                                MAPLE HOUSE
                                HIGH STREET
                                POTTERS BAR
                                HERTS EN6 5BS

                                the Liquidator of the above named company attach a
                                statement of the Company's affairs as at 20 April 2011




                Signed                     .              Date     20 Aon! 2011


                ARKIN & CO                                          For Official Use
                MAPLE HOUSE                               Liquidation          |       Post Room
                HIGH STREET
                POTTERS BAR
                HERTS EN6 5BS

Ref             M180SH/MA
                                                                                       *AL2DKTH4*
                                                                         A45           21/04/2011    214
                                                                                   COMPANIES HOUSE
Section 98   Statement of Affairs
IA 1986      Insolvency Act 1986
             In the MATTER OF SHORT STORIES OF LONDON                  LIMITED




             Statement of Truth

             | believe that the facts stated-


                    a)     inthis Statement of Affairs, and
                    b)     inthe continuation sheets, are true




             Full        name   TONe                ect          Soumen


             Signed


             Dated               ae               tt -           Deu
INSOLVENCY ACT 1986

SHORT STORIES OF LONDON               LIMITED
Estimated Statement of Affairs as at 20 Apnl 2011

                                                                               Notes       Book Value    Estimated to Realise
                                                                                                £          £                £
ASSETS

Stocks                                                                                 1     22,000 00                    7,000 00
Fixtures, Fittings & Equipment                                                         2      1,300 00                    1,000 00
Cash at Bank                                                                           3        460 00                      200 00
Trade Debtors                                                                          4      2,705 00                      800 00


                                                                                                                          9,000 00

LIABILITIES
PREFERENTIAL CREDITORS            -                                                                                                Nil


                                                                                                                          9,000 00

Estimated prescnbed part of net property where applicable (to carry forward)           5                                        Nil
                                                                                                                          9,000 00

DEBTS SECURED        BY FLOATING       CHARGE                                                                                      Nil
                                                                                                                          9,000 00

Estimated prescnbed part of net property where applicable (brought down)                                                           Nil
                                                                                                                          9,000 00


Unsecured non-preferential claims
{excluding any shortfall to floating charge holders}


HM Revenue & Customs - PAYE/NI                                                         6                  3,027 00
HM Revenue & Customs - VAT                                                             7                  3,099 00
Directors’ Loan Account                                                                8                 12,950 00
Trade & Expense Creditors                                                              9                 15,449 00
                                                                                                                         34,525 00

Estimated deficiency/surpius as regards non-preferential creditors                                                       25,525 00
(excluding any shortfall to floating charge holders)

Issued and called up capita!
70 Ordinary Shares @ £1 each                                                                                 70 00
                                                                                                                                70 00
                                                                                                                         25,595 00




Signed   T Sonmez
SHORT STORIES OF LONDON            LIMITED



Notes to Director's Estimated Statement of Affairs

          Stocks comprised various mens clothing and footwear and have been valued by Centaur Chartered
          Surveyors, Valuers & Auctioneers, Centaur House, 51 Uckfield Road, Enfield, Middlesex EN3 6AS

          The Company's fixtures, fittings and equipment comprised mainly wall mounted and free
          standing aisle railings and tills which have been valued by Centaur Chartered Surveyors, Valuers
          & Auctioneers, Centaur House, 51 Uckfield Road, Enfield, Middlesex EN3 6AS

          Cash at bank represents the credit balance on the Company's current account with Natwest
          Bank pic The credit balance will be subject to accrued charges

          Realisations from trade debtors are anticipated to be low as the debts are disputed and aged

          Section 176A (1)(a) requires liquidators to set aside the prescribed part of the
          Company's net property for the satisfaction of unsecured debts       "Net property" means the           |
          amount which would, if tt 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 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 is more than £10,000, if the provision is dis-applied 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

          The amount due to HM Revenue & Customs ts in respect of           a PAYE and NI due in the year
          ended 5 April 2011


          The amount due to HM Revenue & Customs Is in respect of VAT from January 2011 to March 2011

          The directors’ loan account has accrued as a consequence of the directors’ injectton of capital into        i
          the business

          Creditors’ claims are subject to agreement by the liquidator and will not be preyudiced by
          omission from the Statement of Affairs or by inclusion in a different amount from that claimed

10        The estimated total deficiency, including the calculation of the prescribed part (if any), 1s subject
          to the costs of winding up for which no provision is made In the statement of affairs
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