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                                                                                                            Form 4 20
 Rule 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

                                                                                                   03819483


                            Name of Company


                               Lyme Gate Limited


                            Live
                            John Dean Cullen FCCA FABRP
                            Coptic House
                            4-5 Mount Stuart Square
                            Cardiff Bay
                            CF10 5EE




                            the liquidator(gy of the above named company attach a statement of the company affairs
                            as at 07 October 2011




                              toned                                             Date        07 October 2011
                                           V
                              ja      L        LLP




                            ee
                            Copte House                                             For Official Use
                            4-5 Mount Stuart Square                    Insolvency Section          Post Room
                            Cardiff Bay
                            CFi0 5EE




Software Supplied by Turnkey Computer Technology Limited   Glasgow
                                                                                              10/10/2014
                                                                                          COMPANIES HOUSE
Lyme Gate Limited
Statement Of Affairs as at 7 October 2011

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

Assets subject to fixed charge:
Colway Gate                                                          87,099 00      Uncertain
Lloyds Bank PLC                                                     (46,500 00)     Uncertain

Assets subject to floating charge:

Uncharged assets.
Lyme Regis Outdoor Education Limited                                  2,928 00                          2,928 00

Estimated total assets available for preferential creditors                                             2,928 00



Signature                                           Date      Zi     /O      , //
Lyme Gate Limited
Statement Of Affairs as at 7 October 2011

A1 - Summary of Liabilities
                                                                                                        Estimated to
                                                                                                             Realise
                                                                                                                    £

Estimated total assets available for preferential creditors (Carried from Page A)                             2,928 00

Liabilities
    Preferential Creditors -
                                                                                                                    NIL
Estimated deficiency/surplus as regards preferential creditors                                                2,928 00

Debts secured by floating charge pre 15 September 2003
Other Pre 15 September 2003 Floating Charge Creditors
                                                                                                                   NIL
                                                                                                              2,928 00

Estimated prescribed part of net property where applicable (to carry forward)                                       NIL
Based on floating charge assets of Nil
Estimated total assets available for floating charge holders                                                  2,928 00

Debts secured by floating charges post 15 September 2003
                                                                                                                   NIL
Estimated deficiency/surplus of assets after floating charges                                                 2,928 00

Estimated prescribed part of net property where applicable (brought down)                                           NIL
Total assets available to unsecured creditors                                                                 2,928 00

Unsecured non-preferentral claims (excluding any shortfall to floating charge holders)
         Trade & Expense Creditors                                                       56,526    39
         Directors                                                                        9,463    00
         Banks/Institutions                                                                  637   96
         HM Revenue and Customs - PAYE & NIC                                              4,956    24
         HM Revenue and Customs - VAT                                                    15,940    01
         Landlord                                                                        411,463   00
                                                                                                            98,986 60
Estimated deficiency/surplus as regards non-preferential creditors
(excluding any shortfall in respect of F.C’s post 14 September 2003)                                       (96,058 60)

Estimated deficiency/surplus as regards creditors                                                          (96,058 60)

Issued and called up capital
         Ordinary Shareholders                                                               (4 00)
                                                                                                                 (4 00)
Estimated total deficiency/surplus as regards members                                                      (96,054 60)




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D

Lyme Gate Limited

DEFICIENCY ACCOUNT


                                                                             £

Surplus on Profit and Loss Account as at 31                          (53,742)
October 2010

Estimated deficiency on realisation of sale of assets                      Nil

Estimate loss on trading for the period from 1                       (42,313)
November 2010 to 31 August 2011

Estimated deficiency as regards Members                              (96,055)




The following notes form an integral part of the above statement


1   The property, Colway Gate, ts a possible asset of Lyme Gate Limited The
    property is included in Lyme Gate Limited’s account along with the charge
    secured against the property tn favour of Lloyds Bank plc However the property
    Is owned by an associated company, Activities Breaks for Children Limited but
    the mortgage payments were paid by Lyme Gate Limited Therefore Lyme Gate
    Limited potentially has a realisable share of the equity This is subject to review
    by the Liquidator on their appointment

2   Christine Hughes one of the shareholders of the company, has a personal
    guarantee for £50,000 in respect of the mortgage on the property, Colway Gate,
    with Lloyds Bank pic

3   There Is a possible claim of £36,114 00 of costs which are claimed in a dispute
    against Lloyds Bank plc This ts tn relation to the transfer of the property to Lyme
    Gate Limited    This claim ts subject to review by the Liquidator on their
    appointment

4   The amount of £2,928 owed by Lyme Regis Outdoor Education                   Limited relates
    to salaries paid in advance by Lyme Gate Limited which Lyme                 Regis Outdoor
    Education Limited has benefited from

5   There     are   no charges   registered   at Companies   House    against      Lyme   Gate
    Limited

6   The Statement of Affairs has been prepared from information provided by the
    directors It does not take into account the cost of realisation of the assets or the
    cost of the liquidation



                                              7/0, //
7   Trade and other creditors’ balances are provisional and subject to agreement in
    due course by the liquidator Inciusion or exclusion from the list of creditors does
    not constitute admission or rejection of claims by the liquidator


8   The statement of affairs ts subject to verbal explanations given at the meeting of
    creditors

9   No provision has been made       for the claims   which   could   arise   in respect   of
    insolvency payments to staff


Prepared by

HARRIS LIPMAN LLP
Coptic House
4-5 Mount Stuart Square
Cardiff Bay
CF10 5EE



                                           , SE.