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Rules 4.34-CVL            The Insolvency Act 1986                                                       Form 4 20

                          Statement of Company's
                          Affairs
                          Pursuant to Section 95/99 of the
                                                                               5.95/99
                          Insolvency Act 1986

                                                                                                    For Official Use
                          To the Registrar of Companies


                                                                                                  Company Number
                                                                                          (        03887270            |
                          Name of Company
(a) Insert full name of   (a) Sandco 1237 Limited
company


(b) tnsert full name(s)   We, (b) Anthony Josephs                          Linda Farish
and address(es)
                          Gosforth Park Avenue                             Gosforth Park Avenue
                          Newcastle upon Tyne NE12 8EG                     Newcastle upon Tyne NE12 8EG

                          the Liquidators of the above named company, attach a statement of the company’s affairs
(c) Insert date
                          as at (c) 19 December 2013




                          Signed Agee Su!                                    Date     vtfinly




                                                                       an                                     I
Presenter's               Anthony Josephs
name, address             Linda Farish
and reference (if         RMT Accountants & Business Advisors
any)                      RMT, Gosforth Park Avenue
                          Newcastle upon Tyne NE12 8EG
                          LS1000
                                                                                             271212013
                                                                                         COMPANIES HOUSE
Rule 4 34-CVL                                                                                         Form 4 19

                Statement of Affairs
                                                        SANDCO 1237 LIMITED

                Statement as to affairs of Sandco 1237 Limited
                on the 19 December 2013 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


                Full Name        Mr Eric Dodd


                Signed
                                                     Ce
                Dated                         la Qe-amBer              Ld 13




Signature.                        Date
A - SUMMARY OF ASSETS

                                      Book Value       Estimated to Realise
                                               £                          £

Assets Subject to Specific Charge

Assets Subject to Fixed Charge

Assets Subyect to Floating Charge

Assets not Subject to Charge
     Bond Held                             4,132                      4,132
     Terminal Loss Relief Claim            5,000                      5,000

Available to preferential creditors        9,132                      9,132




sgn             _       kD               nae 14/Drscudde- Lor
            Ce                                     |
A1 - SUMMARY OF LIABILITIES

                                                                               Estimated to Realise
                                                                           £                       £

Estimated total assets available for preferential creditors                                   9,132

Liabilities

Estimated Surplus (Deficiency) as regards preferential creditors                              9,132

Estimated total assets available for floating charge holders                                  9,132

      Floating Charge Claims                                                                       0 ;
Total assets available to unsecured creditors                                                 9,132

Unsecured non-preferential claims
     Associated Creditors                                          (199,717)
                                                                                          (199,717)
Estimated Surplus (Deficiency) Unsecured creditors                                        (190,585)

      Share Capital
      Ordinary                                                       (5,000)
                                                                                             (5,000)
Estimated Surplus (Deficiency) as regards members                                         (195,585)




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                               Sandco 1237 Limited

                     NOTES TO THE STATEMENT OF AFFAIRS

Secured Creditors Barclays Bank Plc were granted a debenture by the Company on
14 September 2012 (Registered 27 September 2012) creating a fixed and floating
charge over the assets and undertaking of the Company The position with this will be
investigated by the appointed liquidator

Leasehold Property We understand that the Company’s property was transferred at
the date of sale of the assets      The liquidators, when appointed, will be required to
investigate the position of the lease

Bond There ts a bond held in respect of work carried out In Saudi Arabia The directors
have received confirmation that the bond will be released in the near future

Terminal Loss Relief Claim The Terminai Loss Relief Claim has been caiculated at
£5,000 00, the costs associated with dealing with the claim are estimated at £2,000
plus VAT

Preferential Creditors

Wages/Holiday Pay There are no employees and, therefore, no claims in respect of
wages or holiday pay

‘Prescribed Part’

Under the provisions of the Enterprise Act 2002, introduced on 15 September 2003 the
preferential status of the Inland Revenue and Customs & Excise has been abolished

As a consequence of this a “prescribed part” of the Company's assets must be set
aside for the benefit of the unsecured creditors in respect of any floating charge
security granted after 15 September 2003

The prescribed part 1s calculated as follows   -

e    50% of the first £10,000 of the net property of the company if the net assets are in
     excess of the £10,000
e    20% of the property thereafter, subject to a limit of £600,000

The prescribed part in this matter is NIL as there is no floating charge holder


Non Preferential Creditors

Employees’ Claims There are no employees claims

H M Revenue and Customs There ts no PAYE, VAT or Corporation tax outstanding

Associated Creditors The sum due to the associated           creditor relates to the funds
Invested into the company by its shareholder

Trade Creditors There are no trade creditors

The statement of affairs does not reflect the fees and expenses of administering the
liquidation