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Rule 4.34-CVL                         The Insolvency Act 1986                                                               Form 4.20
                                      Statement of Company’s Affairs
                                      Pursuant to Section 95/99 of the                                          S. 95/99
                                      Insolvency Act 1986


                                      To the Registrar of Companies                                         For Official Use

                                                                                                                                |
                                                                                                         Company Number
                                                                                                   108505217
                                      Name of Company
 a)   Insert full name of
®)    company                         ©) AJC North West Limited



(b)   Insert            full   name   [/We ©) Alex Kacham
      and address

                                               of   Crawfords Accountants LLP, Stanton House
                                                    41 Blackfriars Road
                                                    Salford
                                                    Manchester, M3 7DB

      Insert             dat
(©)            Insert   date          the Liquidator(s) of the above named company attach a statement of the company’s
                                      affairs as at © 21 April 2015



                                      Signed                Oe           f                      Date   21 April 2015




                                      -
The presenter’s name,                 Crawfords Accountants LLP                                  For Official Use
address and reference                 Stanton House                           Liquidation Section                 Post Room




                                                                                                   mH
                                      41 Blackfriars Road
                                      Salford
                                                                                                           UIVIFANIES HOUSE
                                      Manchester M3 7DB
                                                                                       FRIDAY




                                                                                                               08/05/2015                #4
                                                                                                          Rrwanaseen        8       ne
Rule 4.34-CVL                                                                    Form 4,19

                Statement Of Affairs


                IN THE MATTER         OF AJC NORTH        WEST    LIMITED

                and

                IN THE MATTER OF THE INSOLVENCY ACT 1986

                Statement as to the affairs   of AJC North West Limited

                on the 21 April 2015 the date of the resolution for winding up


                Statement of Truth


                I/We        Mr Amir Masood

                of          28 Redlynch Walk, Manchester, M8 OPT




                Make a Statement of Truth and say that the several pages exhibited hereto and
                marked “AM 1” are to the best of my knowledge and belief a full, true and complete
                statement as to the affairs of the above named company as at 2] April 2015 the date
                of the resolution for winding up and that the said company carried on business as
                Clothing & Footwear Wholesaler




                Signature
                                         N

                                              ——_

                Date                  21 April 2015
                                           IN THE MATTER OF

                                          AJC North West Limited




This ts the exhibit marked “AM1” referred to in the Statement of Truth of Mr Amir Masood
A-— Summary of Assets

ASSETS                                           Book Value | Estimated to
                                                                 Realise
Assets specifically pledged:-                       £000          £000




Assets not specifically pledged:—

Trade Debtors                                      5,400         Note 1




Estimated tota! assets available for creditors     5,400           NIL




Signature            he.



Date

Summary     of Assets (7/98)
Al-—Summary of Liabilities

                                                                               Estimated to
                                                                                  Realise
                                                                                   £000
                        Estimated total assets available for                        NIL
                        creditors (from Summary of Assets)

Liabilities




Estimated surplus as regards creditors                                              NIL

        Debts secured by a floating charge:—




Estimated surplus of assets available for non-preferential creditors                NIL
        Non-preferential claims:—
                                                                       £000
        Trade creditors per schedule                                   5,531
                                                                                   5,531
Estimated deficiency as regards creditors


                                                                       £000
        Issued and called-up capital:-                                 0001
                                                                                  0001

Estimated deficiency as regards member                                            5,531


                        7



Signature     A        WA
                   _


Date


Summary     of Liabilities (7/98)
                                         AJC North West Limited


Notes to the Statement of Affairs

1      The director advises that the only asset of the company relates to 3 overseas trade debtors,
       each with an invoice value of £1 8M, £2 3M, and £1 3M, totalling £5 4M. The director
       believes part of this total is recoverable but no independent assessment has been carried out
       as the records have not yet been received from the company            For the purpose of the
       Statement of Affairs, no value has been placed on the estimated realisable value of
       trade debtors

       The director advises that the company’s bank account was closed following cessation                          of
       trade and there was a nil balance at bank on closure of the bank account

       Claims of creditors are subject to agreement in due course                The amounts stated will not
       prejudice your claim which will be agreed, if appropriate, by the Liquidator in due course
       The director advises that he is not aware of any tax liabtlity which may be owed by the
       company

       Section 176A of the Insolvency Act 1986 (as amended) requires the Liquidator to set aside
       a percentage of a company’s assets for the benefit of the unsecured creditors in cases where
       the company gave a “qualifying floating charge” over its assets to a fender on or after 15
       September 2003 This 1s known as the “prescribed part of the net property ” A company’s net
       property 1s that left after paying the preferential creditors, but before paying the lender who
       holds a floating charge A Liquidator has to set aside -

       * 50% of the first £10,000 of the net property, and
       ¢ 20% of the remaining net property up to a maximum of £600,000.

       There 1s no qualifying floating charge in this case so the prescribed part provisions do not
       apply
       Subject to the costs and expenses of the winding up

       Subject to the verbal explanations to be given at the meeting of creditors 21 April 2015

       It has not been possible to prepare an estimated          Deficiency Account as no accounts have
       been    prepared   since   the date   of incorporation    However,        the   liabilities   shown   on the
       Statement of Affairs will be the trading         losses   incurred   by     the company        from   date   of
       incorporation to date of liquidation
                                  AJC NORTH       WEST LIMITED

Schedule of Trade Creditors

                                                                                             £000
Jrehang Hong Kong Trading Co Ltd, Unit A30, 9/F Stlvercorp Int Tower, 707-713 Nathan           150
Road, Mongkok, Kowloon, Hong Kong
JZD Int'l Trading Limited, Unit 2508, 25/F Bank of America Tower,   12 Harcourt Road           530
Central, Hong Kong
Kay Fook Holdings Limited, East Block 2302, Haran Shidai Building, No 12069 Shenan             350
Dadao, Nanshan District, Shenzhen P T , China
Ruian Guangyu Trade Co Ltd, 325200 Industrial Zone of South Taoshan, Ruian City,               285
Zhejiang, China
Santawoods Company, Room 501B, 5/F2-16 FA Yuen Street, Mong Kokkl City,                         75
Hong Kong
Shanghai Kemp Imp & Exp Co Ltd, No 1068 Jindu Road, Minhang District, Shanghai, China          220

Shine Fook Holding Ltd, Rm 711-2, 7/F Trade Square, 681 Cheung Sha Wan Road, Kowloon,          215
Hong Kong
Star Pointer Limited, 6/F Shun on Commercial   Building, 112-114 Des Voeux   Road Central,      96
Hong Kong
Wenzhou Changrong International Trading Co Ltd, Unit 3, 13/F, Prat Commercial Butlding,        500
17-19 Prat Avenue, Tsimshatsu1, Kowloon, Hong Kong
Wenzhou Changshun International Trading Co Ltd, 401 Room, No | Zhenou Road, Ouha,              700
Wenzhou, China
Wenzhou Light, 22nd Floor, International Trade Centre, No 8 Liming Road (W), Wenzhou,           65
China
Y1wu Fengy: Import & Export Co Ltd, No 1-12 Building 8, Two Side,, The Cross of Danx1          200
Road & Zongze Road, Huzhou, Yiwu, China
Zhejiang Adtiff Clothing Co Ltd, 599# Fengqing Street, Deqing Economic Development             360
Zone, Deqing County, Huzhou City, Zheyiang, China
Zhejiang Wenzhou Packaging Imp & Exp Corp, 17/F International Trade Centre Bldg , No.8         785
Liming West Road, Wenzhou, Zhejiang, China
Zhejiang Yiwu New Midland Trading Co Ltd, 3 Floor, No 550 Chouzhou North Road, Yiwu,         1,000
Zhejiang, China

                                                                                             §,531

 Schedule of Crown Creditors

 HM Revenue & Customs Central National Insolvency Unit Sth Floor Regian House                  NIL
 James Street Liverpool L751AD _ Ref 160 8963 86 [VAT]

  HM Revenue & Customs Durrington Bridge House, Barrington Road, Worthing, BN12                NIL
  4SE_[PAYE/NIC]

                                                                                               NIL




   Total                                                                                     5,531