The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025
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Change 1
15 Statement of affairs: content
(1) The statement of affairs must— (a) be headed “Statement of affairs”; (b) include immediately below the heading— (i) the full name, registered address, registered number and any other trading names of the company; (ii) details of the court where the proceedings are and the court reference number; (c) state that it is a statement of affairs of the company on the date on which it entered T&S administration. (2) The statement of affairs must contain, in addition to the matters required by paragraph 47(2) of Schedule B1 to the 1986 Act, the following— (a) a summary of the assets of the company, setting out the book value and estimated realisable value of— (i) any assets subject to a fixed charge; (ii) any assets subject to a floating charge; (iii) any uncharged assets; (iv) the total value of all the assets available for preferential creditors; (b) a summary of the liabilities of the company, setting out— (i) the amount of preferential debts; (ii) an estimate of the deficiency with respect to preferential debts or the surplus available after paying the preferential debts; (iii) if applicable, an estimate of the prescribed part; (iv) the amount of debt secured by floating charges; (v) an estimate of the total assets available to pay debts secured by floating charges; (vi) an estimate of the deficiency with respect to debts secured by floating charges or the surplus available after paying the debts secured by fixed or floating charges; (vii) the amount of unsecured debts, excluding preferential debts; (viii) an estimate of the deficiency with respect to unsecured debts or the surplus available after paying unsecured debts; (ix) any issued and called-up capital; (x) an estimate of the deficiency with respect to, or surplus available to, members of the company; (c) a list of the company’s creditors, with the further information required by paragraph (3) and indicating— (i) any creditors under hire-purchase, chattel leasing or conditional sale agreements; (ii) any creditors claiming retention of title over property in the company’s possession; (d) the name and address of each member of the company and the number, nominal value and other details of the shares held by each member. (3) The list of creditors required by paragraph 47(2) of Schedule B1 to the 1986 Act and paragraph (2)(c) of this rule must contain the following information, unless paragraph (4) applies— (a) the name and postal address of the creditor; (b) the amount of the debt owed to the creditor; (c) details of any security held by the creditor; (d) the date on which any such security was given; (e) the value of any such security. (4) This paragraph applies in respect of any creditor who is an employee or former employee of the company (an “employee and former employee creditor”). (5) Where paragraph (4) applies, the statement of affairs must— (a) state the number of employee and former employee creditors and the total amount of debts owed to them; (b) set out in a separate schedule the information required by paragraph (3)(a) to (e) in respect of each employee and former employee creditor.
15 Statement of affairs: content
(1) The statement of affairs must— (a) be headed “Statement of affairs”; (b) include immediately below the heading— (i) the full name, registered address, registered number and any other trading names of the company; (ii) details of the court where the proceedings are and the court reference number; (c) state that it is a statement of affairs of the company on the date on which it entered T&S administration. (2) The statement of affairs must contain, in addition to the matters required by paragraph 47(2) of Schedule B1 to the 1986 Act, the following— (a) a summary of the assets of the company, setting out the book value and estimated realisable value of— (i) any assets subject to a fixed charge; (ii) any assets subject to a floating charge; (iii) any uncharged assets; (iv) the total value of all the assets available for preferential creditors; (b) a summary of the liabilities of the company, setting out— (i) the amount of preferential debts; (ii) an estimate of the deficiency with respect to preferential debts or the surplus available after paying the preferential debts; (iii) if applicable, an estimate of the prescribed part; (iv) the amount of debt secured by floating charges; (v) an estimate of the total assets available to pay debts secured by floating charges; (vi) an estimate of the deficiency with respect to debts secured by floating charges or the surplus available after paying the debts secured by fixed or floating charges; (vii) the amount of unsecured debts, excluding preferential debts; (viii) an estimate of the deficiency with respect to unsecured debts or the surplus available after paying unsecured debts; (ix) any issued and called-up capital; (x) an estimate of the deficiency with respect to, or surplus available to, members of the company; (c) a list of the company’s creditors, with the further information required by paragraph (3) and indicating— (i) any creditors under hire-purchase, chattel leasing or conditional sale agreements; (ii) any creditors claiming retention of title over property in the company’s possession; (d) the name and address of each member of the company and the number, nominal value and other details of the shares held by each member. (3) The list of creditors required by paragraph 47(2) of Schedule B1 to the 1986 Act and paragraph (2)(c) of this rule must contain the following information, unless paragraph (4) applies— (a) the name and postal address of the creditor; (b) the amount of the debt owed to the creditor; (c) details of any security held by the creditor; (d) the date on which any such security was given; (e) the value of any such security. (4) This paragraph applies in respect of any creditor who is an employee or former employee of the company (an “employee and former employee creditor”). (5) Where paragraph (4) applies, the statement of affairs must— (a) state the number of employee and former employee creditors and the total amount of debts owed to them; (b) set out in a separate schedule the information required by paragraph (3)(a) to (e) in respect of each employee and former employee creditor.
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