Case details for Karen Nicola Troop

Name: Karen Nicola Troop

Name: DIGITAL KARMA PRODUCTIONS LIMITED

Date of Birth: 8 / 3 / 1978

Date Order Starts: 18 / 7 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08230853

Last Known Address: 60 COPPERLIGHT APARTMENTS, 16 BUCKHOLD ROAD, , , LONDON, SW18 4FY

Conduct: Karen Nicola Troop (“Ms Troop”) failed to ensure that Digital Karma Productions Limited (“Digital”) met its financial commitments to HM Revenue & Customs ("HMRC") as regards Corporation Tax ("CT"), section 445 Tax and VAT and caused Digital to continue trading whilst withdrawing funds for the benefit of herself. As a result, Digital became unable to meet its financial commitments to HMRC as and when they became due at the latest from 01 July 2014 in respect of CT/ section 455 Tax and 07 February 2015 in respect of VAT; In particular: CT

  • Digital’s professionally prepared amended accounts to 30 September 2013 show CT due of £7,137.80 based upon profits of £35,689 and Section 455 Tax of £2,639 based upon an outstanding directors loan account of £34,199.47. Payment was made totalling £4,776.80 leaving an outstanding tax liability of £5,000.
  • Digital’s professionally prepared accounts to 30 September 2014 show CT due of £15,141 based upon profits of £74,405 and Section 455 Tax of £11,975.50 based upon an outstanding directors loan account of £82,101. No payments were made leaving an outstanding liability of £27,116.50 (excluding a penalty of £2,911.65).
  • Digital’s professionally prepared accounts to 22 September 2015 show CT due of £12,465 based upon profits of £61,141. No payments were made leaving an outstanding liability of 12,465.
  • Digital’s professionally prepared accounts to 22 September 2016 show CT due of £13,712.80 based upon profits of £66,540 and Section 455 Tax of £5,297.83 based upon an outstanding directors loan account of £112,210. No payments were made leaving an outstanding liability of £19,101.63. VAT
  • VAT returns totalling £5,412.42 (excluding a surcharge of £366.52) were made for the quarter end periods December 2014 and March 2015. Digital paid the VAT in full (last payment made 18.03.2016) leaving an outstanding surcharge balance of £366.52.
  • A VAT return of £3,605.94 (excludes Surcharge of £540.89) was made for the quarter end period June 2015. No payment was made.
  • VAT returns totalling £9,951.24 (excluding Surcharges of £921.25) were made for the quarter end periods September 2015, December 2015 and March 2016. These were paid in full with the last payment being made on 31 August 2016.
  • VAT returns totalling £12,402 (excluding surcharges of £1,860.30) were made for the quarter end periods June 2016, September 2016, December 2016 and March 2017. No payments were made.
  • No returns were made for the quarter end periods June 2017 and September 2017 therefore HMRC raised assessments totalling £7,035 (excluding a surcharge of £656.85). No payments were made.
  • The outstanding VAT liability at the cessation of trade totalled £26,467.50 inclusive of surcharges. Different Treatment
  • From 01 October 2013 the amount due to HMRC, the only known creditor at liquidation, increased from £29,488 to at least £92,971.
  • In contrast, over the period 01 October 2013 to 22 October 2016 she received payments of £223,822 by way of dividend, director's loan and/or salary. Over the period 23 September 2016 to liquidation, she received further payments of at least £63,660. 

    This information is correct as at 2 / 8 / 2019



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gov.uk with details of the error that you have found.

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