Case details for PETER MANN

Name: PETER MANN

Name: The Bell Restaurant Company Limited

Date of Birth: 11 / 10 / 1979

Date Order Starts: 7 / 6 / 2022

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09454223

Last Known Address: 125 Mount Pleasant,, , , , KINGSWINFORD,, DY6 9SS

Conduct: 1.Mr Peter Mann ('Mr Mann') failed to ensure that The Bell Restaurant Company Ltd ('TBR') maintained and/or preserved adequate records or, in the alternative, he has failed to deliver up any or sufficient accounting records, to explain TBR's financial affairs for the period from 30 June 2019, its last management accounts, to liquidation on 29 January 2020. In that: TBR commenced trading in February 2015 and its last accounts filed were to 28 February 2019; Management accounts were prepared by TBR’s accountant for the period to 30 June 2019; No accounting or administrative records have been delivered up for the period after 30 June 2019 to its liquidation; Without such records it has not been possible to: o establish what happened to assets totalling £65,871 shown in the management accounts to June 2019 and to verify that these were used for the benefit of the Company; o explain the change in TBR’s financial position from net assets of £7,789 in June 2019 to a deficiency of at least £128,604 at the liquidation date; o explain the source of income of £203,670 paid into TBR’s bank account from 01 July 2019 and specifically verify that these were all the moneys received by it; o determine the level of cash receipts and how this cash was disbursed; o account for expenditure of £205,202 from the bank account from 01 July 2019, verify that this was all legitimate company expenses (or were accounted for in a director's loan account) and confirm that all creditors have been disclosed in the liquidation; o ascertain what was due to or from Mr Mann at the liquidation date; o determine whether payments to named individuals were wages payments and if so, whether tax due on these payments has been correctly accounted for to HM Revenue & customs ('HMRC'); o ascertain if the assessments for VAT raised by HMRC are reasonable; o determine the reason for TBR's failure 2. Mr Mann failed to ensure that TBR dealt properly with its tax affairs and as a consequence caused it to trade to the detriment of HMRC from at least 07 August 2018, being the date when VAT for the quarter to June 2018 became due, to liquidation on 29 January 2020. As a consequence HMRC has submitted a claim in the liquidation for £105,603. In that: VAT TBR registered for VAT on 23 February 2015 and filed returns up to the quarter to June 2019, thereafter HMRC raised assessments; The returns to December 2017 were paid in full, No payments were made between March 2018 and February 2019; The last payment made for VAT was £12,500 on 07 February 2019, which was allocated to the return for March 2018 and in part-payment of that for June 2018; At the liquidation date a balance of £11,728 remained outstanding from June 2018, which should have been settled by 07 August 2018, and total VAT due was £86,459; PAYE/NIC AND CT A further £9,140 was due for PAYE/NIC, dating from April 2019, together with Corporation Tax of £2,767; Treatment of creditors The filed accounts to the end of February 2018 disclose that £8,163 was owed to trade creditors and £22,686 was due to HMRC; At the liquidation date there were no trade creditors outstanding and HMRC submitted a claim for £105,603; Bank statements show payments of £593,650 from 01 August 2018, of which £23,680 was paid to HMRC. The last payment made in relation to any taxation category was £2,733 on 3 June 2019 

This information is correct as at 18 / 5 / 2022



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