Case details for CAROL ANNE WISEMAN

Name: CAROL ANNE WISEMAN

Name: Jacamar Properties Limited

Date of Birth: 23 / 12 / 1967

Date Order Starts: 10 / 1 / 2019

Disqualification Length: 6 Years 0 Month(s)

CRO Number: SC270786

Last Known Address: 1 Burn's Place, , , , FRASERBURGH, AB43 7BE

Conduct: 1. Between 01 August 2015 and liquidation on 20 February 2018, Mrs Carole Ann Wiseman (“Ms Wiseman”) failed to ensure that Jacamar Properties Limited (“The Company”) maintained and/or preserved adequate accounting records, or in the alternative failed to deliver up such records to the liquidator. As a consequence it has not been possible to account for the following:

  • The position on the cheque withdrawals totalling £295,643
  • Company bank statements reveal expenditure for the period 01 August 2015 to liquidation, totalled £426,999. Of this sum, narrative entries on the bank statements account for £131,356 in respect of payments to identifiable business expenditure and bank charges.
  • The balance of £295,643 represents cheque withdrawals of which £169,500 were drawn in round sum amounts over £500. In the absence of company accounting records it is not possible to determine if these withdrawals were used for the benefit of the company and/or its creditors.
  • The inability to verify/substantiate the level of remuneration paid to the director and the amounts owed to, or owed by, the director in respect of any director’s loan account.
  • The position on the company debtors:
  • Company accounts for the year ended 31 July 2015 disclose trade debtors of £3,200 and other debtors totalling £439,809 of which £340,699 related to an overdrawn director’s loan account. In the absence of company accounting records it is not possible to determine if the amounts outstanding were collected or repaid and used for the benefit of the company and its creditors.
  • The correct position in relation to Value Added Tax (“VAT”) and Pay As Your Earn and National Insurance (“PAYE/NIC”) due to HM Revenue and Customs (“HMRC”):
  • The company failed to submit returns for the quarters ended 31 August 2016 to 30 November 2016. In the absence of timely returns estimated assessments and surcharges were raised totalling £16,067.50.
  • The company failed to submit monthly PAYE/NIC returns for the periods 06 April 2017 to 05 October 2017 resulting in HMRC raising estimated amounts totalling £17,580.09. 2. Between 22 November 2015, when the liability in respect of PAYE and NIC for the period 06 October 2015 and 05 November 2015 fell due, and between 7th October 2016, when the liability in respect of VAT for the quarter ending 31 August 2016 fell due, and 20 February 2018, the date the company entered liquidation, she caused Jacamar to trade to the detriment of HMRC, through failing to ensure that the company complied with its statutory obligations to submit returns and payments in respect of PAYE and NIC and VAT. PAYE/NIC
  • The company submitted monthly PAYE/NIC returns for the period 06 October 2015, due on the 22 November 2015 to 05 April 2017, due on 22 April 2017 totalling £56,195.21 against which payments totalling £13,412.77 were made and employer’s allowance of £4,423.09 credited leaving £38,359.35 outstanding at liquidation.
  • The company failed to submit monthly PAYE/NIC returns for the period 06 April 2017 to 05 January 2018 resulting in HMRC raising estimated amounts totalling £26,371.35 against which no payments were made leaving the full amount outstanding at liquidation. VAT
  • The company failed to submit returns for the quarters ended 31 August 2016 to 30 November 2017. In the absence of timely returns estimated assessments and surcharges were raised totalling £16,067.50 against which no payments were made leaving the full amount outstanding at liquidation. Comparative Treatment
  • Accounts for the year ended 31 July 2015 reveal trade creditors totalling £3,220, Tax/Social Security, other taxes and VAT totalling £5,813 and accrued expenses £4,970. At liquidation HMRC submitted a claim in the sum of £88,327 whilst other claims totalled £14,155.
  • A review of the company bank statements for the period 22 November 2015 to liquidation disclose expenditure totalling £340,369 of which £228,378 related to cheque transactions and £103,431 in legitimate business expenditure and bank charges. During this period £8,560 was paid to HMRC. 

    This information is correct as at 21 / 12 / 2018



    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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