Case details for Andrew Geoffrey  Matin

Name: Andrew Geoffrey  Matin

Name: HARRISON PROPERTY PARTNERS LTD

Date of Birth: 19 / 3 / 1987

Date Order Starts: 3 / 9 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08087113

Last Known Address: 19 Church Walk, , , , THAMES DITTON, KT7 0NP

Conduct: 1. Andrew Matin failed to ensure Harrison Property Partners Limited (“Harrison”) maintained and/or preserved sufficient accounting records, or in the alternative failed to deliver up such accounting records to the liquidator. As a result, amongst other things the following consequences cannot be verified: • From 1 October 2016 to 7 February 2018 determine in the absence of purchase invoices and/or wage records the reason for expenditure totalling £770,871.79 and determine if it were for legitimate business expenditure and in particular 50 payments to 3 accounts totalling £187,612.09 • From 1 October 2016 to 7 February 2018 determine in the absence of sales invoices, the source of the credits in the bank account totalling £177,509.64 and determine if it were legitimate business income. • Determine when the company ceased trading • From 1 October 2016 to 7 February 2018 determine the level of remuneration taken by him. • Verify the reason for Harrison’s insolvency, and • Establish the accuracy of the statement of affairs sworn by him. 2. Between 7 October 2016 and 7 February 2018, the date of liquidation, Andrew Matin failed to ensure that Harrison complied with its statutory obligations to submit timely VAT returns to HMRC for the periods ending 31 August 2016 to 31 August 2017. Further, in the absence of VAT returns, HMRC raised auto Vat assessments. Andrew Matin knew or ought to have known that the correct amount due to HMRC in respect of VAT was significantly higher than the amounts assessed. This has resulted in Harrison failing to settle HMRC liabilities as and when due and thereby cause Harrison to trade to the detriment of HMRC in respect of VAT. HMRC • Assessments for VAT were raised for the periods ending February 2013 to May 2016 prior to your appointment as director. • Further assessments were raised for the periods ending August 2016 to August 2017. • Payments of £5,674.10 were made against the assessed VAT liability between 7 October 2016 and 6 December 2017 resulting in an outstanding VAT liability of £3,045.20. • On 7 December 2017 the VAT returns were submitted for all the VAT periods resulting in an outstanding liability of £297,360.04 to HMRC in respect of VAT. • The company was placed into liquidation on 7 February 2018. • HMRC submitted a claim in liquidation for VAT for £306,983.84 including surcharges of £27,946.05 and £37,079.94 in respect of PAYE for the years 2015/16, 2016/17 and 2017/18 plus interest of £822.44 • According to the statement of affairs, the total unsecured creditors were £309,354 of which all was owed to HMRC. • The statement of affairs also states under the heading ‘Trade & Expense Creditors’ “There are no trade creditors as all suppliers are paid as and when they fall due”. Bank Analysis • Analysis of the company’s bank statements shows that company sales for the VAT periods August 2016 to November 2017 were £887,978.38. Corresponding figures from the VAT returns show sales totalling £767,095.19. Comparative Treatment • Analysis of the company’s bank statements shows that between 7 October 2016 and 7 February 2018 sums totalling £743,473.37 were paid into the bank accounts and £766,745.08 were paid out. Of the £766,745.08 paid out £3,477.90 was listed as being paid to HMRC in respect of VAT, £34,365.97 to HMRC for Corporation Tax and PAYE and £295,4652.94 was listed as being paid to trade and expense creditors. 

This information is correct as at 16 / 8 / 2021


Name: Khushal KHAGRAM

Name: HARRISON PROPERTY PARTNERS LIMITED

Date of Birth: 7 / 5 / 1969

Date Order Starts: 15 / 12 / 2021

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08087113

Last Known Address: Flat 61, Finchley Court,, Ballards Lane,, , , FINCHLEY, N3 1NJ

Conduct: Between 7 October 2016 and 7 February 2018, the date of liquidation Khushal Khagram (“Mr Khagram”) failed to ensure that Harrison Property Partners Ltd (“Harrison”) complied with its statutory obligations to submit timely VAT returns to HMRC for the periods ending 31 August 2016 to 31 August 2017. Further, in the absence of VAT returns, HMRC raised auto VAT assessments. He knew or ought to have known that the correct amount due to HMRC in respect of VAT was significantly higher than the amounts assessed. This has resulted in Harrison failing to settle HMRC liabilities as and when due and thereby cause Harrison to trade to the detriment of HMRC in respect of VAT. HMRC • Assessments for VAT were raised for the periods ending February 2013 to May 2016 prior to his appointment as director. • Further assessments were raised for the periods ending August 2016 to August 2017. • He signed off the 30 September 2015 company accounts on 24 October 2016. The accounts show outstanding VAT liabilities of £141,984 as at 30 September 2015. The VAT ledger received from HMRC shows that at 30 September 2015 all the assessments had been paid and there was a nil balance. • Payments of £5,674.10 were made against the assessed VAT liability between 7 October 2016 and 6 December 2017 resulting in an outstanding VAT liability of £3,045.20. • On 7 December 2017 the VAT returns were submitted for all the VAT periods resulting in an outstanding liability of £297,360.04 to HMRC in respect of VAT. • The company was placed into liquidation on 7 February 2018. • HMRC submitted a claim in liquidation for VAT for £306,983.84 including surcharges of £27,946.05 and £37,079.94 in respect of PAYE for the years 2015/16, 2016/17 and 2017/18 plus interest of £822.44 • According to the statement of affairs, the total unsecured creditors were £309,354 of which all was owed to HMRC. • The statement of affairs also states under the heading ‘Trade & Expense Creditors’ “There are no trade creditors as all suppliers are paid as and when they fall due”. Bank Analysis • Analysis of the company’s bank statements shows that company sales for the VAT periods August 2016 to November 2017 were £887,978.38. Corresponding figures from the VAT returns show sales totalling £767,095.19. Comparative Treatment Analysis of the company’s bank statements shows that between 7 October 2016 and 7 February 2018 sums totalling £743,473.37 were paid into the bank accounts and £766,745.08 were paid out. Of the £766,745.08 paid out £3,477.90 was listed as being paid to HMRC in respect of VAT, £34,365.97 to HMRC for Corporation Tax and PAYE and £295,4652.94 was listed as being paid to trade and expense creditors. 

This information is correct as at 25 / 11 / 2021



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