Name: Irena Kolchagova

Name: Siren Services Limited

Date of Birth: 21 / 4 / 1965

Date Order Starts: 26 / 5 / 2026

Disqualification Length: 9 Years  Month(s)

CRO Number: 09356065

Last Known Address: 81, Barton Way, BOREHAMWOOD, , ,

Conduct: On 12 October 2020 Mrs Irena Kolchagova (‘Mrs Kolchagova’) applied for and obtained a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for Siren Services Ltd (‘Siren’) by overstating Siren’s turnover on its BBL application, thereby causing it to obtain £46,349 in BBL funding to which it was not entitled. In that: • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000; • Siren was incorporated on 16 December 2014; commenced trading on or around 23 November 2018 and was required to specify actual turnover for the calendar year 2019 in the BBL application; • The first transaction occurred on the Company’s bank account on 23 November 2018. • On 01 July 2020, the Company filed trading accounts, signed by Mrs Kolchagova on 30 June 2020, for the year ended 31 October 2019, • Bank statements for Siren’s account show trading receipts of £14,604 in the calendar year 2019; • On 12 October 2020 Mrs Kolchagova completed an application form for a BBL from Siren’s bank, self-certifying that its turnover in 2019 was £230,000 and requesting a loan of £50,000. • The BBL was received on 13 October 2020; • Siren therefore obtained £46,349 in BBL funding to which it was not entitled; • Siren made repayments of £1,518 • Siren entered Creditors’ Voluntary Liquidation on 12 July 2023 • At the liquidation date £49,666 remained outstanding in respect of the BBL. AMENDED ALLEGATION BY LSD LAWYER 19.02.2026 (slight amends) On 12 October 2020 Mrs Irena Kolchagova (‘Mrs Kolchagova’) applied for Government- backed Bounce Back Loan ('BBL') of £50,000 for Siren Services Limited ("SSL") by declaring SSL's turnover on its BBL application, that I knew or ought to have known, was overstated, thereby causing SSL to obtain £46,349 in BBL funding to which it was not entitled. In that: • The BBL scheme permitted a loan of up to 25% of a business' turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000; • SSL was incorporated on 1_6 December 2014; commenced tra8ing on or around 23 November 2018 and was required to specify actual turnover for the calendar year 2019 in the BBL application; • The first transaction occurred on SSL's bank account on 23 November 2018. • On 01 July 2020, SSL filed trading accounts, signed by me on 30 June 2020, for the year ended 31 October-2019, • Bank statements for SSL's account show trading receipts of £14,604 in the calendar year 2019; • On 4 2 October 2020 I completed an application form for a BBL from SSL's bank, self- certifying that its turnover in 201,9 was £230,000 and requesting a loan of £50,000. • The BBL was received on 13 October 2020; • SSL therefore obtained £46,349 in BBL funding to which it was not entitled; • SSL made repayments of £1,518 • SSL entered Creditors' Voluntary Liquidation on 12 July 2023 • At the liquidation date £49,666 remained outstanding in respect of the BBL. 

This information is correct as at 7 / 5 / 2026

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