British Columbia · Receivership (court-appointed)
Affidavit of Anthony Cimo dated December 23, 2024
Affidavit · 23 December 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- financial positionnote: Petitioners state: 'The Petitioners do not have any secured creditors and there are no PPSA registrations against the Petitioners.' (p.35). SOAP total assets ~$360,188 as at Dec 31, 2023 (p.24) and ~$558,521 as at Oct 31, 2024 (p.25); SOAP total liabilities ~$309,454 as at Dec 31, 2023 (p.25) and ~$507,789 as at Oct 31, 2024 (p.25). ULC total assets ~$245,847 as at Dec 31, 2023, based on internal trial balance, primarily owner receivables (p.25). ULC total liabilities ~$1,334,432 as at Dec 31, 2023, consisting of ~$1,200,000 intercompany transfers, ~$11,000 accounts payable, ~$110,000 GST control account (p.25). Petitioner Strata Lots (primary assets) not recorded on SOAP balance sheet and location within T+L Group books unclear (p.25). Books and records of Petitioners noted as potentially incomplete (p.24). · page: 24 · basis: management-prepared/internal trial balance and audited-reviewed financial statements, approximate figures · scope: entity-level: SVC-Mountainside ULC and Shell Owners Association - Pacific (Petitioners), reported separately · currency: CAD
- secured creditors