Newfoundland and Labrador · Receivership (court-appointed)
Private Receiver's First Report
Court officer report · 8 March 2019
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 filing3 verified · 1 withheld
- financial positionnote: Components only, no total stated: Accounts Receivable $383,445; Rental Pool Receivable from TNCC $25,962; Notes Receivable $1,002,709; Inventory $102,266; Guaranteed Investment Certificate $40,000; Shareholder Loan (68861 NL Inc.) $386,373; Investments/Advances to TNCC $174,505; Prepaid Expenses $43,225; Artwork $97,224; Capital Assets $1,107,931. Liabilities noted separately: BDC loans outstanding balance of approximately $3,228,664 as at date of Receivership; Town of Port Blandford property/business/water taxes totaling $78,232 as at December 31, 2018; CRA amounts including Corporate Income Tax $125,116, HST $88,070, Source Deductions $100,000, unsecured claim $59,877.72 and deemed trust claim $85,165.57; WHSCC final balance owing $5,564. · as at: 2018-11-12 · basis: preliminary review of the Companies' books and records on appointment; not audited or verified for accuracy or GAAP/IFRS compliance · scope: combined Sports Villas Resort, Inc. and Twin Rivers Golf Inc. (assets not segregated between the two entities) · currency: CAD
- report date8 March 2019
- report noFirst Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.