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Your company accounts usually show these under Creditors section. Tell you accountant to add your name and loan amount there.lavildhillon wrote:Hello Friends,
I have an extension in July 2016. I have made the transfers of £7k in 2014-2015 and in this current year I have made the transfer of £22K so far. My query is How I can show this transfers ( which is Investment from personal account to business account) in Au-audited accounts ?
Please help me, as I am really confused.
As long as a company owes any money, those debts should appear under Creditors section.lavildhillon wrote:Hi Zimba,
Much appreciated for your reply, I haven't took the director loan still it will come under creditors section ?
It is better to say "Director's loan by YOUR NAME". As long as it is clear it is director's loan under your namekayani2012 wrote:hello zimba
my appear in this format
"Creditors: amounts falling due after one year
Director Investment "
is this ok?
Your accountant must be able to put the correct wordings for your as long as it says loan and mentions your name. Just beware that according to the rules, your director's loan must be identifiable in your accounts under your name.kayani2012 wrote:so it should appear in notes
Director's loan - Amount
Director name ?
If you submitted your annual accounts, you might be able to amend it (Again talk to your accountant)kayani2012 wrote:Zimba can i change these wording from un audit accnts now or just do it in management accounts?
well if you are the only one and it says Director's Loan, obviously it means you investedkayani2012 wrote:Thanks Zimba
I was with accountant and i change from director investment to director loan in un audit accts and also from management accts.
I asked him about putting my name under director loan, he said i am only director in company so its already mention in accts
Is that ok?
Just make sure that you accounts (and your balance sheet) has your full name and signature.
Yes. As long as your accounts show clearly that the investment was made under your name. Capital can remain in the bank.1. My management accounts are showing that I have invested £30,000 in my business via share capital and £20,000 are there in business account at time I applied for visa extension. Does this will grant me a visa ?
According to the rules, you do not need to show you have spent your money. Focus only to show you invested.2. If my company is in profit and it haven't used share capital at all in three years of business. How will I show investment ? Does that £50,000 has to be shown in business account ?
Not according to Immigration rules Appendix A:lavildhillon wrote:Hi All,
Do we need to submit business bank account statement If you are applying via share capital investment?
Thanks
(b) Audited or unaudited accounts must show the investment in money made directly by the applicant, in his own name or on his behalf (and showing his name). If he has invested by way of share capital the business accounts must show the shareholders, the amount and value of the shares (on the date of purchase) in the applicant’s name as it appears on his application. If the value of the applicant’s share capital is not shown in the accounts, then a copy of the company’s register of members must be provided. The accounts must clearly show the name of the accountant, the date the accounts were produced, and how much the applicant has invested in the business. The accounts must be prepared and signed off by the accountant in accordance with statutory requirements,
[/quote](b) Audited or unaudited accounts must show the investment in money made directly by the applicant, in his own name or on his behalf (and showing his name). If he has invested by way of share capital the business accounts must show the shareholders, the amount and value of the shares (on the date of purchase) in the applicant’s name as it appears on his application. If the value of the applicant’s share capital is not shown in the accounts, then a copy of the company’s register of members must be provided. The accounts must clearly show the name of the accountant, the date the accounts were produced, and how much the applicant has invested in the business. The accounts must be prepared and signed off by the accountant in accordance with statutory requirements,
Hi Zimba,lavildhillon wrote:(b) Audited or unaudited accounts must show the investment in money made directly by the applicant, in his own name or on his behalf (and showing his name). If he has invested by way of share capital the business accounts must show the shareholders, the amount and value of the shares (on the date of purchase) in the applicant’s name as it appears on his application. If the value of the applicant’s share capital is not shown in the accounts, then a copy of the company’s register of members must be provided. The accounts must clearly show the name of the accountant, the date the accounts were produced, and how much the applicant has invested in the business. The accounts must be prepared and signed off by the accountant in accordance with statutory requirements,
Yes. Read the guidehelpingperson wrote:What if you have made some investment in form of director loan, then what is required?
Does director loan has to be recorded in accounts?
