Management accounts for extension

Dera Forum members,
Is it compulsory to submit managementa accounts too to UKBA? I mean i have 2 years annual accounts submitted to company house. Do i need to submit management accounts to UKBA while its not due by companies house. I have seen on forum that someone's extension was refused due to lack of managementa ccounts but that guy made investment late.
So if i have already transferred all money to business bank and its showing on ur 2nd year accounts and business bank? do i still need to submit management accounts for few months?

Thanks

Meesha wrote:Dera Forum members,
Is it compulsory to submit managementa accounts too to UKBA? I mean i have 2 years annual accounts submitted to company house. Do i need to submit management accounts to UKBA while its not due by companies house. I have seen on forum that someone's extension was refused due to lack of managementa ccounts but that guy made investment late.
So if i have already transferred all money to business bank and its showing on ur 2nd year accounts and business bank? do i still need to submit management accounts for few months?

Thanks

You need to submit management accounts if your unaudited submitted accounts do NOT cover the full investment period. The person you are referring to was refused because his audited accounts did not cover the full investment period and then he failed to provide interim/management accounts to show full investment has been made. If your unaudited accounts show the full investment has already been made and all the money is now with your business, then sending extra accounts is optional and up to you.

Hi, can anyone explain please what are management accounts and compilation report or what should the content of management accounts and compilation report as my accountant seems to be blank on it.
your reply is highly appreciable

Atif786 wrote:Hi, can anyone explain please what are management accounts and compilation report or what should the content of management accounts and compilation report as my accountant seems to be blank on it.
your reply is highly appreciable

Not really an immigration matter.
However suggest change accountant asap.

Atif786 wrote:Hi, can anyone explain please what are management accounts and compilation report or what should the content of management accounts and compilation report as my accountant seems to be blank on it.
your reply is highly appreciable

The compilation report is a one page with the heading as below:

Report to the director on the preparation of unaudited statutory accounts of XYZ
Limitd

So it will be inclusive in your accounts by default...It does not say compilation report but that's it is as above said.

Hi Meesha,
I would say submit the management accounts even if you have not made any investment since you filed your last accounts because almost every applicant is submitting these and not having them can be used as a reason for refusal. And it is not an unnecessary extra document anyway.
As you have mentioned above my own extension application was refused due to management accounts.