Directors Loan in Annual accounts after Extension?

ishfaqsangra · Post by **ishfaqsangra** » Wed Nov 01, 2017 8:49 pm

Hi
Sorry if it is not particularly relevant question but may be a little bit.
My accountant prepared my company annual accounts for submission and he did not mention Directors Loan anywhere other than Amout falling due after 1 year.
When Iasked why you did not mention it as Directors Loan ,he replied that FRS (Financial Reporting system) for accounts exempted it since April 2017 to be mentioned in notes just to make it easy for companies.
Anyone filed accounts following extension without particularly mentioning DL? I searched it online not very clear and requested again to add that which he said look for FRS105.
Regards.

marcnath · Post by **marcnath** » Wed Nov 01, 2017 8:58 pm

ishfaqsangra wrote: ↑
Wed Nov 01, 2017 8:49 pm
Hi
Sorry if it is not particularly relevant question but may be a little bit.
My accountant prepared my company annual accounts for submission and he did not mention Directors Loan anywhere other than Amout falling due after 1 year.
When Iasked why you did not mention it as Directors Loan ,he replied that FRS (Financial Reporting system) for accounts exempted it since April 2017 to be mentioned in notes just to make it easy for companies.
Anyone filed accounts following extension without particularly mentioning DL? I searched it online not very clear and requested again to add that which he said look for FRS105.
Regards.

Would be much better if you didn't start new threads.
There is no requirement to have the DL evidence in accounts other than for the purpose of the extension.
You don't have to submit the accounts to HO either in your ILR application.

sm12 · Post by **sm12** » Wed Nov 01, 2017 9:44 pm

marcnath wrote: ↑
Wed Nov 01, 2017 8:58 pm

ishfaqsangra wrote: ↑
Wed Nov 01, 2017 8:49 pm
Hi
Sorry if it is not particularly relevant question but may be a little bit.
My accountant prepared my company annual accounts for submission and he did not mention Directors Loan anywhere other than Amout falling due after 1 year.
When Iasked why you did not mention it as Directors Loan ,he replied that FRS (Financial Reporting system) for accounts exempted it since April 2017 to be mentioned in notes just to make it easy for companies.
Anyone filed accounts following extension without particularly mentioning DL? I searched it online not very clear and requested again to add that which he said look for FRS105.
Regards.
Would be much better if you didn't start new threads.
There is no requirement to have the DL evidence in accounts other than for the purpose of the extension.
You don't have to submit the accounts to HO either in your ILR application.

Yes, and the ILR form does not ask for anything about investment for the 5 year route.
In fact, the question in the ILR form that asked the applicant to confirm that he or she invested the amount and previously provided proof at the extension stage has also been removed.

I don't think this would be a problem.

Immigrationboards.com: Immigration, work visa and work permit discussion board

Directors Loan in Annual accounts after Extension?

Directors Loan in Annual accounts after Extension?

Re: Directors Loan in Annual accounts after Extension?

Re: Directors Loan in Annual accounts after Extension?