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Annual account for Tier 1 extension

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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ICBS
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Annual account for Tier 1 extension

Post by ICBS » Tue Feb 23, 2021 6:43 pm

Hello,

My accountant has submitted Micro entity accounts with Companies house. In the micro entity accounts there is limited information. It does not provide disclosure about the Loan from directors.

My accountant has provided full accounts with signed compilation report.

If I submit full accounts with compilation report with my extension application, will Home office accept or will this be rejected as the accounts format is not similar to the one submitted with companies house?

Thanks

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marcnath
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Re: Annual account for Tier 1 extension

Post by marcnath » Tue Feb 23, 2021 7:40 pm

ICBS wrote:
Tue Feb 23, 2021 6:43 pm
Hello,

My accountant has submitted Micro entity accounts with Companies house. In the micro entity accounts there is limited information. It does not provide disclosure about the Loan from directors.

My accountant has provided full accounts with signed compilation report.

If I submit full accounts with compilation report with my extension application, will Home office accept or will this be rejected as the accounts format is not similar to the one submitted with companies house?

Thanks
It is the account that you submit with your application that matters, not the one in the companies house.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

ICBS
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Joined: Tue Feb 09, 2016 2:42 pm

Re: Annual account for Tier 1 extension

Post by ICBS » Wed Feb 24, 2021 1:33 pm

Thanks for the response. Does HO compare accounts with companies house?

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CR001
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Re: Annual account for Tier 1 extension

Post by CR001 » Wed Feb 24, 2021 1:39 pm

ICBS wrote:
Wed Feb 24, 2021 1:33 pm
Thanks for the response. Does HO compare accounts with companies house?
No!
Char (CR001 not Casa)
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Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

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Frontier Mole
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Re: Annual account for Tier 1 extension

Post by Frontier Mole » Thu Feb 25, 2021 12:15 am

The Home Office will use three sources to potentially gather and compare annual accounts. The full accounts submitted by the migrant, HMRC records (where available) and Company House.

The prime documents are the full accounts.

HMRC is good for previous accounting periods that should have been declared.

Company House accounts are generally of little value because most businesses fall within the lessor detailed requirements. Mostly checked just to see if submitted them and you are up to date with Company House.

If there are any inconsistencies or differences measured against any of the sources it will lead to questions as to why that is the case.

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