And(ii) If the applicant’s business is not required to produce audited accounts, unaudited accounts and an accounts compilation report must be provided from an accountant who is a member of a UK Recognised Supervisory Body (as defined in the Companies Act 2006);
My annual accounts shown £50000 share capital and no directors loan as creditor. So I am going on the share capital investment route.(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,
I am going to send 3 years accounts, management account (Showing expenses of over 100k), share certificate and annual return to show that I am the shareholder of that amount. My understanding is that it will satisfy the investment requirement.
They didn't really ask 3 years bank statements or any other documents. Am I correct thinking that I don't need to send any other documents for investment?
I am using 3 of my current full time employees to fulfill the 1 year 2 employees requirement
By May they will be4 months more then the required 1 year 2 employees. Sending monthly payslips, P11 and FPS will satisfy the requirement. Please correct me if I am wrong.
I have always had employees over the past 3 years, I don't need to send any documents about them even though their expenses are in my investment amount, do I?
Please advice me if I am wrong on any of these.