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made an error on the Business Plan submitted

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

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cappachino
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Posts: 490
Joined: Mon Mar 25, 2013 9:24 pm
Location: LONDON

made an error on the Business Plan submitted

Post by cappachino » Wed Jul 10, 2013 9:36 am

I have made an error on my bp
The depreciation amount in the profit n loss was calculated for 7 years and the deduction in the balance sheet from the asset value has been calculated at 5 years
Waiting for my interview call
How should I handle this would this be grounds for refusal

Dayyurite
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Posts: 147
Joined: Fri May 10, 2013 7:59 am
Contact:

Post by Dayyurite » Wed Jul 10, 2013 9:55 am

Dont worry yourself about balance sheet. They only want to see your forecast sales, profit and loss, and cash flow.

Or have you invested you investment funds?

If so, you can be worried

entrepreneur123
Senior Member
Posts: 640
Joined: Wed Jan 09, 2013 11:12 am

Re: made an error on the Business Plan submitted

Post by entrepreneur123 » Wed Jul 10, 2013 10:16 am

Just make new corrected financial statements, and take them with you at interview and tell them you made admin mistake in original bp. Personally think you do not need to worry about it.
cappachino wrote:I have made an error on my bp
The depreciation amount in the profit n loss was calculated for 7 years and the deduction in the balance sheet from the asset value has been calculated at 5 years
Waiting for my interview call
How should I handle this would this be grounds for refusal

rsrameshsunil
Member
Posts: 186
Joined: Mon Mar 21, 2011 9:42 pm

Re: made an error on the Business Plan submitted

Post by rsrameshsunil » Wed Jul 10, 2013 10:40 am

cappachino wrote:I have made an error on my bp
The depreciation amount in the profit n loss was calculated for 7 years and the deduction in the balance sheet from the asset value has been calculated at 5 years
Waiting for my interview call
How should I handle this would this be grounds for refusal
Do not worry at all. They are not smart enough to even understand what "depreciation" even means.

cappachino
Member of Standing
Posts: 490
Joined: Mon Mar 25, 2013 9:24 pm
Location: LONDON

tier 1

Post by cappachino » Wed Jul 10, 2013 11:32 am

Thank you guys for your reply
As time passes and waiting for my interview call it is difficult not to worry/stress about every little issue
By the way i applied under the 200k category from Pakistan

cappachino
Member of Standing
Posts: 490
Joined: Mon Mar 25, 2013 9:24 pm
Location: LONDON

Post by cappachino » Wed Jul 10, 2013 12:04 pm

Dayyurite wrote:Dont worry yourself about balance sheet. They only want to see your forecast sales, profit and loss, and cash flow.

Or have you invested you investment funds?

If so, you can be worried
No I have not invested
Amount in barclays london
Applying from overseas 200k cat
If they want to see my profit and loss then that is where the mistake lies am I looking at a tough interview and then a refusal

Darvesh
Member of Standing
Posts: 444
Joined: Wed Feb 27, 2013 11:44 pm
Location: London
United Kingdom

Post by Darvesh » Wed Jul 10, 2013 7:34 pm

whatever happen will will happen so sit bak and relax and hope for the best as nothing u can do now til u will be called over for interview or asked for more docs by caseworker.

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