Share capital

[Ali272]

Hi. I just got my accounts from my accountant. I invested £50k by share capital. Does this satisfy HO requirement?

Note 5:
CALLED UP SHARE CAPITAL
Allotted, issued and fully paid:
Number: 50
Class: Ordinary
Nominal value: £1000
Total: £50000
50 Ordinary shares of £1000 each were allotted and fully paid for cash at par during the period.

Note 7:
CONTROL
The company was controlled by Mr ****************** throughout the period by virtue of his 100%
shareholding in the company.

The accounts mentioned my name in note 7 instead of note 5. Is this acceptable?

Thank you so much.

[nasiaziz]

It needs to show ur name in shareholding note.
like this:
Details of shareholding are as follows:

(Your name) 50 paid ordinary shares, nominal value £1000 each.
and then add one line
mr (your name) has invested £50000 in the company.
regards

[saeed123]

hi ,
what date we can put on the account if the money has been transfered in to business account in different dates.

[zimba]

hi ,
what date we can put on the account if the money has been transfered in to business account in different dates.

You do not put investment dates in the accounts. Accounts is dated on the day it is prepared and for the period it covers

[saeed123]

hi Zimba ,

Paragraph 46-SD (b)(4) if the applicant has invested by the way of share capital the business account 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 accounts, if the value of the applicants's share is not shown in the accounts then a copy of the company 's register of members must be provided".

it asking to add the amount and value of the share s( on the date of purchase ) if the money has not transferred in one go , what date we can put?

[raj.m]

Just send register of members with your application, in any case.

[saeed123]

Thanks for the reply