Dear Gurus,
My Visa is expiring by end of this month.
I started the business in June 2013 when I was in PSW. The initial investment was £15,000 and shown this on my Initial Application.
Accountant has done unaudited account for The year 2017(Year ending 2016-2017 Feb 28)
the total investment on that date is £49,500.(Feb 2017)
And I have transferred another £5,000 this month
When I asked Management account for rest of the period(1 March to 15 May), He said you don't need it.
He suggested me to do a Directors Loan agreement on the date of 5,000 transferred.
Show 50,00 Loan agreement and the add line "This supersedes all previous loan agreements."
I am not sure is this the right thing to do.
I am not showing any bank statement for previous investment, as it is already shown on initial application
Please Help
Kind Regards
R K
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