Clarification

[nbhatt]

Hi

Can somebody please advise me for below 2 queries:

1. My accountant has stated below wordings in year end and management accounts for Director's loan, please advice if the wording is correct as most of the times meaning gets lost in translation

Under Creditors and notes to accounts section

The sole Director and shareholder Ms.xxx has made an investment of £ 50,000 in the form of Director's
Loan and the loan is unsecured and subordianated in favour of third party creditors.

2. I had applied an intime Tier 1 visa initial application on 3rd January 2014 which was rejected, the decision was appealed and finally got visa on 3rd August 2014.

My question is do I need to employ 2 employees or one employee please clarify (pre - post April rule).

Many thanks & Kind regards

[marcnath]

The wordings in the Accounts notes looks fine.

You are under pre-April 2104 transitional rules.