Dormant account format for Companies House UK - Concise Accountancy Unless it was limited by guarantee then there must have been at least one shareholder when it was formed. Do we need to make a share capital reduction in respect of Company As share capital before it is dissolved to avoid any rights (including to recover amounts paid by way of unlawful capital distribution) passing to the Crown and to protect Company As shareholder/directors? The money that is raised through the sale of these shares or stock is known as share capital. Called up share capital not paid would be zero. In my case the company made a loss this year therefore nothing could be issued to investors. You have rejected additional cookies. The following guidance is provided to help you complete micro-entity accounts for filing with Companies House. To file online, you would require your authentication code issued by Companies House. You can record this type of financing in either debtors or creditors depending on whether the shareholder is owed money by the company or vice versa. LLP filing and reporting requirements explained, Self Assessment for directors explained, At a glance annual accounts, tax returns, Corporation Tax and Self Assessment, Company meetings and resolutions explained, The Return of Allotment of Shares explained, Sensitive words and expressions in company names explained, Business bank accounts for non-UK residents. For example, if your company was incorporated on 3 March 2019, Companies House would normally give you a default accounting year-end date of 31 March 2020. You do not need to tell Companies House if you restart trading. But it is a process issue. If your companys issued share capital is less than their stated value, youll notice that this type of financing has been given to directors and shareholders (and may even be repaid by them at a later date). In most cases, there will have been delays within the payments process for either market forces or business reasons or both before called-up shares have been fully paid over by shareholders. . I believe it is the AA02 for myself - a dormant company form as I have not started trading yet. CALLED-UP SHARE CAPITAL definition - Cambridge Dictionary But if this isnt something that your company is planning on doing, then there is no need for these rules and regulations to apply. If not already explicit, the trust is created by section 42 of the 1987 Landlord and Tenant Act. Assuming they are subscriber shares they must inter alia be called? Long term resources, not cash or held for conversion into cash that do have a physical presence e.g. You leave the previous year column blank if this is the first year your company file a dormant company account. Concise Accountancy : 2008 - 2022 All right reserved. Belfast 1. Cookie Notice This note is only mandatory in statutory accounts. For micro-entity accounts this need not be disclosed separately, but can be included in a summary total of shareholders funds. Inserting the 'date of balance sheet' (the same as the accounting year end, specified by Companies House). Every company has to file an annual company account at Companies House and you can look up the record of last year's filing by your RTM at Companies House online website. Called up share capital, sometimes referred to as issued share capital, is the total amount of shares that have currently been issued to shareholders, but not necessarily paid for in full. Remember to submit your confirmation statement with Companies House also. Income received relating to a subsequent accounting period. Preparing dormant company accounts is pretty straightforward because the very nature of a dormant company means there arent any significant accounting transactions to report. There is no unlimited access to unpaid share capital since all companies have finite resources and it is often difficult for them to pay these off due to lack of cash flow; however, some directors may still give themselves this type of financing even though they know there is no way their company can afford it at that point in time.