You are very welcome 🙏

I am delighted it helped 🙏👍

I am delighted to hear it was useful 🙂

You’re very welcome 🙏👍

Please get a local accountant to help you

This relates to shares, which is most likely paid up share capital

Hi Rose Having money go out of your bank for accountancy fees means that these are not dormant accounts. Therefore, you have to file normal accounts. They cannot be dormant. Sorry to be the bearer of bad news.

@@UK-Property-Tax-Accountants Hi so I did check and my accountant had already accounted for those fees for the last return. It was just that they were paid retrospectively. The company has not traded whatsoever, no invoices received. I’m currently going through my MVL, SWORN statement disclosure of solvency completed. They will do the final reconciliation for the nominal charges. I just hope they inform companies house in time. That’s why I’m wondering if it’s worth while filing the dormant accounts. Thanks

I am delighted to see that it was helpful 🙏

I would always advise HMRC that you have set of dormant accounts and no tax return is to be submitted

I am pleased it helped 👍

The purchase of shares is the asset for you. The money you invested to buy the shares (cash) is the asset for the company

These details will be listed in your articles of association when you formed the company 👍

When a limited company is formed it has a different status for ordinary shares. Firstly pulled up, which means how many shares have been created. Paid, which means money has been transferred from you to the limited company for the share that has been created. Unpaid, which means this year has been created but no money has been transferred from you to the limited company. I hope this helps but to be honest there isn’t much of an issue when it comes to your accounts and the statuses

That very much depends on what the items are, what you do, how long the purchase were made. Get in touch and book a tax consultation to get answers to these specific and complex elements 👍

I am glad that you found it useful 👍

You would need shareholders to buy the shares and paid the money

Sadly I am not sure what the issue might be. Best to call Companies House

Best of luck to you.

@@UK-Property-Tax-Accountants ok. Thanks.

You are very welcome 🙏

The same way as this videos shows for on time submissions

That would be the correct thing to do

This is indeed valid provided that there are no transactions during the course of the year. The year and balance sheet numbers must be the same as the previous year for it to be deemed dormant

You are welcome

Companies House is your first stop 👍

@@UK-Property-Tax-Accountants I have the same question, where at Companies house would I find out that information for my company?

@Katie-Lei please use this link www.gov.uk/get-information-about-a-company

Yes indeed you do

You are very welcome 🙏

You can put these expenses into the accounts but the company will no longer be dormant

That makes so much sense. Thank you Very Much.

You are always welcome 🙏

You are very welcome 🙏

find-and-update.company-information.service.gov.uk/

You are very welcome 🙏

So sorry to hear that you are having issues. Keep trying as they do eventually come back to you

I am in the same situation, what did you do?

You are very welcome 🙏

It is possible for you to write a letter to companies house with a reason for the delay. You may need to do the same with HMRC

@@UK-Property-Tax-Accountants Many many thanks for your help....

You are very welcome

Thank you, you are very welcome

Whoever submitted them would be able to retrieve the numbers. Also companies House provides you with a public record: www.gov.uk/get-information-about-a-company

You can certainly give it a go if you are confident in your approach and have the systems in place

That seems a fair and reasonable price nowadays given that a qualified accountants salary is circa £50k outside of London and circa £70k in London

A company cannot be formed if no shares have been issued because the entity has no ownership

Typically you do not have to submit a CT 600 for a dormant company. However, HMRC on the Tories at sending a demand letter and a penalty notice. As such, we submit CT 600s irrespective of a trading company or a dormant company to be on the safe side. Again, you do not need to do this legally. We just choose to do it to be on the safe side

To be fair it does take time to get details from clients but as you can see DIY is much cheaper and not a hard job at all