transfert of share

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jiji
jiji Registered Posts: 3 New contributor 🐸
in Chat and off-topic discussion
transfert of share
Hello everybody

I am a student in aat level 2 but I am in front of a problem I can't solve as I have not really the skills for this

1) 4 personns have created a limited company. On the memorandum the capital of the company should be 10 000 divided on 10 000 share= 1£ each
2) the 4 personn have only gave 500 pounds each to the bank a/c total = 2000
3) after several month 1063.40 has been spent on revenue expenditure and still no income from sale or no more money for the capital filled in the bank account
4) 2 of the shareholders want to live and have their investment back so they are going to sell it

question: From which amount 10 0000 or 2000-1063.40should we calculate to sell the share?

Thank you very much for your help

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  • bryan100
    bryan100 Registered Posts: 23 New contributor 🐸
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    you use the net worth of the company. In this case cash at bank less any trade creditors.
  • lilybaby
    lilybaby Registered Posts: 1 New contributor 🐸
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    Answer

    Hello,
    I'm on level 2 aswell. You have to diduct the revenue expenditure on £2000 from the bank a/c because the 10 000 shares are protected. so, it's £2000 -£1063.40 = £936.60 / 4 = £234.15 ( so each persons worth £234.15) + £2000 each. so it means that each of them worth £2234.15.. I hope this helps.... :001_smile:

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