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Shares in $ but Accounts in £

spurschic1@yahoo.com[email protected] Feels At HomeRegistered Posts: 94
Hi All,

I am completing a set of accounts in GBP but the shares are in USD.

Do I have to show the share capital/alloted and issued in GBP and if so how does it work the following year with exchange rate differences?

Thanks in advance
Vicky

Comments

  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    Why are the shares in USD?

    I'd be inclined to value the shares at their GBP value at the date of acquisition and make any adjustments on sale.

    That's a guess. I haven't got a clue if it's right or not!!
  • spurschic1@yahoo.com[email protected] Feels At Home Registered Posts: 94
    Thanks for your help, the shares are in $ as it's a company in the seychelles

    :-)
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