Correcting share details - Companies house
Antoinnette
Registered Posts: 118 Beyond epic contributor 🧙♂️
Hi there,
My friend has incorporated her business the DIY way before coming to me for help. She issued 100 £1 shares but has put down that its all paid for in cash. She also paid £100 into the bank to reflect this. The problem is that she had goodwill from being self employed and I have suggested she take advantage of this. I am going down the S162 route so part consideration for shares and the rest to Director's loan. Do I have to change the initial Statement of Capital at companies house to reflect the calculations I have made under S162? I have to at the very least state that it wasnt paid for in Cash. Is it possible to amend the original entries? Or do I have to issue some more ordinary shares at the date of incorporation and do it the right way with those. An added complication is that the company was incorporated in January. How would this affect things.
Thanks
My friend has incorporated her business the DIY way before coming to me for help. She issued 100 £1 shares but has put down that its all paid for in cash. She also paid £100 into the bank to reflect this. The problem is that she had goodwill from being self employed and I have suggested she take advantage of this. I am going down the S162 route so part consideration for shares and the rest to Director's loan. Do I have to change the initial Statement of Capital at companies house to reflect the calculations I have made under S162? I have to at the very least state that it wasnt paid for in Cash. Is it possible to amend the original entries? Or do I have to issue some more ordinary shares at the date of incorporation and do it the right way with those. An added complication is that the company was incorporated in January. How would this affect things.
Thanks
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership