Filing Confirmation Statement

**cojak** · 2 July 2017, 21:08

You've issued 1 million shares??

I guess you mean 10 thousand shares, but even that makes no sense.

**northernladuk** · 2 July 2017, 21:30

I think you need an accountant and quickly. Changing your setup too many times can attract unwanted attention as well I believe so go get some professional advice.

**Chart Accountancy** · 3 July 2017, 18:39

Guy

Originally posted by hmanne View Post

Hello All,

I need advice on filing confirmation statement.
Can you please tell me if I can change/Amend the capital.

While registering we have mentioned the capital as £10,000

Total number of shares issued 1000000
Total aggregate value of shares issued 10000

However we cannot show our accounts for £10,000 as we have not done much trading.

So can I change the share value and capital value while filing the confirmation statement by reducing my capital and share value to £1000

Also what is the amount I have to mention in

Total aggregate amount unpaid

Please suggest me

Thanks in Advance

You can reduce the shares but you need to file a solvency statement. If at the end of the year or within 9 months, you haven't paid the share capital money to the company, this will be classed as a related party loan and this will be taxable under s455 @32.5%, I have the loan issue covered in my recent blog here: w ww.chartaccountancy.com/blog

If you want to avoid the extra tax, you should act to update your shares to the level that you can afford to pay but most companies simply set up with £1/£100 share capital

**dotcom12** · 3 July 2017, 20:34

sounds complicated, might be with striking the company off and setting up a new one

**Chart Accountancy** · 4 July 2017, 06:32

Originally posted by dotcom12 View Post

sounds complicated, might be with striking the company off and setting up a new one

It is not complicated at all, it is just a formality to have the correct forms filed.

**BrilloPad** · 4 July 2017, 08:23

Originally posted by northernladuk View Post

I think you need an accountant and quickly. Changing your setup too many times can attract unwanted attention as well I believe so go get some professional advice.

+1000

I highly recommend QDOS.

**Chart Accountancy** · 4 July 2017, 10:07

Though, the OP has not asked for accountant recommendation. The firm you are advertising will be costly and the OP has indicated that his company has done very little trading. As I said above, it is nothing complex to make changes to shares. It is all explained on Companies House website. If the OP was to engage an accountant on a full package, company secretarial is included by most firms. I recently had to do shares reduction for two clients who have similarly incorporated with high value shares, it is a straightforward change.

Filing Confirmation Statement