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Liquidating Ltd under 25k assets

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    Liquidating Ltd under 25k assets

    Apologies if this has been previously answered.

    Assts of only 22k or so. No debts or responsibilities to creditors, no trading in the past FY and just wanting to strike off the Ltd.

    Has anyone done this and what was the best way to extract the remaining sums before the strike end-date?

    Thank you very much for your thoughts.

    #2
    Originally posted by GalContractor2873 View Post
    Apologies if this has been previously answered.

    Assts of only 22k or so. No debts or responsibilities to creditors, no trading in the past FY and just wanting to strike off the Ltd.

    Has anyone done this and what was the best way to extract the remaining sums before the strike end-date?

    Thank you very much for your thoughts.
    apply for as strike off as per below.

    Closing a limited company - GOV.UK

    It tells you what to do, and when, and who to tell.
    See You Next Tuesday

    Comment


      #3
      Originally posted by GalContractor2873 View Post
      Has anyone done this .
      Many people have.
      Liquidating Ltd under 25k assets site:contractoruk.com/forums - Google Search
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        Obvious answer...but discuss with your accountant. They'll be best placed to advise what to do when to ensure a smooth process.

        If you're DIYing it, ensure all taxes are settled, and critically that you take the final funds out before completing the strike off!

        Comment


          #5
          Originally posted by Maslins View Post
          Obvious answer...but discuss with your accountant. They'll be best placed to advise what to do when to ensure a smooth process.

          If you're DIYing it, ensure all taxes are settled, and critically that you take the final funds out before completing the strike off!
          Yes, the bit in red is essential - there's been tales of people realising too late that anything left becomes HMT property.

          Comment


            #6
            Yep - research Bona Vacantia before doing anything you may later regret.

            Bona Vacantia - GOV.UK
            "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
            - Voltaire/Benjamin Franklin/Anne Frank...

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