Ok let me start by saying this is a dodgy question,
i am interested in getting a mortgage, and only have close to one year of Ltd company accounts. I have only worked about 6 months within this period but currently working now.
I only have about £7k in the business account, and my current gig pays £360/day.
I am thinking that it would be impossible to get a mortgage via contractmoney for instance even with that amount in the account or lack of business transactions for about 5 months.
My query is can I raised a ficticious invoice of say about £10,000 which will off course i will get the money paid into my business account. and then when I have submitted my accounts, I can always reverse the entries as if it was payment for work to be done but refunded back due to not beign able to do it.
I am not VAT registered, so no worries with VAT man.
Is this purely and simply wrong and could lead to potential problems later on.
I just want to get on the property ladder !
Please bear in mind that I am quite ok meeting repayments cos i do other things other than my programming job which gets me some money (Shares, Futures ...) as well
Gizza
i am interested in getting a mortgage, and only have close to one year of Ltd company accounts. I have only worked about 6 months within this period but currently working now.
I only have about £7k in the business account, and my current gig pays £360/day.
I am thinking that it would be impossible to get a mortgage via contractmoney for instance even with that amount in the account or lack of business transactions for about 5 months.
My query is can I raised a ficticious invoice of say about £10,000 which will off course i will get the money paid into my business account. and then when I have submitted my accounts, I can always reverse the entries as if it was payment for work to be done but refunded back due to not beign able to do it.
I am not VAT registered, so no worries with VAT man.
Is this purely and simply wrong and could lead to potential problems later on.
I just want to get on the property ladder !
Please bear in mind that I am quite ok meeting repayments cos i do other things other than my programming job which gets me some money (Shares, Futures ...) as well
Gizza
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