Help with This Dormant account Return!

Kaybenson

Hi,

I have an operating company which is dormant. Every year, i filed returns and account.

I am having difficulty filling the account.

Share value is 1
Shares 1
Share class is Ord

Share is 1.

There is questions such as 'Cash at bank' etc

Anyone knows how to complete this?

Cheers

bengalknights

I usually put in 0 and then it completes with sum of 1 overall

Aquamania

Kaybenson wrote: »

Hi,

I have an operating company which is dormant. Every year, i filed returns and account.

I am having difficulty filling the account.

Share value is 1
Shares 1
Share class is Ord

Share is 1.

There is questions such as 'Cash at bank' etc

Anyone knows how to complete this?

Cheers

The question is exactly what it asks - how much money does the company have in the bank (and in hand - as that is the full question)

Assuming the company has never traded, then you may not even have a bank account for it.

However you should put the value as £1 (assuming the share is fully paid up) so that the balance sheet balances.
If not, then the question will arise as to what has happened to the £1 you (theoretically) invested in the company when you set it up.

antrobus

Kaybenson wrote: »

....There is questions such as 'Cash at bank' etc

Anyone knows how to complete this?
...

Yes.:)

The question is 'Cash at bank and in hand'. You put the figure 1 in that box, so your balance sheet balances.

That £1 coin you have in your pocket? That's the company's £1. Or any spare change you have got that adds up to a quid, for that matter. Got that?:)

No one is ever going to ask you for that pound, so it does not signify.

daniel2011help

Hi, I have also set up a limited company that has not started trading yet, originally set up with 1 ordinary share issued at £1, do the following values look correct?

Current assets:
Cash at bank and in hand 1
Net assets 1
Issued share capital 1
Ordinary Share of £1 each 1
Total Shareholder funds 1

Many thanks in advance

nrd320

Yes £1

You of cause would need to pay back the £1 should the company fail, which if dormant it cant in theory.