Business inactive - is this all I need to do? (HMRC)

Ollie90

Hi,

I own a limited company that I used to rent out a property. This property was sold in October 2022 and has not traded since, had any activity whatsoever, and all filing is up to date.

Although I am not currently interested in purchasing another property, I would ideally like to keep the company, just incase this changes.

Am I right in assuming that I need to complete the following:

• File the company as dormant?
• Complete a confirmation statement?
• Complete annual accounts?

If so, how easy would this be, and what kind of costs would I be looking at?

I do have an account, but they have quoted over £500.00 for this work to be done which I think is very expensive considering there are twelve months of company bank statements with zero activity across.

Thanks in advance.

daveyjp

The only cost if you DIY is the Companies House dormant filing fee - £13.  Its 5 minutes work.