Recent content by CandC

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    Model articles and unpaid shares

    Thanks again, I will definitely be consulting with an accountant soon. Regarding the second question/answer, I was under the impression that the payment for shares could be in cash or in the form of a service (creating a software prototype in our case) I will have to check up on that as well...
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    Model articles and unpaid shares

    Hello Ozzy, thank you for the speedy reply. A quick related question if you might be so kind. Would the entry in the balance sheet for this kind of arrangement be listed as "called up share capital not paid" or would it be entered in somewhere else? It seems somewhat confusing as, depending on...
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    Urgent help - I've Made a Mistake

    Quick follow up question. If a company has never traded or had any kind of operations but it has issued/alloted new shares to a new shareholder (not one of the original subscribers) does Companies House consider that company to be "dormant" or does share allotment count as a "significant...
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    Ceasing to be a Director of Ltd – Indemnity and Director Loans

    If the SHA is silent on the matter, what are the responsibilities/duties on former directors to their former companies. Would it be considered a breach of fiduciary duty if a director resigned and immediately began working as a director (or employee) of a competitor?
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    How can I set my company dormant?

    Follow-up question not related to HMRC but rather Companies House. Does the allotment of new shares count as a "significant account transaction" for the purposes of dormant status in the eyes of Companies House? If yes, then can the company be deemed dormant the following financial year if no...
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    Model articles and unpaid shares

    Does this apply for non-employees such as directors as well? For example, if shares are allotted at incorporation and issued to directors for their know-how/efforts on behalf of the company.
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    Dormant accounts and paying for unpaid shares

    As others have pointed out, it seems that the Companies House and HMRC definitions are different.
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    Non-trading/dormant: share capital breakdown

    Quick related question, under the model articles, are subscriber shares considered unpaid if given in exchange for know-how/director work?
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