By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts
Essential
These cookies enable our website and App to remember things such as your region or country, language, accessibility options and your preferences and settings.
Analytics
Analytic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Marketing
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
@NicoJ I think you’re confusing nominal value of issued share capital with the economic value of the company. (The latter being what HMRC cares about)
The whole point of *nominal* share value is that it has precious little to do with the economic value of the share - indeed, increasing the economic value above the nominal value is what investing in a share is all about.
The only reason nominal value is important is for conservation of the capital available to creditors. Run the example again for an unlimited company (which can issue fractional shares without a nominal value, because creditors have access to shareholders’ personal assets) and you’ll see why what @Joyous says makes sense
I was genuinely interested in something that I was unaware of. I'm sorry if my comments came across badly, I just don't understand this at all. If I don't understand, as someone who has a least a little knowledge on accounts then potentially I'm not alone.
Never mind. As ever the advice to seek professional advice outside of the forum is the best option for the OP.