Seeking Advice on Obligations Following Compulsory Dissolution of Non-Trading LTD Company

[ayka]

Hi,

I am seeking professional advice regarding a limited company I established in February 2021. The company never traded, did not have a bank account, and had no assets. Unfortunately, I failed to submit the confirmation statement to Companies House, and as a result, the company was compulsorily dissolved in September 2022.

Given these circumstances, I am unsure of my obligations concerning any potential taxes or penalties. Specifically, I would like to understand the following:

1. Outstanding Penalties: Are there any penalties or late fees associated with the failure to file the confirmation statement that I need to address?
2. Corporation Tax: Since the company never traded, is there any Corporation Tax or related obligations that I should be aware of?
3. HMRC Notifications: Do I need to inform HMRC about the company's dissolution and its non-trading status to ensure all records are correctly updated? What happens if the records are not updated? Could this result in any potential criminal liability?

I would appreciate your guidance on these matters to ensure everything is in order and to avoid any future complications.

 

[ChrisCallaghan]

In very short summary, it is gone and you need to do nothing further. Any fines are now unenforceable and there is no requirement to file CT returns. If HMRC have issue with this, they can reinstate your company, however this is incredibly rare.