I am a director in a Ltd company which will cease trading in the next few months as it has turned out to be a non-viable enterprise (making a loss). At the outset we initiated the company with 100 called up shares. When I close the company with HMRC and Companies House (having made a loss again this tax year) and divide the cash and remaining stock between myself and my fellow director, do we have to pay anybody for these shares i.e. HMRC / Companies House? Or, as they show as, hyperthetically, reducing the total of our loss on the balance sheet, do we just forget about them when it comes to dividing up the assets between us?
Thanks
Thanks