UK obsolete share capital

Joined
Mar 12, 2013
Messages
1
Reaction score
0
I am preparing the accounts for a small community club who are just about making a profit which is ploughed back into the business. Everything is run by the members and no one is paid. Everything is straight forward except for Share Capital and Reserves on the balance sheet which includes Called Up share capital, general reserve, forfeited shares and refurbishment reserve amounting to about £3000. Looking back at previous accounts this has been included on the balance sheet for at least the last 20 years but we do not now issue shares and we have no general or refurbishment reserves. How do I remove this from the balance sheet. Any help would be appreciated.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,631
Messages
27,576
Members
21,375
Latest member
dataanalyticscoursesegypt

Latest Threads

Top