On-line filing/Share premium


A

AnthonyL

Last year after some help from here I filed my Ltd company accounts
on-line without too much problem.

This is really a micro company, just me now with wife as Company
Secretary.

The company has always had a share premium account since it started
trading. Last year this wasn't a problem. This year there is nowhere
to enter it.

Have the rules changed? Is there an easy way around it?

No shares have changed hands and there is nothing different to last
year.

TIA
 
P

Peter Saxton

Last year after some help from here I filed my Ltd company accounts
on-line without too much problem.

This is really a micro company, just me now with wife as Company
Secretary.

The company has always had a share premium account since it started
trading. Last year this wasn't a problem. This year there is nowhere
to enter it.

Have the rules changed? Is there an easy way around it?

No shares have changed hands and there is nothing different to last
year.

TIA
Why did it have a share premium account?
 
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A

AnthonyL

Why did it have a share premium account?
I started as a partnership. The partnership had assets. On starting
to trade as a ltd company we persuaded a few people to buy some of the
£1 shares. If I recall correctly the two partners' share value was
increased by the assets transferred (capital and tangible and possibly
even intangible eg intellectual property for software). This was
shown back in 1986 as the 'share premium' as opposed to 'fully paid
up'. The figure has been there ever since and has been included in
the annual return submission to Companies House.

Does this help?
 

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