US parent want to close its UK subsidiary. UK company is three years old and never traded Share capital is unpaid and only costs have been my accountancy fees
Is it just a case of DS01 (and £10) or is there any other formalities required like minutes etc
Replies (4)
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Yes.
Technically, the Queen can claim that unpaid share capital but the tradition is that you only have to pay her if she pops round to collect it. Even then, you can't pay her cash as she doesn't carry any.
Whilst it may be shown on the balance sheet, the Queen can only have it if it is actually a debt, which it will not be unless the unpaid share capital has been called up; an action that can only be carried out by the directors, who will have automatically ceased to be directors when the company was dissolved.
There must be a creditor - whoever has paid the accountancy fees. But presumably that is the holding company. If so, yes DS01 and £10 is the way to go.