limited company accounts

shareholder loans

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the company has share capital of £100 and also large shareholder loans. Are these loans part of capital or just long term creditors ?

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By JCresswellTax
26th Oct 2016 14:11

£8,060

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Hitch photo
By Kevin Kavanagh
26th Oct 2016 14:11

They are certainly creditors - whether they are 'long term' or 'short term' depends on the terms of the agreement under which they were made available to the company.

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Man of Kent
By Kent accountant
26th Oct 2016 14:25

Shareholder loans or director loans?

Are you asking as the company owner/director/member of staff or as the company accountant.

If its the former, ask your accountant.

If its the latter, god help the company.

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