Reconciliation of equity on transition to FRS1021A

Company with no pre-comparative year

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Hi all

I'm starting to get to grips with the transition to FRS 1021a. We use Iris which has been ok so far. 

However i am now working on a company with no pre-comparative year (company was incorporated on 1st Jan 2015) and i am still being asked to complete the opening position as at 1st Jan 2015 or i get an error message. At that date there was nothing to report, no share capital as company is limited by guarantee. (ive also tried entering zeros in the boxes but that doesnt help).

Iris have informed me that in these circumstances i do not need to have the reconciliation of equity at all but i would have expected to have to show the comparative year reconciliation. I do wonder if it's an issue with the Iris software

I have looked around for confirmation of this but havent found anything as yet. 

Has anyone come across this situation or can point me to the relevant section in the standards that would confirm Iris' position?

Many thanks

Dan 

 

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