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Why reinstate my company when Unvoluntary Dissolved?

Can anyone tell me ;
My Ltd was striken off as result of a combination of an adress change which was not entered by comp house, and my lack of follow this up by checking , and late filing of annual returns by lack of urgency by accountants.
Situation now; my profitable company with sufficient financial assets (which have since been "parked" elswhere) could be restored at cost of 2k, but what are implication if dont re-instate and start new one?
What happens with the Tax implication of disolved company, and director liabillity?
Am NOT trading now, but will be in few months again.
Have NO creditors other than Inland Revenue (coorporation tax.)
Btw am not trying to duck the TAX, but need to understand my position better in this case.


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By Anonymous
24th Jun 2009 19:00

Bona vacantia
If a company is struck off then its assets go to the Crown - this is called bona vacantia.
See here:
I would suggest that if the company had any assets you get it reinstated. I am not sure what you mean when you say you have "parked" them elsewhere. The company's assets belong to the company, not to you.

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By Anonymous
26th Jun 2009 09:15

Tax position?
What would be the position if the company had been struck off by Cos House through inaction by the directors to file anything, but income had arose during APs for which no accounts or CT600s had been filed?

Is there still a potential liability on the directors for CTax, late CT600 penalties, etc?

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By Anonymous
26th Jun 2009 10:50

They can
apply to reinstate the company, or maybe seek the money from you personally, or they might decide to have a go at assessing you rather than the company if they can find any evidence that the company was just an agent or nominee. Depends how much is involved.

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