I have a client Limited company that has a very small number of transactions each year (less then £2,000 turnover).
The company was run by 4 directors until the very last day of the accounts now being filed. The company bought back the shares of 2 of the directors leaving only 2 in the company (in reality, the directors decided to split every thing 50/50 with the remaining directors keeping the company and half the bank account which is a massive £350!)
Do I need to make any disclosure regarding this in the accounts or is it sufficient to just say that the relevant directors resigned on the relevant date?
(company qualifies for ful SME stat accounts)
Thanks
