Annual return error

Annual return error

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My client completed the annual return for his Ltd Co and has managed to complete the amount paid per share box and the amount unpaid per share box with £1.Does this matter?  The shares are 100 x £0.01.  Will this affect the dormant accounts I'm about to file?

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By Mark Three
14th Nov 2013 13:34

file again

If the annual return is wrong, it may be best to submit another.

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Euan's picture
By Euan MacLennan
14th Nov 2013 13:50

It depends on the question

If it is "Can I correct this (the annual return)?", the answer is technically No, but as Mark says, you can file another return now showing the correct share capital.  Future annual returns will then be due on this date, not on the anniversary of incorporation of the company.

If the question is "Will this affect the dormant accounts I'm about to file?", the answer is also No.  Companies House do little enough to check accounts submitted to them, let alone cross-checking with the Annual Return.

However, I would add that it is unusual for anyone to form a company with subscriber shares of 1p each, rather than £1.  Are you sure that this is what it says in the Mem & Arts?  Perhaps, it was £1 shares, so the client may have been right in entering 1 in the amount paid per share box.

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