Dormant company accounts

Dormant company accounts

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I am aware that a dormant company whose only transaction since incorporation has been the issue of subscriber shares (and which is not a subsidiary) may satisfy its filing obligations with Companies House by completing and filing from AA02 - Dormant company accounts (DCA). However does this type of company still have to prepare accounts for the members? The form AA02 at the last point in the Guidance in section 6 seems to imply this?

This guidance only advises on the preparation of abbreviated dormant accounts which can be filed at Companies House. It does not advise on the preparation of full accounts for the members.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/fil...

Does anyone bother?

Presumably a company which does not qualify to file form AA02 should produce full accounts and then can file abbreviated accounts with Companies House (or should use the micro entity regime)? Again - does anyone bother?

Incidentally I think it is important that Companies House are notified on the annual return that the company is dormant by using the correct SIC code. For dormant companies this should be 99999 and for non-trading companies 74990.

Thanks

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By Joe Soap
13th Jan 2016 20:14

what would be different?

What would there be in full accounts that was not in the DCA if the company had done nothing?

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By thevaliant
14th Jan 2016 11:35

The Full accounts, even for a dormant company, will be different from form AA02. They should have a directors report, controlling party note, statement that there is no profit/loss for the year and accounting policy notes (which may be very brief).

Would I produce them? Yes, but only because the software forces me too!

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RLI
By lionofludesch
14th Jan 2016 11:41

Different

Yes - they're a bit different and, in strictness, should be produced.

In practice, is anyone going to complain ?

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