Non trading loan relationship

UK company has issued € share capital however the accounts are prepared in GBP. Is it right that the share capital value shown by the balance sheet is at the historic rate and the unpaid € amount (holding company debtor) is shown at the balance sheet rate with any fx differences being a non-trading loan relationship? 

Many thanks for confirmation.

Comments
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Is the shares equity or debt?

The Limey |

Hi, thanks for your response.

charlb |

Can't help you on the tax

The Limey |

Thanks Limey - yes share

charlb |

Stated as paid? Gulp. That

The Limey |