Non trading loan relationship

Posted by charlb PM | on Mon, 26/11/2012 - 14:20 375 5 comments | report

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 | Mon, 26/11/2012 - 16:21

Hi, thanks for your response.

charlb | Tue, 27/11/2012 - 09:13

Can't help you on the tax

The Limey | Tue, 27/11/2012 - 10:27

Thanks Limey - yes share

charlb | Wed, 28/11/2012 - 09:07

Stated as paid? Gulp. That

The Limey | Wed, 28/11/2012 - 09:59