Hi
Directors husband has been paying for company assets and has a few leases and HP's in his name as finance company wouldn't lend to the company.
Does a related party disclosure note need to be included in accounts. And should I mention leases being in his name?
What should I write in the "description of relationship" for the note? Husband of director?
Any thoughts appreciated.
Replies (3)
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You haven't told us whether the director in question has any shareholding in the company, but if she has, and if it is a significant one, then yes of course her husband comes within the definition you highlight.