Share Capital in a new company

We have a small limited company that started this year and I am trying to pull together the YE stats. It turns out that although 600 shares issued (split between 2 directors) no funds changed hands so not paid up. Should I journal all 600 to directors loans (then negative) or what is the minimum I need to account for in accounts? Please help. 

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Book to directors loan account

charlb |

but is it a director's liability?

Hansa |
Hansa's picture

The minimum amount of paid up share capital...

Steve Kesby |
Steve Kesby's picture

Correct!

liam@adplus |

Thanks

Glasgow Girl |

Shares Unpaid

Glasgow Girl |

Disclosure?

charlb |

Substance v Form

Steve Kesby |
Steve Kesby's picture

Can I just clarify my understanding too then?

Anthony.Evans82 |
Anthony.Evans82's picture

CH New Abbreviated System

Gone Sailing |