UK Acquisition Accounting Treatmant

Hi All

I'm due to join a company that has just been acquired through a management buy out and am required to post the necessary treatment of the new structure but I am unsure of the specifics. The situation is as follows:

Details prior to take over:

The company had less than 10 shareholders that all had outstanding loans that were to be repaid back by the company

A share capital and share premium account

The company was/is running at a loss which is reflected in the P&L reserve

Details post takeover:

A single shareholder has purchased the shares of the other shareholders at an agreed premium

The purchase has been funded by an external loan

A new holdings company is to be created, that owns 100% of the trading company

As I have never been involved in an acquisition before I would really appreciate some advice on how I treat the above, I'm unsure of the technical treatment of this acquisition/MBO, including goodwill calculations, reserve accounts to create/use for both the existing and the new holdings company, accounting standard to adhere to etc

Any advice is most greatly welcomed!!

Thanks in advance