Webfiling accounts for dormant company - fixed assets?

Webfiling accounts for dormant company - fixed...

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I'm the director of a dormant company that exists to own the freehold of a property for the 4 flat owners (I'm one of them).

For years, I've been filing dormant accounts on paper that include a line for Fixed Assets and a balancing line for Liability. The net assets are basically £8 of paid up shares.

I'm trying to do this online this year, but the dormant account webfiling system doesn't have a way of showing the fixed assets and liabilities. I have phoned Companies House who say that there's no need to put this in the accounts.

However, this worries me - how is the freehold ownership recorded if it's not in the accounts? I totally realise this might be a very stupid question, and it's likely that Companies House is correct. I just want to be sure. 

Thanks.

Dan

Replies (8)

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By petersaxton
09th Aug 2012 16:04

Companies House are wrong

I think they are getting confused with the monies held on trust rule.

Why can't you include the fixed assets and liabilities?

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Replying to anneaccountant:
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By urbanjunkie
09th Aug 2012 17:32

Because there's literally nowhere in the online form to record it. All it has are lines for share capital and net assets. 

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By Chris Smail
09th Aug 2012 16:46

You cannot use DCA

File using the abbreviated template

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Replying to cheekychappy:
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By urbanjunkie
09th Aug 2012 17:37

Chris,

Thanks for the answer. I just want to make sure I understand.

We've been filing dormant company accounts for more than a decade, using language like: 'abbreviated form for small dormant company',  and a bunch of boilerplate text at the bottom about being exempt under the Companies Act. etc. 

Are you saying that we can't do this online, but have to continue to file on paper?

Thanks again for the help

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By urbanjunkie
09th Aug 2012 17:45

Ok, i think I've got it - adding this reply just in case it's useful to someone else.

I've downloaded the PDF template for abbreviated accounts, and there's a lot of stuff (like company name, etc) already filled in. This is basically the same as the paper form and I can submit it online.

Thanks!

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Replying to Kim Jong Un's Hair:
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By TheDirector
02nd Jun 2014 19:44

Fixed Assets

Hi Urban,

I found your post while looking for an answer to my question. We are in the same position as you. We created a company in order to acquire the freehold from the Council, only this is the third time we are filling in these forms. I found the same pdf as you and I almost finished it, but I still have one question: What are we supposed to write in the Fixed Assets tangible area? My belief is that this section should remain blank because although the company owns the freehold, (and I guess that means the land and the block of  4 flats because the company sets the years of lease), these fixed assets are not profit making. However, I would appreciate your feedback on how you are completing this area of the form.

Thank you in advance.

 

 

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By The Limey
10th Aug 2012 13:03

OK, I'm interested by this one...

 

Who is the liability to?

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By petersaxton
10th Aug 2012 13:27

Leaseholders?

My guess is the leaseholders when they put the money up to buy the freehold.

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