Can anyone help with sample accounts for a small Company Limited by Guarantee?
Limited by Guarantee
We are preparing the first balance sheet for a company limited by guarantee created purely for the members ownership of the freehold (block of flats), another organisation manages the site and the
On reading AccountingWEB’s Any Answers it would appear that not many accountants have come across ‘Companies Limited by Guarantee’ (CLG) in their working life, explains Jennifer Adams.
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This may seem ignorant but I'm unfamiliar with Companies Limited by Guarantee and am unclear about how profits are extracted as I thought these were mainly used as vehicles for not for profit organ
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