One of the shareholder currently holding 33 shares of £10 each paid initially £50,000 cash injection which means that his share capital value will be as follows:
Share capital 33 [email protected] £33 each = £330
The balance of £49,670 will be share premium.
Later on he gives further cash of £50,000 to the business for alterations to the property. Do we need to issue further shares to support the £50,000 injection of we can declare £50,000 as share premium for the share he is already holding.