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Companies House accepting rubbish

Companies House accepting rubbish - repeated!

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There's a company that was formed in 2008 and according to the annual return the shares issued were 1,000 at £0.001 each.

The accounts for every year have a different number and amount for shares each year. I think the owner has just cobbled together any old rubbish to save money by doing it himself. I do note from here that Companies House are very hot on picking up slight name change differences. Is this an example of what Companies House think is important. They can send company information on request pretty quickly but they don't seem to be bothered about comparing the accounts to the company information on record.

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12th Jun 2016 17:26

I stopped bothering submitting accounts from my software now.

I just use CH software. They tell me the name and number and do all the declarations at the foot of the balance sheet. I just type in a few numbers. They're checked before I send them for formatting, name and year end etc etc. They'll never be rejected.

It's a five minute job - well worth it for peace of mind.

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to lionofludesch
13th Jun 2016 09:21

I suspect that the director has just calculated assets and put in the share capital as a balancing figure. I'm sure you don't do that.

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to petersaxton
13th Jun 2016 09:25

petersaxton wrote:

I suspect that the director has just calculated assets and put in the share capital as a balancing figure. I'm sure you don't do that.


It must be right, I see it all the time on accounts for sole traders & partnerships ;)
RM
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to petersaxton
13th Jun 2016 09:31

petersaxton wrote:

I suspect that the director has just calculated assets and put in the share capital as a balancing figure. I'm sure you don't do that.

Thank you for your confidence, Peter. However, if you submit micro accounts you don't have to bother with that tedious nonsense about splitting out share capital and the profit and loss account.

Perhaps all this dumbing down is so that MPs can understand it.

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14th Jun 2016 05:03

I got a response from Companies House:

"Dear Mr Saxton

Thank you for your recent enquiry.

The primary function of Companies House is that of a Registry; documents are received in good faith. Companies House advisors and examiners are not accountants. Accounts are processed subject to examination policy checks, in accordance with placing them onto the public record. When Companies House examines accounts it only make basic checks on them, for example to ensure that the appropriate documents are there, that they are for the correct financial year and that they have been signed.

There is no requirement under the Companies Act for us to check if the share capital figures in the accounts and Annual Return tally.

All companies are required to make their own registers available for public inspection. However, anyone wishing to inspect the records must give the company 2 workings days' written notice of the date they wish to inspect. In the case of the inspection of the register of members the company must, within 5 working days, comply with the request or, apply to the court if it thinks the request is not being made for proper purpose. Further information on the rights to inspect the register of members is in section 116 of the Companies Act 2006; see also sections 117, 118, and 119.

You could, therefore contact the company directly, with regard to clarifying share ownership.

It is also suggested that you seek more specialized legal advice in this matter. "

My response is below:

"So let me get this right:

“You are quite happy to accept any rubbish and even when it’s pointed out to you the information is incorrect you don’t care.”

Please confirm that my understanding is correct."

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