Do you have to disclose shares held in treasury?

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A company client bought back some Ordinary shares which were held in Treasury, do you need to disclose this on the Accounts to Companies House?

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By johngroganjga
04th Jun 2020 12:53

Where are the treasury shares shown in the accounts?

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Replying to johngroganjga:
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By Simpleaccounts26
04th Jun 2020 12:59

It was all the Ordinary A shares that were bought back and held in treasury. So they are still in the alloted share capital figures. Do i need to disclose that these are now held in treasury?

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Replying to Simpleaccounts26:
By johngroganjga
04th Jun 2020 13:09

That does not answer the question. Let me put it another way. Where in the accounts does the sum paid to acquire the treasury shares appear?

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By Simpleaccounts26
04th Jun 2020 13:53

The money went through P&L

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By johngroganjga
04th Jun 2020 14:40

Oh dear. You had better hand this over to someone who knows what they are doing.

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Replying to johngroganjga:
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By paulwakefield1
05th Jun 2020 08:43

It might be loose wording and mean the P&L Reserve.

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By johngroganjga
05th Jun 2020 09:55

That would be wrong too.

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By paulwakefield1
05th Jun 2020 10:30

Why? (Genuine question)

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By johngroganjga
05th Jun 2020 10:48

FRS 102 at 22.16 says

"An entity shall deduct from equity the fair value of the consideration given for the treasury shares".

That's deduct from equity, not deduct in arriving at equity. In other words it has to be a separate debit in the bottom half of the balance sheet.

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Replying to Cheshire:
By ireallyshouldknowthisbut
04th Jun 2020 14:22

Quite.

I think the OP doesn't know enough to understand the answers given.

Tip: if you dont have a clue what you are doing, decline the appointment.

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