Does authorised share capital still need to be disclosed in the accounts?

Does authorised share capital still need to be...

Didn't find your answer?

Is there still a requirement to disclose authorised share capital in statutory accounts?

I understand CA 2006 removed the concept of authorised share capital. But not sure if this only applies to companies that incorporate once CA 2006 began to apply.

I've looked at a few plc 2009 YE accounts and they have not disclosed this. But those will be IFRS accounts whereas I'll be preparing UK GAAP accounts. Although I guess this is CA issue rather than a GAAP issue.

Replies (6)

Please login or register to join the discussion.

avatar
By Nigel Hughes
06th Nov 2009 18:06

No disclosure of authorised share capital

You are right that CA 2006 has abolished the concept of authorised share capital, which makes it pretty hard to disclose!

The detailed disclosure requirements are now contained in Regulations:

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 SI 2008/410 and

 

 

The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 SI 2008/409

Both available for free download from the HMSO website and are effective for all accounting periods beginning on or after 6 April 2008. Neither contains any reference to authorised share capital.

Thanks (0)
Replying to slipknot08:
avatar
By joe8
20th Dec 2012 16:44

?

Nigel, when you say "hard to disclose", do you means they still exist in reality?

What if the company never changes its articles (for old companies before 2008)?

 or what if the company is a subsidiary of a plc?

Thanks (0)
avatar
By songb1rd
06th Nov 2009 18:51

Clarity and transparency. No, sorry, "an easy life"

Hello Nigel

Thanks re "Both available for free download from the HMSO website"  What's the link, please?

Thanks (0)
avatar
By 3569787
03rd May 2016 19:23

HMRC search does not show up these in its results

Thanks (0)
David Winch
By David Winch
07th Nov 2009 18:39

Links

The Regulations in relation to large and medium sized companies are at

http://www.opsi.gov.uk/si/si2008/uksi_20080410_en_1

those for small companies are at

http://www.opsi.gov.uk/si/si2008/uksi_20080409_en_1

 

The "HMSO", Her Majesty's Stationery Office, to which the earlier poster Nigel Hughes referred has in recent years been OPSI, the Office of Public Sector Information.  The Regulations are on the OPSI website (not HMRC).

David

Thanks (0)
avatar
By User deleted
08th Nov 2009 14:45

Format of Accounts

David

Many thanks for the link.

Thanks (0)