A new client sole trader entered a lease for £25k with a Limited Company for a licenced bar. The lease expires in Oct 2020 and currently payments towards the £25k are made monthly. The client has sent me all his paperwork including the lease document, on checking the details of the Limited Company I've found it has been dissolved in Companies House by the Directors in June 2019 on a DS01. No accounts have been prepared since June 2017. The client took out lease in Oct 2017 and therefore there is no mention of the £25k in the accounts.
I've asked the client who they are paying and the answer was one of the Directors personally not the Company. My thinking is that the payments are now Bona Vacantia from June 2019 unless the Director purchased the lease from the Company. Prior to June 2019 there is potentially tax avoidence if payments have always been made to the Director. As there are no filed accounts after June 2017 it isn't possible to know this from Co House.
I'm not sure how to approach this and would appreciate any guidence. My initial thoughts are the client should approach the Director and ask if he has purchased the lease or one of his other companies own it now and get copies of the transfer as proof. Then get the lease document redone in the new lessors name and make sure future payments go to the correct place. If the lease hasn't been transferred and is still an asset of the limited company I'm stuck - do I report it to the Duchy of Lancaster send the details, advise the client not to make any further payments to the Ex Director and save the lease payments until this is resolved? The Dissolved Companies address is an accountants office but it would appear they no longer act for the Director.
Thank you for any guidence.