I have a flat management company that is limited by guarantee. These would be my first set of accounts of this type of company.
About from the ownership is there anything else that is different? Can anyone provide a link to a template for these accounts? I use VT Final Accounts.
Thanks
Replies (4)
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Same as a normal ltd company
Use the VT small company template, but don't enter any share capital.
Add a new note to say the company is limited by guarantee and accordingly has no share capital. Then say what the guarantee is (usually members contributing £1/£10 etc) in the event of the company being wound up.
Job done!
This might help
Article on Aweb not so long ago:
https://www.accountingweb.co.uk/article/companies-limited-guarantee-get-it-right/517844