Member Since: 14th Mar 2013
24th May 2020
I am looking for example financial statements of a company, with Non-current investment (a controlling interest re 80% shareholding in another entity), held with a view of resale within 12 months (claiming consolidation exemption under FRS102 section 9.9(b)).
I need to have some disclosure guideline for the accounts, that I am reviewing at present.
Your help will be much appreciated.
14th Mar 2013
I have two associated companies B Ltd and C Ltd under one holding - A (Holdings) Ltd. The Holding Co is dormant but is a 100% shareholder in both associated companies. I as director, hold 100% shares in the Holding Co, but none in either associated companies. For loan purposes, I personally have been requested by the bank to acquire 80% of shareholding in B Ltd. What can be the tax implications for both company and personal tax affairs for this share restructuring.
Please could you also confirm whether the two companies will still remain associated assuming that the Holding Co only would be left with 20% of shareholding in one of the companies.