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Help with Ltd Company question


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Not sure if anyone will know, or if this is the right forum, or even if it is right to put it on this site.

 

Scenario.

 

Ltd company is incorporated with assets of £15. that £15 is used to incorporate the company with companies house (the incorporation fee)

Now that company is £15 in debt.

 

The company fails to trade for the first year and thus has £0.00 turnover.

 

How can a company be expected to file annual returns which incur a fee from companies house if the company has no money as is in debt and is not trading

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A limited company is a seperate legal entity, ie it exists from incorporation. Given that it exists it needs to be accounted for. The company, or its accountants/company secretary need to inform Companies House, and submit a nil return or domant accounts. The alternative is fines/penalties and possibly the company being struck off.

In England advise is a verb (a doing word) advise/advising/advised, advice is a noun. I might ask for advice or give advice.

 

The same with license (verb) license/licensing/licensed, but one would have a driving licence (noun).

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