Allotment of new shares - paperwork

[northernladuk]

Put NLUK's quote in your signature and I'll rep you.

Bah, you guys are mean. +Ve sent as fair as fair.

[psychocandy]

Put NLUK's quote in your signature and I'll rep you.

Done.

[administrator]

Put NLUK's quote in your signature and I'll rep you.

WHS

[Wanderer]

Positive rep for me? :-)

Put NLUK's quote in your signature and I'll rep you.

[Fred Bloggs]

You can do it on line at the companies house website. Write minutes to record what you've done, send a copy to your accountant for the record. You don't need to issue 100 shares, just assign 1 share to the wife and 3 to you to get a 75:25% split.

[psychocandy]

Mmmphh mmmm oh no.. mmpmmff .. can't ... stop.. myself.. mmnmnmmp.... WHAT PSYCHOCANDY SAYS...

Goddamit...

Positive rep for me? :-)

[ASB]

Depends on when the company was formed, what's in the articles and some other stuff. If you want to do it alone then this might help: A Guide to Share Capital for a limited company from SFS

Alloting new share capital is different to changes to existing. Of course you could also potentially do a 100:1 split of the existing capital and then re-register some to wife; taking into due consideration any CGT implications, employment related securities implications, S660 implications etc. All of which will be dependant upon the individuals specific circumstances.

Or you could just ring the accountants.

[TheKing]

Sorry for the "noob" question... My accountant told me to complete SH01 and SH14 - "SH01 will increase the share capital in the business and SH14 helps us to redistribute."

After asking some more questions he then said "I have been reading further on this, ignore both the SH14 and SH02.

Just return the SH01, this will increase the share capital. Then when we file your annual return later in the year we will back date the allocation of the shares."

I was looking for some validation of this from the experts on here as the advice from my accountant seems pretty unconvincing.

Thanks

[SueEllen]

Mmmphh mmmm oh no.. mmpmmff .. can't ... stop.. myself.. mmnmnmmp.... WHAT PSYCHOCANDY SAYS...

Goddamit...

As northernladuk stated - WPS

[northernladuk]

Let your accountant do it all properly?

Mmmphh mmmm oh no.. mmpmmff .. can't ... stop.. myself.. mmnmnmmp.... WHAT PSYCHOCANDY SAYS...

Goddamit...

[psychocandy]

Let your accountant do it all properly?

[TheKing]

I was searching for an answer to this exact question - does anyone have an answer?

Thanks

tK

[alexm6810]

Anyone ?

[alexm6810]

When I set my company up it was with a single £1 share and one shareholder (me). As my wife now only works part time I want to give her a 25% shareholding so we can maximise her tax 'capacity'. To be able to do this I am planning to raise the shareholding to 100 shares and split them 75/25.

I know I have to complete a form SH01 to notify Companies House of the new shares but wondered if there was any other paperwork that I need to complete to keep everything in order. Should I produce company minutes agreeing to the new allotment of shares. Also, I plan to give them to my wife as a gift, how would I record this ?

If anyone else has been through this process and can give any advice on what they did I would appreciate it.