9. Companies: Recordkeeping, Filing, and Disclosure Flashcards

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1
Q

A private company is required to keep a register of what four groups and what one thing?

A
  1. Members
  2. Directors
  3. Secretaries
  4. People with significant control
  5. Charges against the company’s assets
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2
Q

Where are the registers required to be kept, to be inspected by whom?

A

At the company’s registered address, to be inspected by members for free and the public for a fee

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3
Q

Which registers can the company elect to keep at Companies House?

A

Registers of directors and members

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4
Q

For how long must the minutes of shareholders’ meetings at least be kept stored?

A

At least 10 years.

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5
Q

What is a confirmation statement and is it always required?

A

An annual update from the company confirming that the information held by Companies House is up to date, and must be filed even if there have not been any changes

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6
Q

What must a company with share capital deliver with their confirmation statement?

A

A statement of capital if there has been a change since the last confirmation statement

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7
Q

Within what period of the end of the company’s accounting period must a confirmation statement be filed, failure to do so is a criminal offence?

A

14 days

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8
Q

Within what period from the end of the accounting period must (1) a private company and (2) a public company file their accounts?

A

Private company: Nine months
Public company: Six months

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9
Q

What two things must be included in the accounts, and what view must they give?

A
  1. Balance sheets on the last day of the accounting period
  2. Statement of profit and losses

Must give a true and fair view of the company.

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10
Q

Who must approve that the accounts reach this standard?

A

The directors

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11
Q

What type of companies must file an annual directors report?

A

Medium and large companies, i.e. companies with more than 50 employees or turnover of £10 million or more

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12
Q

What type of companies must file a strategic report, and what is the purpose of this?

A

Medium and large companies. Strategic report helps members assess how the directors have promoted the success of the company.

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13
Q

Concerning a director/officer, what two things must be reported to Companies House within 14 days?

A
  1. Appointment or termination
  2. Change in residential address
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14
Q

Within what time period must special resolutions (including to reduce share capital), as well as ordinary resolutions to allot new shares be filed with Companies House?

A

15 days

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15
Q

Where a special resolution to reduce share capital is filed with Companies House, what must accompany it?

A

A statement of solvency

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16
Q

Within what time period of the issuance of new shares must Companies House be notified?

A

One month

17
Q

When is a change of company’s registered office effective?

A

When it is filed with Companies House

18
Q

What four things must a company disclose on its letterhead?

A
  1. Registered name
  2. Part of the UK it is registered
  3. Company number
  4. Registered office address
19
Q

What must a company do if it displays the name of one director on its letterhead?

A

Display the name of all of them

20
Q

What three things must a partnership display on its letterhead?

A
  1. Name of the partnership
  2. Name of each member
  3. Business address
21
Q

Following the appointment of a director what must be filed at Companies House within 14 days?

A

The Appointment of Director form must be filed at Companies House within 14 days.