Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

SQE 1 > BL Companies - Recordkeeping, filing and disclosure > Flashcards

BL Companies - Recordkeeping, filing and disclosure Flashcards

1
Q

What registers does the Companies Act 2006 require private companies to keep?

A
  1. Register of members
  2. Register of directors
  3. Register of secretaries
  4. Register of charges against companies assets
  5. Register of people with significant control
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

How long do the minutes need to be kept for shareholders to review?

A

10 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

How long must a directors service contract be kept?

A

1 year beyond each directors service

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

When must the annual confirmation statement be submitted to companies house?

A

Within 14 days of the end of the company’s review period.
(Annually from incorporation)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What must a company with share capital deliver in the annual confirmation statement?

A

Statement of capital - has there been any change

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

When must any charges against company’s assets be filed at Companies house?

A

within 21 days of creation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

When must private companies send copies of their accounts to Companies House?

A

No later than 9 months after relevant accounting reference period

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

When must public companies send copies of their accounts to Companies House?

A

No later than 6 months after the relevant accounting reference period

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What must small companies accounts contain?

A
  1. Balance sheet
  2. Statement of profit and loss
  3. Director approval
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What view must the accounts give?

A

True and fair view of the company for the financial year

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is a medium or large company

A

More than 50 employees or turnover of £10 million or more.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What must medium and large company accounts contain?

A
  1. Balance sheet
  2. Statement of profit and loss
  3. Auditor report
  4. Annual directors report (should there be a dividend declared)
  5. Strategic report (review on directors)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the filing requirements for the appointment of a director?

A

Internal: update register of directors and directors residential address

Companies house: File an appointment of director form within 14 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the filing requirements for the termination of a director?

A

Internal: update register of directors and directors residential address

Companies house: File a termination of appointment of director form within 14 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

When is a change of company address effective from?

A

When a change of registered office address form is filed at Companies House

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the requirements for changing registered address?

A

Internal: update company info

Companies house: change of registered office address form

17
Q

What are the filing requirements for change of accounting reference date?

A

File a change of accounting reference date form at Companies house

18
Q

What are the filing requirements for the allotment of new shares?

A

Internal: update register of members and new share certificate within 2 months

Companies house:
1. Ordinary resolution of directors allotting shares within 15 days

  1. Return of the allotment of shares form within 1 month
19
Q

What are the filing requirements for the transfer of shares?

A

Internal only: update register of members and issue new share certificate within 2 months

20
Q

What are the filing requirements for changing the articles?

A

Companies house: special resolution and new articles filed within 15 days

21
Q

When do all special resolutions need to be filed at Companies house?

A

within 15 days

22
Q

What are the filing requirements for reduction of share capital?

A

Special resolution and a statement of solvency within 15 days

23
Q

What are the filing requirements for changing the company’s name?

A

Companies house:
1. Special resolution
2. Change your company’s name form
3. Fee
Within 15 days

24
Q

What must a company disclose on its letterhead?

A
  1. Registered name
  2. Part of UK its registered in
  3. Registered number
  4. Registered office address

If including a director - all directors must be included

25
Q

What must a partnership disclose on its letterhead?

A
  1. Name of partnership
  2. Name of each member
  3. Partnerships business address
26
Q

What must a sole trader disclose on its letterhead?

A
  1. Business name
  2. Real name if different
  3. Business address

SQE 1 (24 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions