Business Law and Practice - Recordkeeping, Filing and Disclosure

Question 1

Registers to be Kept

Answer 1

• Directors
• Members
• Secretaries
• Persons with Significant Control
• Charges

Question 2

Record of Accounts

Answer 2

To be filed annually

Private companies: can be filed up to 9 months after relevant accounting period

Public companies: can be filed up to 6 months after relevant accounting period

Question 3

Annual confirmation statement

Answer 3

Confirms that information held by Companies House is up to date

If there has not been any changes since the last confirmation statement the company must make a ‘no change’ confirmation statement

Must be delivered within 14 days of the end of the review period

Question 4

Annual Directors’ Report

Strategic Report

Answer 4

Required for medium and large companies (i.e. companies with more than 50 employees or turnover of about £10 million)