Hi
If My LTD company owns ordinary shares ata a value of £45 (£1 per share) , isnt this a fixed asset, where would you record this? stock?
What percentage of shares does your company own? It would be shown as an investment.
100% of another LTD company.
Suppose to be as a fixed asset ?
Investments are fixed assets, yes. Are your companies small? I assume with £45 share capital they are and therefore there’s no need to have to think about group accounts?
Hi
It was 45 last week. Now, I’ve 100shares (100%)
Parent company is qualified as small so I assume it’s not needed for group accounts
Both parent and subsidiary must qualify as small, as well as the aggregated entity. I iamgine with such low share capital, and teh fact you are using QF, it qualifies, but you do need to make sure.
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