From 30 June 2016 the annual return is being replaced with what has been named a ‘Confirmation Statement’.
The Confirmation Statement will need to be filed annually, in a similar fashion to the old Annual Return. The standard information will be required:
The registered office
The Directors and Company Secretary (if any)
Where the company keeps its records if it uses a single alternative inspection location
The company’s principal business activity
A statement of capital, unless there have been no changes
Whether the company is a traded company
The Shareholders, unless there have been no changes
However, there are some new additional pieces of information that will have to be included on the Confirmation Statement:
Details of company registers in relation to People with Significant Control (PSC) (please link to our web post on this)
Whether the Company has opted to use the Central Register
The aggregate amount unpaid on the total number of shares
The new requirements in relation to PSC and the optional Central Register are in line with the spirit of transparency and letting the public know who has actual control of a given company. The requirements in relation to unpaid shares aid financial transparency and will be of interest to individuals such as creditors.
Please contact Lesley Malkin if you require further information or assistance.
