Record shares transfers in Confirmation statement is inevitable. Generally, you are required to disclose your shares transactions during the year with Companies House.
For this purpose, it is important to complete your Confirmation statement correctly when you have shares transfers during the year. Otherwise, Companies House will reject your confirmation statement if the shareholders section of the form is incomplete or with errors.
Shares transfers illustration
For example, you have 100 shares issued to yourself when your limited company was incorporated. Subsequently, you transferred one share to your friend and 49 shares to your wife on 01 January 2019.
The table below show how to record shares transfers in Confirmation statement.
|Name||Class of share||No. of shares held||No. of shares transfer’d||Date of reg.or transfer|
Correspondingly, you enter the date of transfer of 01 January 2019 next to your name only. Do not put the date of the transfer of 1 January 2019 in your wife or your friend name.
Accordingly, Companies House would recognize the transfer date of 01 January 2019 is the date of your wife and your friend received the shares.
Particularly, ensure the total number of your limited company’s shares in the column, number of shares currently held equal to total shares issued by your limited company. Otherwise, Companies House will return your Confirmation statement to your company’s registered office for amendment.
On the other hand, you may contact Companies House if you have questions about your shares transfers or filing your confirmation statement.
Confirmation statement is a snapshot of your company information registered with Companies House. Your company is required to submit this document at least once very 12 months. Failure to file your confirmation statement is a criminal offence.