Directors loan in annual account

[babaty2k02]

Good day guys.

Could someone please help clarify how the Director Loan item should appear in the account under Notes.

Is it just
1. Director's Loan £xx,xxx, Or
2. Director's Loan for Mr XYZ (My Name) £xx,xxx

I have asked my accountant and he said we cannot show the name alongside Director's Loan Account (as in 2 above), as it had already been mentioned as a named Director and 100% shareholder.

Also (just to avoid creating another topic, I'll just squeeze the question here), in the Annual Accounts, I have signed the Director's Report page and the Balance Sheet page. Are we required to sign any other page, like the Profit & Loss page?

I shall appreciate your contribution(s)

[Mrchaany]

Till your accountant to put your name under director
Loan section otherwise ukvi will not accepted investment points
Regards
Ik

[babaty2k02]

Till your accountant to put your name under director
Loan section otherwise ukvi will not accepted investment points
Regards
Ik

Thanks for the response.

Is it in the NOTES of Director's loan Accounts or In the Director's loan section of the main account?

[Mrchaany]

Under other creditor section your accountant need to make director loan subsection

[itpba]

Under other creditor section your accountant need to make director loan subsection

thanks for your advice, there are 2 places where you find OTHER CREDITORS (1) balance sheet (2) NOTES. where is accountant supposed to make subsection ( Director Loan) ? in Our case accountant say he cant add anything to balance sheet as its pre-loaded by software although in the Notes section under OTHER CREDITORS he wrote a note saying " Other creditors include unsecured director loan of 52K " without director names but in the next note below he mentions that Mr A and Mr B are 50% shareholders.. hope this is acceptable by HO.pls share your views.Regards

[babaty2k02]

Under other creditor section your accountant need to make director loan subsection

Thank you for your response.
Please I still need specific clarificatiions.
In the accounts, there are two lines for CREDITORS:

1. Creditors: Amount falling due within one year

2. Creditors: Amount falling due after one year

Under which will the Director's Loan Account appear? This is my confusion.

Thank you.

[ukbusiness2016]

Under other creditor section your accountant need to make director loan subsection

Thank you for your response.
Please I still need specific clarificatiions.
In the accounts, there are two lines for CREDITORS:

1. Creditors: Amount falling due within one year

2. Creditors: Amount falling due after one year

Under which will the Director's Loan Account appear? This is my confusion.

Thank you.

What is the duration of your directors loan agreement? Does the agreement period end within a year or does it stay valid for longer? Depending on your response to the question you know which header to put it under.

On a side note, if your accountant does not know this and you have to ask for help then I recommend changing your accountant.

[babaty2k02]

Under other creditor section your accountant need to make director loan subsection

Thank you for your response.
Please I still need specific clarificatiions.
In the accounts, there are two lines for CREDITORS:

1. Creditors: Amount falling due within one year

2. Creditors: Amount falling due after one year

Under which will the Director's Loan Account appear? This is my confusion.

Thank you.

What is the duration of your directors loan agreement? Does the agreement period end within a year or does it stay valid for longer? Depending on your response to the question you know which header to put it under.

On a side note, if your accountant does not know this and you have to ask for help then I recommend changing your accountant.

Thank you.

[jon99]

hye guys,
I am new here but do read post regularly.MY TIER1 ENTRE EXTENSION is due in March 2nd 2017 while my ten yrs will complete end of August.I heard HO reply bk qickly and if they do then they break the time period by refusal.Could someone please instruct me how to spent period of 5month if any diificulty come in extension or its coverable not a problem.I will be thanful to you for your cooperation.ta

[ukbusiness2016]

hye guys,
I am new here but do read post regularly.MY TIER1 ENTRE EXTENSION is due in March 2nd 2017 while my ten yrs will complete end of August.I heard HO reply bk qickly and if they do then they break the time period by refusal.Could someone please instruct me how to spent period of 5month if any diificulty come in extension or its coverable not a problem.I will be thanful to you for your cooperation.ta

Hi,

Firstly, thinking that the UKVI will refuse your visa to break your time period is incorrect. They will only refuse your visa if your documentation is incorrect or if you fail to meet the requirements.

As long as you meet all the extension requirements and your documents support it then you have nothing to worry about.

[jon99]

thx for reply I was just wondering few friends of mine had extension in April this year and they had only gap of 3month to cover ten years.So they just apply for extension without fullfilling reqirements and finally they withdraw extension application and applied for ten year long residency.