ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Unaudited Annual accounts my name and Director Loan

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

Locked
Hassan Rasheed
Member
Posts: 135
Joined: Sat Oct 01, 2016 9:42 pm

Unaudited Annual accounts my name and Director Loan

Post by Hassan Rasheed » Tue Apr 18, 2017 11:22 pm

Hi Dear,
I just applied my fresh application for tier1 £200K visa cata.

I read somewhere in this forum and also seen on tier1 visa HO guideline page47 that audited OR unaudited accounts must show the investment in money made directly by the you,in your own name or on your behalf(and showing your name).

I have submitted my unaudited accounts 2014,2015,2016 and management accounts accounts till march 2017.
I total invested £250K,Actual required money as £200K.
£57K in 2015.
£155K in 2016.
£40K in 2017.

''My accountant did not mention my name and also not mention its director loan, He just simply mention as other creditor £250K amount.
But All info mention on loan agreement(Director loan).


''My accountant did not mention my name and also not mention its director loan, He just simply mention as other creditor.
But All info mention on loan agreement(Director loan).

My accountant amend 2016 accounts and simply added line £215K ,57K of 2015 invested from Asif Iqbal into company as Director loan.
£220000( 2015:£57,500) is a director 's loan from Mr X Y Z to company

A-Should i change and add my name and mention director loan in all year 2015,2016,annual coconuts and mangment account 2017 ? OR 2016 accounts amendment should be ok.

B- should i need any letter from accountant for this change,If yes what could be explainaiotion ?

C-My Application acknowledgment letter not received app 3 weeks time gone, should i wait acknowledgment letter received an than put my application reference on it.

Is any one who submit their case now days and not getting their acknowledgment letter?

Please suggest, Thanks
HN

User avatar
zimba
Moderator
Posts: 21938
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: Unaudited Annual accounts my name and Director Loan

Post by zimba » Tue Apr 18, 2017 11:42 pm

A-Should i change and add my name and mention director loan in all year 2015,2016,annual coconuts and mangment account 2017 ? OR 2016 accounts amendment should be ok.
If it shows in final year accounts it will be enough
B- should i need any letter from accountant for this change,If yes what could be explainaiotion ?
No such letter is required
C-My Application acknowledgment letter not received app 3 weeks time gone, should i wait acknowledgment letter received an than put my application reference on it.
You said you just applied for it, how come it has been 3 weeks ?? I am confused :?
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Malikwaheed
Newbie
Posts: 41
Joined: Sun Mar 26, 2017 2:27 am

Re: Unaudited Annual accounts my name and Director Loan

Post by Malikwaheed » Wed Apr 19, 2017 1:52 am

I don't want to disappoint you. I sent my application same as yours and received refusal three weeks ago that my name is not in front of director loan now am in AR so I will suggest you update your accounts and send them updated copy ASAP before they refused your application. Just keep in mind I paid more then 100k TAX and i received refusal. Mean we investor have no values in HO eyes.

Hassan Rasheed
Member
Posts: 135
Joined: Sat Oct 01, 2016 9:42 pm

Re: Unaudited Annual accounts my name and Director Loan

Post by Hassan Rasheed » Wed Apr 19, 2017 10:30 pm

Zimba Its fact Its almost 3 weeks ago i have applied and i did not hear back from HO.

Thanks,HN

Hassan Rasheed
Member
Posts: 135
Joined: Sat Oct 01, 2016 9:42 pm

Re: Unaudited Annual accounts my name and Director Loan

Post by Hassan Rasheed » Wed Apr 19, 2017 10:33 pm

Malikwaheed wrote:I don't want to disappoint you. I sent my application same as yours and received refusal three weeks ago that my name is not in front of director loan now am in AR so I will suggest you update your accounts and send them updated copy ASAP before they refused your application. Just keep in mind I paid more then 100k TAX and i received refusal. Mean we investor have no values in HO eyes.
Malik thanks for your reply, Can you please explain your name was not in Annual accounts OR missed in Director loan agreement ?

Hassan Rasheed
Member
Posts: 135
Joined: Sat Oct 01, 2016 9:42 pm

Re: Unaudited Annual accounts my name and Director Loan

Post by Hassan Rasheed » Wed Apr 19, 2017 10:47 pm

zimba88 wrote:
A-Should i change and add my name and mention director loan in all year 2015,2016,annual coconuts and mangment account 2017 ? OR 2016 accounts amendment should be ok.
If it shows in final year accounts it will be enough
B- should i need any letter from accountant for this change,If yes what could be explainaiotion ?
No such letter is required
C-My Application acknowledgment letter not received app 3 weeks time gone, should i wait acknowledgment letter received an than put my application reference on it.
You said you just applied for it, how come it has been 3 weeks ?? I am confused :?
Zimba Thanks,I understand your point. But My name is not show in 3 year accounts.anyhow i will amend and resend accounts of last 2 years.

secondly should accountant OR me required to be sign unaudited accounts ?

Whats your opinion should i Wait for acknowlegment letter OR send amended accounts straightaway?

User avatar
zimba
Moderator
Posts: 21938
Joined: Mon Aug 11, 2014 6:13 pm
Location: UK
Mood:
United Kingdom

Re: Unaudited Annual accounts my name and Director Loan

Post by zimba » Thu Apr 20, 2017 1:04 am

secondly should accountant OR me required to be sign unaudited accounts ?
Accounts must be signed by you
Whats your opinion should i Wait for acknowlegment letter OR send amended accounts straightaway?
I am not sure where you to send more documents. Better wait to get the reference before sending extra documents
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Hassan Rasheed
Member
Posts: 135
Joined: Sat Oct 01, 2016 9:42 pm

Re: Unaudited Annual accounts my name and Director Loan

Post by Hassan Rasheed » Wed Apr 26, 2017 11:50 am

Malikwaheed wrote:I don't want to disappoint you. I sent my application same as yours and received refusal three weeks ago that my name is not in front of director loan now am in AR so I will suggest you update your accounts and send them updated copy ASAP before they refused your application. Just keep in mind I paid more then 100k TAX and i received refusal. Mean we investor have no values in HO eyes.

Malik thanks for your reply, Can you please explain your name was not in Annual accounts OR missed in Director loan agreement ?

HN
Junior Member

Locked