Statutory Books
Statutory Books are the official records kept by the company relating to all legal and statutory matters.
A company's statutory books are usually kept at the registered office of the company. The books should be available to the general public for inspection during reasonable office hours.
The typical contents of a company's statutory book are:
* the register of shareholders
* the register of company directors and secretaries
* the register of company directors' interests
* the register of charges
* The register of interests in shares if the company is a PLC.
Confirmation Statement (formerly known as Annual Return)
A company's confirmation statement must be filed annually with the Registrar of Companies. Non-compliance will render the company liable to dissolution with liabilities subsequent to the dissolution being the responsibility of the directors.
In order for us to deal with your confirmation statement you will be required to purchase the confirmation statement service located on https://www.companiesmadesimple.com/view_misc_products.html under the title Confirmation Statement fee.
Penalties
The Companies Act 1985 provides for the Registrar of Companies to charge penalties and fines:
* £100-£5,000 penalty for late filing of accounts (the amount depends on the status of the company and the degree of lateness)
* £5,000 maximum fine for failure to submit accounts
* £5,000 maximum fine for failure to file the confirmation statement
* £5,000 maximum fine for failure to hold an AGM
* £5,000 maximum fine for failure to notify any changes of officer, etc.
How we can help
As part of our service to client companies, we undertake on receipt of written instructions to keep the company's statutory records up-to-date before submitting them to the Registrar of Companies.
Do call us if you would like further help or advice on this subject.
