The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Purchase of own shares
Post Info TOPIC: Purchase of own shares
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Purchase of own shares
Permalink Closed

 

Purchase of own shares - all legals followed (clearance, articles do not prohibit/contract re consideration/ord res/consent/co house docs/gazette/one off payment-no installments etc)

No share premium. Shares £1 nominal x 100, 4 shareholder.  Buying one shareholder out 25 shares sold for £250k.

Just checking/useful for others.

 Dr share capital £25    Cr capital redemption reserve £25

 Dr P&L £250k (sufficient distributable reserves)    Cr Bank £250k

 



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Artois


Guru

Status: Offline
Posts: 1313
Date:
Permalink Closed

 

Hi Joanne

All entries look good to me



__________________

Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Thanks Doug

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Purchase of own shares
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About