Hi Everyone,
I am going to apply for extension in few months time and looking at my accounts, I have invested the money as director 's loan and It shows my investments as liabilities.
Creditors: amounts falling due within one year : 25000
Net current liabilities : 15000
Net liabilities : 12000
and reading on some forums apparently It says that since the loan is unsecured, the investments should not be listed as liabilities. I highly appreciate if someone knows how this works and also if it can be fixed on the final account I am producing in 2 months time.
Many thanks
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