Application submitted: 07/01/2016
Biometric Done: 15/01/2016
Visa issued: 24/01/2016
Card received: 27/01/2016
THE KEY TO MY CASE WAS PRESENTATION & ONLY RELEVANT DOCUMENTS
I did apply for extension through 50K Route. All of the investment was made after the initial application & via bank transfer from personal to business account & as a director loan investment.
Below is the list of documents which I submitted. The relevant documents of each heading below were sent in a separate plastic transparent envelope (A4) with the title page at the top, so the case worker reads the page & finds the exact document in the envelope.
1) Application form
a. Main applicant application form with two photographs & passports
b. Dependants application forms with photographs & passports
2) Annual accounts
a. Report & accounts for first financial year 2013/14.
b. Form CT600
c. HMRC online filing log printout.
3) Annual accounts
a. Report & accounts for second financial year 2014/15.
b. Form CT600
c. HMRC online filing log printout.
4) Management accounts
a. Report & management accounts for current financial year 2015/16.
[The accounts must show the amount invested in the period of each financial year. In the application form, there is a chart given to fill out. I mentioned the accounts date & put whatever amount I invested in that particular year. E.g;
11/01/2014 £25K
11/01/2015 £15K
30/11/2015 £10K (Management accounts date)
You should not fill the form with each transaction you made through bank as my transactions were many. Also, the case worker looks at the date in the application form & will co-relate with your accounts. So, he/she will find the same dates & the same amount as in annual accounts submitted].
5) Corporation Tax documents
a. FORM CT41G
b. CT620 ACK for first year
c. CT620 ACK for second year
d. CT620 ACK for third year
e. CT610’s Corporation tax important dates (all three years)
6) Director’s Loan agreement
a. Unsecured Director’s Loan agreement
b. Letter of Investment from certified accountant
[The director loan on plain yellowish paper, dated before I started investing the money. It is always a good idea to put a witness in the letter as did I].
7) Business Bank Statement
a. Account name:
b. Account number
c. Sort Code:
[I put a sticky note on each page wherever there was a transaction from personal to business account. This would have saved the case worker from being so frustrated by finding such transactions in over 200 pages].
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a. Current appointment report for my company
b. Recent Filing history page
c. Certificate of incorporation of the company
[Even though I could get a free print outs of above, but I called companies house to provide me all of the above. It cost me £3 but it looked so original on the designated companies house stationary.
9) Full Payment Submission & Letter from accountant
a. RTI – Full Payment submission (FPS)
b. Letter from certified accountant confirming net creation of jobs
[Print out of all rti’s from the point your settled worker started working. These print must be signed by yourselves & if your company has an official stationary then stamp it]
10) Employee documents
a. Employee 1: Name of Employee
b. Employee Joining Statement
c. Form P60
d. Form P45
e. P11 deductions working sheets [Signed & Stamped]
f. Employee Proof of Identification [They should be the photocopy which you did for your own records before they started working for you. I did copy all ids before they started employment, signed & stamped & wrote Original documents seen & copied by (my name)]
11) Supporting documents
a. Business Insurance [all three years]
b. Recent trade contracts
c. Business Invoices
d. Online Advertisement
12) Share Certificate [Even though I did not go for the share certificate option but still I provided it]
13) Print out of Online Points Based calculator
14) Covering Letter
15) Maintenance Funds
I would like to thank all member & admin of this forum in helping me getting few answers. And now since I have found me peace, I wish you all the best if finding yours.
Questions are welcome but please make sure they are worth asking considering nature of my case. I am not a consultant but expert only on my case.
Massalam
Syed