Business Bank Statements

[friend87]

Hello Members,
Do we need to send every single business statement or the one in which diretor loan transaction appears. Also can you kindly let me know if personal bank statements should include to show the transfer from personal to business?

Thanks

[zimba]

Hello Members,
Do we need to send every single business statement or the one in which diretor loan transaction appears. Also can you kindly let me know if personal bank statements should include to show the transfer from personal to business?

Thanks

The rules require only the statements showing the money transfer from you to your business. It is good to include the personal ones as well showing the transfers from that side too.

[FKS21177]

Hello Members,
Do we need to send every single business statement or the one in which diretor loan transaction appears. Also can you kindly let me know if personal bank statements should include to show the transfer from personal to business?

Thanks

The rules require only the statements showing the money transfer from you to your business. It is good to include the personal ones as well showing the transfers from that side too.

Will only those pages which shows transaction be enough?? or do we have to send the whole statement of that period which has got transaction.

I got all 3 years statement, can i only pick those pages which shows transation and also cross match with personal bank statement page as well.

[zimba]

Will only those pages which shows transaction be enough?? or do we have to send the whole statement of that period which has got transaction.
I got all 3 years statement, can i only pick those pages which shows transation and also cross match with personal bank statement page as well.

That is what they are looking for. I say If you can send the full period for each it would be enough.

[FKS21177]

Thanks for reply and help Zimba88

[friend87]

And Kindly advise if we need to send all 3 Years account or only final accounts which have all DL established.

[zimba]

And Kindly advise if we need to send all 3 Years account or only final accounts which have all DL established.

Please do not repeat the same question. This is already been answered here in this thread

[friend87]

Sorry for the confusion but I was asking for Un-Audited Company's account.

[zimba]

Sorry for the confusion but I was asking for Un-Audited Company's account.

You just need to send unaudited accounts covering your investments as it is required. However you are free to send all 3 of them if you prefer.

[suvalike]

Sorry for the confusion but I was asking for Un-Audited Company's account.

You just need to send unaudited accounts covering your investments as it is required. However you are free to send all 3 of them if you prefer.

what about the management accounts...if i have not done the investment during the management accounts period then still we need to show...

If i apply in march then can i send the management accounts till 31 Jan or they need to be till the latest date like 29 Feb...

Please advise

thanks

[zimba]

Sorry for the confusion but I was asking for Un-Audited Company's account.

You just need to send unaudited accounts covering your investments as it is required. However you are free to send all 3 of them if you prefer.

what about the management accounts...if i have not done the investment during the management accounts period then still we need to show...

If i apply in march then can i send the management accounts till 31 Jan or they need to be till the latest date like 29 Feb...

Please advise

thanks

They only require those accounts that show your direct investment. It is up to you to send any extra documents to make your case however any irrelevant evidence is usually ignored.

[friend87]

I understand that the director Loan I transferred in company account is subjected to a loan agreement and this agreement should accompany with relevant set of accounts while applying for Extension. My question is
a) Will this loan letter should be signed & dated by concerned parties before first transaction made or it can be renewed and signed even after the full amount has been paid

b)Every Loan is repayable, is there any period which should be marked for repayment or shall company can pay via installment (pay as you earn)

[zimba]

I understand that the director Loan I transferred in company account is subjected to a loan agreement and this agreement should accompany with relevant set of accounts while applying for Extension. My question is
a) Will this loan letter should be signed & dated by concerned parties before first transaction made or it can be renewed and signed even after the full amount has been paid

b)Every Loan is repayable, is there any period which should be marked for repayment or shall company can pay via installment (pay as you earn)

The answer to your questions are not covered by the immigration rules. They are covered by the business law, so please consult a business solicitor. As far as I know, your loan agreement must be drafted and signed before the money is transferred. Also repayment plan for the loan is up to you.

[friend87]

Can anyone please explain


a)Do we need to get accountant letter for job creation even if we haven't joined the existing business.
b) do we need to get copy of accountant's registration certificate as well other then its certificate of confirmation letter in which he specified his registration and affiliation with recognise body.

[alex87]

You only need the letter confirming employment if you join an existing business.

I really doubt you need to send the registration certificate. Just ask your accountant to put his registration number on the compilation report.

[friend87]

Hi

If we are reporting via RTI (showing start date) do we still need to include P45 / P46 for employees?

[zimba]

Hi

If we are reporting via RTI (showing start date) do we still need to include P45 / P46 for employees?

Not really. You need to supply them if the information is missing from RTI report for the period you are claiming

P45 is given to an employee when he/she leaves the job. This document has the date in which the employment ended. You submit this document if your employee left your company to show HO the last date of their employment. Alternatively this information is included on the RTI FPS report for the last month of employment.

P46 is an old document used before RTI was implemented fully. An employer completed it only if the new employee had no P45 from previous job. P46 is not used any more as everyone must report via RTI. If you had any employees before 2014 and they were not on RTI, then you can supply P46 to show their starting date.

[friend87]

Can anyone please answer as i was away for a period of 198 days during initial year so;

1) Do I need to apply for another extension after first extension (2 years leave to remain)?


2) I understand that during extension period we have to maintain 2 jobs so if 2nd extension is needed shall these two jobs will need to be maintained & demonstrate again for ILR?

[Mrchaany]

Ok please explain your situation
When u got your visa exact date
And when ur first exit from uk and return dates

[friend87]

I got my initial visa in March 2013, I arrived within a month.

I left UK on 13/10/2013 and came back 28/04/2014. Since then I am not away for more then a month in any year.

[Mrchaany]

Exact date I believe u have something that you have not exceed 180'day in one cycle year
Because if I know the exact dates of arrival
And exit

[friend87]

Please see the time line

Entry Clearance : 06/03/2013
Date first entry: 02/04/2013
Date Exit: 13/10/2013
Date Re-Entry: 28/04/2014

Total day absence is 198 days as per my calculation.

[Mrchaany]

ok your first year start from 06/03/2013 but you arrived 02/04/2013
date of exit 13/10/2013
first month 13/11/2013
second 13/12/2013
third 13/01/2014
forth 13/02/2014
fifth 13/03/2014 so it means you have spend 6 months and 11 days in the UK you have around 140 days outside uk because your entry clearance was 06/03/2013 plus 26 days between entry clearance and first entry to uk in first year cycle
sixth month 13/04/2014 will be count in the second years cycle

i strongly believe you have not exceed 180 days in one year cycle

you need to take advice from any immigration solicitor or adviser regarding what i have mentioned above

[jafersadeq]

B2B
You are right.
Thanks

[zimba]

Please see the time line

Entry Clearance : 06/03/2013
Date first entry: 02/04/2013
Date Exit: 13/10/2013
Date Re-Entry: 28/04/2014

Total day absence is 198 days as per my calculation.

This depends on the day you apply for ILR as the continuous period is counted backwards from this date.
See page 19 of the ILR continuous period calculation guide: https://www.gov.uk/government/uploads/s ... ds-v13.pdf