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Prepare trail balance using following adjustments 1. Incorporation date: 1st March 2022 2. Accounting year end: 28th Feb 2023 3. Starting capital: 2.00 (called up
Prepare trail balance using following adjustments 1. Incorporation date: 1st March 2022 2. Accounting year end: 28th Feb 2023
3. Starting capital: 2.00 (called up but not paid; Two Directors/shareholders of company Mr HICKMAN & Mrs TRACY 1 each.
4. Business Description: BTL (Buy-To-Let business). It is not traditional type of selling of product/service business. Company is setup to buy property under LTD company and earn rental income tax effectively because current corporation tax rate is 19% (lower than personal income in UK).
PAYMENTS PURCHASE PRICE 230000.00 ADD DISBURSEMENTS, RECHARGES AND EXPENSES (Inclusive of VAT where applicable) LocalSearchWinding-UpSearchCompaniesHouseRegistrationLandRegistrySearchFeeEnglishStampDuty"LandRegistrationFees253.8958.8815.003.6056900.00150.00 TOTAL PAYMENTS 7331.47 FEES Our Professional Legal Fees For Acting On Your Purchase Our Administrasion Fee For Processing 1 Electronic Bank Transfer Payment For You 31.158.2337.38 Our Administration Fee For Electronic Submission ofLandRegistrationApplication75.0015.00590.00 Our Administration Fee For Compliance With A Lenders Requirements in Relation To A Buy To Let MortgageOuradministrationfeeforyourdigitaljoumey100.0035.0020.007.00120.0042.00 Our administration fee for camying out a lawyer check search against the other side's solicitors/conveyancers10.002.00$12.00 TOTAL FEES AND VAT 1039.62 TOTAL REQUIRED ON PURCHASE 238371.09 LESS Payments on Acoounts received from you 68171.09 MORTGAGE ADVANCE The Mortgage Works (UK) PlC 172480.00 TOTAL RECEIPTS 238851.09 BALANCEDUE TOCLIENT 280.00Step by Step Solution
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