What is a Confirmation Statement?
Posted on 22nd February 2021 at 12:04
Earlier this was termed as the Annual Return (Form AR01) and is now called the Confirmation Statement (CS01). This document includes other information that’s needs to be filed. In layman’s terms it is an annual return that offers updated and precise details about any company on a particular date. All registered companies have to file a Confirmation Statement to the Companies House annually.
Submission of the statement keeps Companies House as well as stakeholders up to date about any changes in share capital, shareholders or directors etc.
It includes but not limited to:
Main business activities
The address of the registered office
Registered Number and name of the company
Names and details of the Company Secretary and Directors
SAIL address (Alternative Inspection Location) if used
For those businesses limited by shares the Share Capital
Other members like LLP members, guarantors and stakeholders
PSCs (if any, Persons having significant control)
Date of the returns to be filed
It is the legal responsibility of the Company Directors to ensure that precise confirmation statements are filed in time at the Companies House. It is their duty to ensure the information submitted is accurate, complete and filed on time. The confirmation statement has to be submitted once annually to Companies House on certain assigned dates. Reminders are sent out to businesses by Companies House advising of the due date. While there is provision to submit multiple confirmation statements (if needed) it must have a minimum gap of 24 hours between each submission.
It is important to submit confirmation statements within 4 weeks of the due date or within 4 weeks of the company formation anniversary, which is termed as ‘Made Up Date’ that is the date on which the confirmation statement is precise and contains all the needed information.
Filing a confirmation statement is mandatory by law, failure of which could lead to legal prosecution, removal of the director that is deemed personally liable, with even the company name being removed from the Companies House records.
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