The statement of capital is a ‘snapshot’ of a limited company’s issued share capital at any given time.
Companies incorporating as limited by shares on or after 1 October 2009 must complete a statement of capital and detail initial shareholdings as part of the application to incorporate.
All companies limited by shares must also complete a statement of capital as part of any annual return filing made on or after 1 October 2009.
A statement of capital will also be incorporated into a number of amended Companies House forms associated with the notification of capital changes.
The statement of capital must contain the following detail with regards to the issued capital:
- The total number of shares of the company;
- The aggregate nominal value of those shares; and
- For each class of share:
- Prescribed particulars of the rights attached to the shares;
- The total number of shares of that class;
- The aggregate nominal value of shares of that class; and
- The amount paid up and the amount (if any) unpaid on each share (whether on account of the nominal value of the share or by way of premium).
Companies should ensure that they are able to produce an up-to-date statement of capital on request.