Closing down company

[Flex8]

I have a limited company with a financial year end of 30 November. During the year ending 30 Nov 2024, the company sold all of its assets (all of which were intangible) and paid corp tax based on the profit from disposal. The company ceased trading from that point on.

There is no financial activity in the company for the year ending 30 Nov 2025. I would like to dissolve the company and distribute the proceeds as BADR (it is less than £25k).

What is the process that I need to follow?

1. Do I need to prepare financial statements for the year ending 30 Nov 2025 and submit them to HMRC?
2. Do I need to submit a corp tax return to HMRC for the year ending 30 Nov 2025?
3. When do I apply for informal strike-off (Form DS01)?

 

[Tables Force]

Do I need to prepare financial statements for the year ending 30 Nov 2025 and submit them to HMRC?

You would need to submit your accounts to Companies House for the year that has just ended.

Do I need to submit a corp tax return to HMRC for the year ending 30 Nov 2025?

Yes (and inform them that these are final accounts). Other option is to tell them the company was dormant for CT purposes (if it meets the definition).

When do I apply for informal strike-off (Form DS01)?

Once you've sorted the accounts/tax return.

 

[Ziggy2024]

You need to inform HMRC that the company has ceased trading & is now dormant, otherwise they will probably object to the strike off.

You do not need to prepare accounts or a CT return (provided HMRC accept the cessation). You are allowed to file a DS01 after the company has not traded for 3 months so you can file that at any point.

 

[Daybooks]

The guidance for you chosen route is explained here

Strike off your limited company from the Companies Register

How to close down your limited company by getting it struck off the Companies Register

www.gov.uk