Corporate Compliance

Annual Return
An Annual Return is a document that must be filed with the Registrar of Companies within seven months of the end of the relevant accounting period, containing key information about the company, its directors, and its financial status.
Connected Person
A connected person refers to individuals or entities that are related to a director under the Companies Act, with implications for disclosure requirements.
Directors' Interests
Directors' interests refer to the interests held by directors in the shares and debentures of the company of which they are a director. These interests extend to options on shares and debentures and must be disclosed to comply with the Companies Acts.
Register of Directors and Secretaries
A register listing the directors and secretary of a UK company, essential for maintaining statutory compliance and corporate transparency in accordance with the Companies Act 2006.
Undistributable Reserves
Undistributable reserves, often termed capital reserves, refer to specific reserves that cannot be distributed to shareholders as per the stipulations of the Companies Act, various statutes, or a company's constitutional documents. These reserves ensure the financial stability and compliance of a company.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.