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32-453: The Trust was formed in 1967, its purpose being "to preserve property and buildings of architectural and historical interest in the county for the benefit of the nation". It is both a registered charity and a company limited by guarantee . The money employed by the Trust originated in a single grant made at the time of its foundation by Wiltshire County Council , funding which has been described by

64-709: A Tax Return with HMRC . By using a government online service, this can be done at the same time as delivering the accounts to Companies House. The deadline for delivering the return is 12 months after the accounting period ends. Every company must have a registered office , which does not need to be its usual business address; it is often the address of the company's lawyers or accountants. All official letters and documents from government departments (including HMRC and Companies House) will be sent to this address, which must be shown on all official company documents. The registered office can be anywhere in England and Wales, or Scotland if

96-455: A company. In addition, natural persons must have the legal capacity to consent to their appointment as director of a limited company. As of October 2008, the minimum age required to give this consent is 16 years of age. This change was applied retroactively, with any directors under the age of 16 being removed from the register upon the implementation of the Companies Act 2006 . This was already

128-468: A director, subject to certain exceptions. A person who is yet to be discharged from bankruptcy or who has been banned from being a company director by the court will be prohibited, except in certain cases. For example, if the bankrupted person had requested details of share transactions because there was sufficient equity within the business/es that had not been dealt with sufficiently by the court, they are technically not bankrupt and are permitted to start

160-629: A revolving fund, the articles of association of the Trust prevent it from making grants to private owners of historic buildings, but it has sometimes made contributions to special projects around Wiltshire promoted by others. A loan was made to the Merchant's House Trust in Marlborough to enable it to buy the burgage plot associated with the Merchant's House. Grants have included one to the Warminster Buildings Preservation Trust for

192-599: A town centre project, another to the Friends of Lydiard Park to help with the restoration of an ice house in the grounds of that country house (a project completed in 2007), and a contribution to the Salisbury Cathedral Appeal. The Trust is a member of the Association of Preservation Trusts. The Trust assisted Kennet District Council with a study into Devizes Assize Court in 2006–2007, and in 2018 supported

224-523: Is a type of company where the liability of members in the event the company is wound up is limited to a (typically very small) amount listed in the company's articles or constitution . Most have no share capital , although rare exceptions exist. The form originated in the United Kingdom, and now exists under the company law of the Australia, Bermuda, Gibraltar, Hong Kong, Gambia, and Ireland, and in

256-555: Is an automatic penalty which is between £150 and £1,500 for a private company. The first accounts of a private company must be delivered: A company may change its accounting reference date by sending Form 225 to the Registrar. Every limited company must file annually a confirmation statement (previously an annual return), as required by section 853A of the Companies Act 2006, which confirms that its information held at Companies House

288-435: Is correct. To help companies meet this filing requirement, Companies House may send a pre-printed "shuttle" form to each company's registered office several weeks before the anniversary of incorporation. The form shows the information that has already been given to Companies House. Companies House may also send an email reminder on the due date (annual review period date). This statement must be filed no later than 14 days after

320-405: Is no longer necessary to obtain a court order to withhold a director's address, as a "service address" can be supplied as well, with the residential address being held as protected information at Companies House. When a limited company is formed it must issue one or more subscriber shares to its initial members. It may increase capitalisation by issue of further shares. The issued share capital of

352-538: Is not allowed. In many countries, a company limited by guarantee must include the suffix Limited in its name; alongside private companies limited by shares . Until 1981, it was possible in the United Kingdom to form a company limited by guarantee with a share capital, although the number of these companies remaining is very small., Some uses of companies limited by guarantee include clubs and membership organisations, including students' unions , residential property management companies, sports associations, such as

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384-566: Is the major difference between a private limited company and a public limited company. Most companies, particularly small companies, are private. In the United Kingdom , every company must have formally appointed company officers. By statute, a private company must have at least one director and until April 2008 also had to have a secretary . The company's articles of association may require more than one director. At least one director must be an individual , not another company. Anybody can be

416-727: The PGA European Tour , co-operatives , other social enterprise , non-governmental organizations and charities (especially larger charities, such as Oxfam ), and at least one political party (the UK Independence Party ). The form is also often used by organisations with some kind of national coordinating function. Examples in the UK include the domain name registry Nominet UK , England and Wales Cricket Board and IXPs LINX ( London Internet Exchange ) and LONAP (London Access Point). Examples elsewhere include Cricket Australia and

448-452: The Republic of Ireland . It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company . "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of

480-565: The World Wide Fund for Nature Hong Kong . In the UK, some quasi-governmental organisations are incorporated as companies limited by guarantee, a government department or minister having ultimate control. The Financial Conduct Authority and Network Rail (the railway infrastructure provider) are examples. One of the largest companies limited by guarantee is Bupa , the healthcare company, which has 32 million customers in more than 190 countries and which employs more than 84,000 people around

512-623: The Anglo-American law firm of Womble Bond Dickinson is similarly structured, with two limited liability partnerships of Womble Bond Dickinson (UK) LLP and Womble Bond Dickinson (US) LLP being the members and providing client-facing services. Private company limited by shares A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales , Hong Kong , Northern Ireland , Scotland , certain Commonwealth jurisdictions , and

544-555: The Anglo-Canadian law firm of Gowling WLG , formed in 2016, is structured as an English private company limited by guarantee (named Gowling WLG International Limited), in which the two limited liability partnerships of Gowling WLG (Canada) LLP and Gowling WLG (UK) LLP are members and provide legal services; the structure is similar to the Swiss Verein structure used by several other major international law firms. In another example,

576-568: The Canadian provinces of Alberta and Nova Scotia . It previously existed in New Zealand. It is used primarily but not exclusively by non-profit organisations (including charities) that require legal personality . Other uses include mutual insurance companies and quasi-governmental bodies. In the UK, a company limited by guarantee can distribute its profits to its members, if allowed by its articles of association . However, in Australia this

608-566: The Registrar must be signed by each subscriber in front of a witness who must attest the signature. The articles of association govern the company's internal affairs. The company's articles delivered to the Registrar must be signed by each subscriber in front of a witness who must attest the signature. Form IN01 states the first directors, the first secretary, and the address of the registered office. Each director must give their name, address, date of birth, and occupation. Each officer appointed, and each subscriber (or their agent), must sign and date

640-400: The Registrar to be struck off the register. Alternatively, the company may be voluntarily liquidated. A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to

672-401: The Trust's President Lord Lansdowne as "a revolving capital sum". Since 1967, the Trust has been instrumental in a number of projects for the restoration and conversion of historic buildings large and small. At the end of a project, the restored building is sold, so that the Trust can recover the money laid out and look for a new project. The restoration projects of the charity have included

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704-673: The case in Scotland, under the Age of Legal Capacity (Scotland) Act 1991 . No formal qualifications are required to be a company director or secretary, but the company must comply with many laws and regulations, regardless of such qualifications or the lack of them. Certain non-British nationals are restricted as to the work they may undertake in the UK, depending upon their visas, work permits, national insurance payments center location and tax details, training, English language and professional indemnity insurances. As of October 2008 (Companies Act 2006), it

736-431: The company is registered there. To incorporate a company in the UK, the following documents, together with the registration fee, must be sent to the Registrar of Companies: The memorandum of association states the name of the company, the registered office and the company objectives. The objective of a company may simply be stated as being to carry out business as a general commercial company. The memorandum delivered to

768-435: The company is the total number of shares existing in the company multiplied by the nominal value of each share. A company incorporated in England and Wales can be created with any number of shares of any nominal value, expressed in any currency. For example, there may be 10,000 shares with a nominal value of 1p, or 100 shares of £1 each. In each case the share capital would be £100. Unissued shares can be issued at any time by

800-460: The directors using a Form SH01 - Return of Allotment of Shares ( Companies Act 2006 § 555) subject to prior authorisation by the shareholders. Transfers of shares in a private company usually occur by private agreement between the seller and the buyer, as they may not be offered to the general public. A stock transfer form is required to register the transfer with the company. The articles of association of private companies often place restrictions on

832-586: The due date, and can be filed online using a Companies House service; as of May 2023 the fee for online submission was £13 and the fee for postal submission was £40; from 1 May 2024 these costs were increased to £34 and £62 respectively, the additional income being used by Companies House to fund their enhanced powers of investigation and enforcement undertaken in line with the Economic Crime and Corporate Transparency Act 2023 (ECCTA). A private company limited by shares must also file for every financial year

864-549: The establishment of Devizes Assize Court Trust, a charity which bought the building and aims to restore it to provide a new home for Wiltshire Museum . The trustees are known as 'governors'. Four are appointed by the Wiltshire Council unitary authority, and one by the Borough of Swindon ; others are appointed by the existing governors of the Trust. Company limited by guarantee A company limited by guarantee ( CLG )

896-578: The following buildings: Barton Farm, Bradford on Avon (sold 1975); Number 23, South Wraxall (sold 1982); Wilton Windmill , near Marlborough (completed 1976); Number 3, High Street, Marlborough; Numbers 7, 9, 11, 13, 15, 21, 23 and 25, Church Street, Calne (1987–1992); The Well House, Derry Hill (2002–2003); The Ostler's House, at the Hare and Hounds public house , Pickwick (2003–2004); The Apple Store, Rowdeford School (2006); and The Granary, Manor Farm, Yatesbury (2006–2007). Given its planned nature as

928-678: The form. Applications may also be submitted directly to Companies House and HMRC online via the GOV.UK website for £50. In other jurisdictions, companies must make similar applications to the relevant registrar, such as the Companies Registration Office, Ireland , in the Republic of Ireland , or the Registrar of Companies in India. Private companies that have not traded or otherwise carried on business for at least three months may apply to

960-405: The shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This

992-444: The transfer of shares. A company's first accounts must start on the day of incorporation. The first financial year must end on the accounting reference date , or a date up to seven days either side of this date. Subsequent accounts start on the day following the year-end date of the previous accounts. They end on the next accounting reference date or a date up to seven days either side. If a company's accounts are delivered late there

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1024-569: The world. A number of professional services providers are structured as private companies limited by guarantee in which the members that provide client-facing services are the individual constituent firms using a common brand. The company limited by guarantee typically does not itself provide client-facing services. The Big Four accountancy firms (Deloitte, Ernst & Young, KPMG, and PriceWaterhouseCoopers ) are each organized using this structure. Some law firms also use this structure to establish an internationally branded presence. For example,

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