UG - Cover without bookings - balance sheet
January 28, 2022 | 50,00 EUR | answered by Dipl.-Kfm. Frank-Olaf Illiges
Dear tax consultant,
I am the owner of a UG, which is now just a shell. For the 2020 financial statements, I have a loss of €91.72. The share capital is €4,500.00 and the assets are as follows:
Fixed assets: €1,697.02 (camera that is being depreciated)
Current assets: -€16.77 (negative account balance)
Total assets: €1,680.25
Apart from the above-mentioned asset items, there are no others. Now there is a difference between assets and liabilities of €2,728.03. This difference comes from the share capital, which has been used up over the past two years and therefore there was a negative balance of €16.77 in 2020. Apart from bank charges, there were no transactions in 2020. How can I reconcile assets and liabilities here?
Thank you in advance for your help.
Best regards,
Paul Müller
Dear Mr. Müller,
Thank you for your inquiry, which I will gladly answer taking into account your effort and the rules of this platform.
On the asset side of the balance sheet of your UG as of December 31, 2020, only the fixed assets amounting to 1,697.02 EUR are to be reported. The balance sheet total is therefore 1,697.02 EUR.
On the liabilities side of the balance sheet of your UG as of December 31, 2020, the following items are to be reported:
Share capital 4,500.00 EUR
Loss for the year ./. 91.72 EUR
Loss carryforward ./. 2,728.03 EUR
Liabilities to credit institutions 16.77 EUR
Balance sheet total 1,697.02 EUR
Kind regards,
Dipl.-Kfm. Frank-Olaf Illiges
Tax consultant
Ringstraße 98
33378 Rheda-Wiedenbrück
Phone: 05242/4055666
Fax: 05242/4055677
e-mail: office@illiges-steuerberatung.de
Website: www.illiges-steuerberatung.de
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