|What is a dormant company?
A company is dormant if it has had no 'significant accounting transactions' during the period.
When considering if a company is dormant you can disregard the following financial transactions:
(a) an authorised insurance company, a banking company, an e-money issuer, an ISD investment firm or a UCITS management company.
(b) a person who carries on insurance market activity.
If the company has not been dormant since incorporation, but has become dormant, it may take advantage of the exemptions provided that:
Dormant accounts filed at Companies House need not include a profit-and-loss account or directors' report.
Unaudited dormant accounts are much simpler than those of a trading company but must show: