On the 15/12/23 Sian Formwork UK Ltd completed the demerger which transferred investment properties into newly incorporated entities, Sian Management Ltd and J A Sian Ltd, to enable all businesses to operate independently.
As part of the demerger:
Net assets of £783,484 were transferred as £393,409 to Sian Management Ltd and £390,075 to J A Sian Ltd.
A demerger reserve of £783,484 was recognised in equity.
Shareholders received one share in one of the newly incorparated companies for each share held in Sian Formwork UK ltd
There was no impact on the company’s profit and loss for the period.
The revised equity structure is as follows:
Equity Section Amount (£)
Share Capital 1,000,000
Demerger Reserve (783,484)
Retained Earnings 992,930
Total Equity 209,448