The Companies Act 2006 has introduced a new element to the company formation process. Previously all companies that were limited by shares provided details of the companies share structure as follows -

•  Type of share
• Value of shares
• Authorised share capital
• Issued share capital
• Shareholders details

An example of this would be-
Ordinary shares
£1 share value
Total authorised shares 1000 x £1
Issued shares 100 x £1 issued to Joe Blogs

Companies incorporated under the Companies Act 2006 now complete a Statement of Capital at the time of incorporation which is recorded at Companies House. This will state-

• Type of share (ordinary, preference, class A etc)
• Amount paid up on each share
• Amount (if any) unpaid on those shares
• Number of shares issued
• Aggregate nominal value of shares issued
• Shareholders details

In addition a statement of capital needs to be filed every time the company alters its share capital if the change affects any of the following -

• the total number of shares allotted;
• the aggregate nominal value of those shares;
• the value of the individual shares which have been allotted; or
• the amount (if any) unpaid on those shares.