Sometimes Companies House will return a nominal value which is incorrect.
There are 3 common scenarios which will cause this. They are:
A - if Companies House return a nominal value of £0.00 per share. This will need to be corrected. You can do this if you follow the below steps
B - If Companies House return a proper nominal value amount e.g. £1.00 but you are expecting it to be £0.01. It is likely that this change would be made using the Share Split or Share Consolidation feature.
C - If Companies House returns an improbable and unwieldy nominal value e.g. £1.0564678. This is caused by a mistake when the company was formed or a share class created. This will likely require corrections at Companies House via second filing.
This process described below is to add back the nominal value when none has been returned i.e A above:
1. Go to the Share Classes tab and click on the pencil and select Edit share class.
2. This will bring up this screen. Select "change the name and/or the rights of a share class"
4. Enter the date of change and the share class you wish to amend.
5. The next screen will give you the opportunity to add back the Nominal Value. Leave the Class description (name) as displayed. You cannot change the Currency. Select the Type of share from the dropdown list e.g. Ordinary
If the Prescribed Particulars are missing see: How do I add back the Prescribed Particulars? Now add the Nominal value per share.
6. Then click the green Submit. No message will go to Companies House.
7. You will then have the option to generate the required Companies House form SH08. If you are adding back Prescribed Particulars for a share class because none were returned by Companies House you can finish without generating the form. Otherwise remember to print and send SH08 to Companies House.