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Company Law Fashion Designs Ltd Coursework HND Business Studies Kelly Oehme 2204764 The Assessment: Fashion Designs Ltd As an avowed expert on company law I am requested to advise the board of directors on the following matters: (a) Realised Profit Test is related to the maintenance of capital in the distribution of profits and assets. A realised profits test takes place when a company wants to determine its profits which are available for distribution. Profits need to be distributed in a situation of a winding up of a company, for example bankruptcy. The Realised profit test provides that the profits available for distribution will be the company's accumulated realised profits, which is known as revenue and capital. The Net Assets Test is again related to the maintenance of capital in the distribution of profits and assets. A Public company must also use this test. A company has to make good its net unrealised losses before it can declare a dividend...

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