There must be hundreds, if not thousands, of people who have to go through all the time and trouble of fulfilling this red tape for no advantage to anyone. It certainly causes plenty of stress and effort for my partner! It's a waste of the companies' time, and of civil servants who deal with it. As such, it brings Government into disrepute. All cost, no benefit. Bit of a no-brainer really.
My partner is the secretary of a company set up to own the freehold of a block of flats. It doesn't trade, and there's one share per flat. Every year she has to submit a set of accounts (the same every year, except the dates have to be changed). She also has to submit an annual report. Why can't the Companies Act be changed to only require non-trading companies to submit accounts or annual reports IF THERE IS A MATERIAL CHANGE IN CIRCUMSTANCES