Companies Act 1985

[F1 262A Index of defined expressions. E+W+S

The following Table shows the provisions of this Part defining or otherwise explaining expressions used in this Part (other than expressions used only in the same section or paragraph)—

accounting reference date and accounting reference period	section 224
accounting standards and applicable accounting standards	section 256
F2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	F2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
annual accounts (generally)	section 262(1)
(includes notes to the accounts)	section 261(2)
annual report	section 262(1)
associated undertaking (in Schedule 4A)	paragraph 20 of that Schedule
[F3 auditable part (of a directors’ remuneration report)	section 235(5)]
balance sheet (includes notes)	section 261(2)
balance sheet date	section 262(1)
F4 . . .	F4 . . .
banking group	[F5 section 255A(4)]
F4 . . .	F4 . . .
capitalisation (in relation to work or costs)	section 262(1)
[F6 Companies Act accounts	Section 262(1)]
[F7 Companies Act group accounts	Sections 227(2) and 255A(6A)]
[F8 Companies Act individual accounts	Sections 226(2) and 255(4A)]
credit institution	section 262(1)
current assets	section 262(1)
[F9 directors' report	section 23]
F10 . . .”	F10 . . .
[F11 e-money issuer	section 262;]
fellow subsidiary undertaking	section 259(4)
[F12 financial fixed assets (in Schedule 9)]	[F12 paragraph 82 of Part I of that Schedule]
financial year	section 223
fixed assets	section 262(1)
[F13 “general business” (in Schedule 9A)	paragraph 81 of Part I of that Schedule]
group	section 262(1)
[F14 group accounts	Section 227(1)]
[F15 group directors' report	section 234]
F16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	F16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
group undertaking	section 259(5)
[F17 historical cost accounting rules]
[F17 - in Schedule 4]	[F17 paragraph 29 of that Schedule]
[F18 —in Schedule 8	paragraph 29 of that Schedule]
[F17 -in Schedule 9]	[F17 paragraph 39 of Part I of that Schedule]
[F19 —in Schedule 9A	paragraph 20(1) of Part I of that Schedule]
[F20 IAS accounts	Section 262(1)]
[F21 IAS group accounts	Section 227(2) and (3)]
[F22 IAS individual accounts	Section 226(2)]
[F23 IAS Regulation	Section 262(1)]
included in the consolidation and related expressions	section 262(1)
individual accounts	section 262(1)
insurance group	[F5 section 255A(5)]
[F24 international accounting standards	Section 262(1)]
F25 . . .	F25 . . .
land of freehold tenure and land of leasehold tenure (in relation to Scotland)— in Schedule 4	paragraph 93 of that Schedule
[F26 -in Schedule 9]	[F26 paragraph 86 of Part I of that Schedule]
[F27 —inSchedule 9A	paragraph 85 of Part I of that Schedule]
lease, long lease and short lease— in Schedule 4	paragraph 83 of that Schedule
[F26 - in Schedule 9]	[F26 paragraph 82 of Part I of that Schedule]
[F28 —in Schedule 9A	paragraph 81 of Part I of that Schedule]
listed investment—in Schedule 4	paragraph 84 of that Schedule
[F29 —in Schedule 8	paragraph 54 of that Schedule]
[F30 —in Schedule 9A	paragraph 81 of Part I of that Schedule]
[F12 listed security (in Schedule 9)]	[F12 paragraph 82 of Part I of that Schedule]
[F13 “long term business” (in Schedule 9A)	paragraph 81 of Part I of that Schedule]
[F13 “long term fund” (in Schedule 9A)	paragraph 81 of Part I of that Schedule]
[F31 “MiFID investment firm”	section 262(1)]
notes to the accounts	section 261(1)
F32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	F32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
parent undertaking (and parent company)	section 258 and Schedule 10A
participating interest	section 260
[F33 pension costs—in Schedule 4	F33 paragraph 94(2) of that Schedule]
[F33 —in Schedule 8	F33 paragraph 59(2) of that Schedule]
[F33 —in Schedule 9	F33 paragraph 87(b) of Part I of that Schedule]
[F33 —in Schedule 9A	F33 paragraph 86(b) of Part I of that Schedule]
period allowed for laying and delivering accounts and reports	section 244
[F13 “policy holder” (in Schedule 9A)	paragraph 81 of Part I of that Schedule]
profit and loss account(includes notes)	section 261(2)
[F34 (in relation to IAS accounts)	Section 262(1)]
(in relation to a company not trading for profit)	section 262(2)
[F13 “provision for unexpired risks” (in Schedule 9A)	paragraph 81 of Part I of that Schedule]
provision—in Schedule 4	paragraphs 88 and 89 of that Schedule
[F35 “—in Schedule 8	paragraphs 57 and 58 of that Schedule]
[F26 - in Schedule 9]	[F26 paragraph 85 of Part I of that Schedule]
[F36 —in Schedule 9A	paragraph 84 of Part I of that Schedule]
purchase price	section 262(1)
qualified	section 262(1)
[F37 quoted company	section 262(1)]
realised losses and realised profits	section 262(3)
[F38 “regulated activity”	sections 262 and 744]
[F12 repayable on demand (in Schedule 9)]	[F12 paragraph 82 of Part I of that Schedule]
[F39 reporting accountant	section 249C(1)]
F40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	F40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
reserve (in [F41 Schedule 9A])	paragraph 32 of that Schedule
[F12 saleand option to resell transaction (in Schedule 9)]	[F12 paragraph 82 of Part I of that Schedule]
[F12 sale and repurchase transaction (in Schedule 9)]	[F12 paragraph 82 of Part I of that Schedule]
shares	section 259(2)
[F17 social security costs]
[F17 -in Schedule 4]	[F17 paragraph 94(1) and (3) of that Schedule]
[F42 —in Schedule 8	paragraph 59(1) and (3) of that Schedule]
[F17 - in Schedule 9]	[F17 paragraph 87(a) and (c) of Part I of that Schedule]
[F43 —in Schedule 9A	paragraph 86(a) and (c) of Part I of that Schedule]
special provisions for banking and insurance companies and groups	sections 255 and 255A
subsidiary undertaking	section 258 and Schedule 10A
[F13 “the 1982 Act” (in Schedule 9A)	paragraph 81 of Part I of that Schedule]
[F44 true and fair view	Section 262(2A)]
turnover	section 262(1)
[F45 UCITS management company	section 262.]
undertaking and related expressions	section 259(1) to (3)]

Textual Amendments

F1 New ss. 259–262A inserted (subject to the saving and transitional provisions in S.I. 1990/355, arts. 6–9, Sch. 2) by Companies Act 1989 (c. 40, SIF 27), ss. 1, 22, 213(2) as part of the text inserted in place of ss. 221–262 (as mentioned in s. 1(a) of the 1989 Act)

F2 Words in s. 262A repealed (20.1.2007) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2006/3428, art. 7(b), Sch. 3 Pt. 1 (with arts. 6, 8, Sch. 5 (as amended by S.I. 2007/3495, art. 11, Sch. 5))

F3 S. 262A: entry inserted (1.8.2002) by The Directors' Remuneration Report Regulations 2002 (S.I. 2002/1986), reg. 10(12)

F4 Entries in s. 262A repealed (11.2.1994) by S.I. 1994/233, reg. 4(2) (with reg. 7)

F5 References in s. 262A substituted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(a).

F6 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F7 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F8 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F9 S. 262A: entry in table inserted (22.3.2005) by The Companies Act 1985 (Operating and Financial Review and Directors' Report etc.) Regulations 2005 (S.I. 2005/1011), reg. 19, Sch. para. 7

F10 Entry in s. 262A repealed (20.10.1997) by S.I. 1997/2306, reg. 4(4)

F11 S. 262A: entry relating to "e-money issuer" inserted (8.11.2006 with application as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (Small Companies' Accounts and Audit) Regulations 2006 (S.I. 2006/2782), reg. 6(4)

F12 S. 262A: entries inserted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(c).

F13 Entries in s. 262A inserted (19.12.1993) by S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(a)

F14 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F15 S. 262A: entry in table inserted (22.3.2005) by The Companies Act 1985 (Operating and Financial Review and Directors' Report etc.) Regulations 2005 (S.I. 2005/1011), reg. 19, Sch. para. 7

F16 S. 262A: entry in table omitted (12.1.2006) by virtue of The Companies Act 1985 (Operating and Financial Review) (Repeal) Regulations 2005 (S.I. 2005/3442), reg. 2(2)(a), Sch. 1 para. 16

F17 S. 262A: entries substituted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(d).

F18 S. 262A: words in entry relating to "historical cost accounting rules" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(a)

F19 Entry in s. 262A inserted (19.12.1993) by S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(b)

F20 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F21 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F22 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F23 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F24 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(2)

F25 S. 262A: entry for "ISD investment firm" omitted (1.11.2007 with effect for financial years ending on or after that date) by virtue of The Markets in Financial Instruments Directive (Consequential Amendments) Regulations 2007 (S.I. 2007/2932), regs. 1(2), 2(7)(a) (with reg. 8)

F26 Words in s. 262A inserted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(e).

F27 Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(c)

F28 Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(d)

F29 S. 262A: words in entry relating to "listed investment" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(b)

F30 Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(e)

F31 S. 262A: entry for "MiFID investment firm" inserted (1.11.2007 with effect for financial years ending on or after that date) by The Markets in Financial Instruments Directive (Consequential Amendments) Regulations 2007 (S.I. 2007/2932), regs. 1(2), 2(7)(b) (with reg. 8)

F32 S. 262A: entry in table omitted (12.1.2006) by virtue of The Companies Act 1985 (Operating and Financial Review) (Repeal) Regulations 2005 (S.I. 2005/3442), reg. 2(2)(a), Sch. 1 para. 16

F33 S. 262A: entry substituted (1.3.1997) by S.I. 1997/220, reg. 7(6)(c)

F34 Entry in s. 262A inserted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(3)

F35 S. 262A: words in entry relating to "provision" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(d)

F36 Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(g)

F37 S. 262A: entry inserted (1.8.2002) by The Directors' Remuneration Report Regulations 2002 (S.I. 2002/1986), reg. 10(12)

F38 S. 262A: entry in table inserted (5.9.2005 with application as mentioned in art. 1(2) of the amending S.I.) by The Companies Act 1985 (Investment Companies and Accounting and Audit Amendments) Regulations 2005 (S.I. 2005/2280), reg. 17(2)

F39 Entry in s. 262A inserted (11.8.1994) by S.I. 1994/1935, reg. 4, Sch. 1 Pt. I para. 3

F40 S. 262A: entry in table omitted (12.1.2006) by virtue of The Companies Act 1985 (Operating and Financial Review) (Repeal) Regulations 2005 (S.I. 2005/3442), reg. 2(2)(a), Sch. 1 para. 16

F41 Words in s. 262A substituted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(b).

F42 S. 262A: words in entry relating to "social security costs" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(e)

F43 Entry in s. 262A inserted (19.12.1993) by S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(h)

F44 Entry in s. 262A substituted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 3, Sch. 1 para. 21(4)

F45 S. 262A: definition of "UCITS management company" inserted (8.11.2006 with application as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (Small Companies' Accounts and Audit) Regulations 2006 (S.I. 2006/2782), reg. 6(4)