The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008

General rules U.K.

1.—(1) Subject to [F1 the following provisions of this Schedule], group accounts must comply so far as practicable with the provisions of Schedule 1 to these Regulations (Companies Act individual accounts) as if the undertakings included in the consolidation (“the group”) were a single company.

[F2 (1A) Paragraph 1A of Schedule 1 to these Regulations does not apply to group accounts.]

(2) For item B.III in each balance sheet format set out in [F3 Section B of Part 1 of ] that Schedule substitute—

“B.	III.	Investments
			1.	Shares in group undertakings
			2.	Interests in associated undertakings
			3.	Other participating interests
			4.	Loans to group undertakings and undertakings in which a participating interest is held
			5.	Other investments other than loans
			6.	Others”.

(3) In the profit and loss account formats [F4 in Section B of Part 1 of that Schedule] replace the items headed “Income from participating interests”, that is—

(a) in Format 1, item 8, [F5 and]

(b) in Format 2, item 10,

F6 (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

by two items: “Income from interests in associated undertakings” and “Income from other participating interests”.

Textual Amendments

F1 Words in Sch. 6 para. 1(1) substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 22(2) (with reg. 3)

F2 Sch. 6 para. 1(1A) inserted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 22(3) (with reg. 3)

F3 Words in Sch. 6 para. 1(2) inserted (with effect in accordance with reg. 2(2) of the amending S.I.) by The Small Companies (Micro-Entities Accounts) Regulations 2013 (S.I. 2013/3008), regs. 2(1), 12(a)(i) (with reg. 3)

F4 Words in Sch. 6 para. 1(3) inserted (with effect in accordance with reg. 2(2) of the amending S.I.) by The Small Companies (Micro-Entities Accounts) Regulations 2013 (S.I. 2013/3008), regs. 2(1), 12(a)(ii) (with reg. 3)

F5 Word in Sch. 6 para. 1(3)(a) inserted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 22(4)(a) (with reg. 3)

F6 Sch. 6 para. 1(3)(c)(d) omitted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by virtue of The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (S.I. 2015/980), regs. 2(1), 22(4)(b) (with reg. 3)