F1F2F3F4Part VIIIAccounts and Audit
Chapter 1Provisions Applying to Companies Generally
Accounting records
Duty to keep accounting records229.
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Where and for how long records to be kept230.
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A company's financial and accounting reference periods
A company's financial year231.
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounting reference periods and accounting reference date232.
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Alteration of accounting reference date233.
Annual accounts
Duty to prepare individual accounts234.
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Companies Order individual accounts234A.
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IAS individual accounts234B.
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Duty to prepare group accounts235.
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Companies Order group accounts235A.
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IAS group accounts235B.
F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consistency of accounts235C.
F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exemption for parent companies included in accounts of larger group236.
F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exemption for parent companies included in non‐EEA group accounts236A.
F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subsidiary undertakings included in the consolidation237.
F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of individual profit and loss account where group accounts prepared238.
F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disclosure required in notes to accounts: related undertakings239.
F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disclosure required in notes to annual accounts: particulars of staff239A.
F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disclosure required in notes to accounts: emoluments and other benefits of directors and others240. F24
F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of accounts
Approval and signing of accounts241. F26
F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DIRECTORS' REPORT
Duty to prepare directors' report242.
F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Directors' report: general requirements242ZZA.
F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Directors' report: business review242ZZB.
F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of directors' report242A.
F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F33. . .
Duty to prepare operating and financial review242AA.
F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of operating and financial review242AB.
F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Quoted companies: directors' remuneration report
Duty to prepare directors' remuneration report242B.
F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of directors' remuneration report242C.
F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F38Auditors' report
Auditors' report243.
F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Signature of auditors' report244.
F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Duties of auditors245.
F41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F42Publication of accounts and reports
Persons entitled to receive copies of accounts and reports246.
F43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Time allowed for sending out copies of accounts and reports246A.
F44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Right to demand copies of accounts and reports247.
F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Requirements in connection with publication of accounts248.
F46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F47Laying and delivering of accounts and reports
shell centre redevAccounts and reports to be laid before company in general meeting249.
F48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Members' approval of directors' remuneration report249A.
F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounts and reports to be delivered to the registrar250.
F50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Civil penalty for failure to deliver accounts250A.
F51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Delivery and publication of accounts in ECUs250B.
F52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Art. 251 rep. by SR 2004/496
Period allowed for laying and delivering accounts and reports252.
F53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F54Revision of defective accounts and reports
Voluntary revision of annual accounts or directors' report253.
F55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Department's notice in respect of annual accounts253A.
F56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Application to court in respect of defective accounts253B.
F57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other persons authorised to apply to court253C.
F58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Disclosure of information held by Inland Revenue to persons authorised to apply to court253D
F59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Restrictions on use and further disclosure of information disclosed under Article 253D253E
F60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .253F
F61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F62CHAPTER IIF62Exemptions, exceptions and special provisions
F63Small and medium‐sized companies and groups
Special provisions for small companies254.
F64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Special provisions for medium‐sized companies254A.
F65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualification of company as small or medium‐sized255.
F66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cases in which special provisions do not apply255A.
F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Special auditors' report255B.
F68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exemption for small and medium‐sized groups256.
F69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Group accounts prepared by small company256A.
F70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Qualification of group as small or medium‐sized257.
F71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F72Exemptions from audit for certain categories of small company
Exemptions from audit257A.
F73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dormant Companies257AA.
F74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cases where exemptions not available257B.
F75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The report required for the purposes of Article 257A(2)257C.
F76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The reporting accountant257D.
F77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Effect of exemptions257E.
F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Art. 258 rep. by SR 2001/153
F79Listed public companies
Summary financial statement259.
F80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Private companies
Election to dispense with laying of accounts and reports before general meeting260.
F81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Right of shareholder to require laying of accounts261.
F82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unlimited companies
Exemption from requirement to deliver accounts and reports262.
F83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F84Banking and insurance companies and groups
Special provisions for banking and insurance companies263.
F85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Special provisions for banking and insurance groups263A.
F86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Modification of disclosure requirements in relation to banking company or group263B.
F87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Art. 263C rep. by SR 1994/428
Power to apply provisions to banking partnerships263D.
F88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F89CHAPTER IIISUPPLEMENTARY PROVISIONS
F90Accounting standards
Accounting standards264.
F91. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Power to alter accounting requirements
Power of Department to alter accounting requirements265.
F92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Parent and subsidiary undertakings
Parent and subsidiary undertakings266.
F93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F94Other interpretation provisions
Meaning of “undertaking” and related expressions267.
F95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Participating interests268.
F96. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes to the accounts269.
F97. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Minor definitions270.
F98. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Index of defined expressions270A.
F99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .