- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 No. 410
7.—(1) The information required by this paragraph must be given where at the end of the financial year the company is a member of a qualifying undertaking.
(2) There must be stated—
(a)the name and legal form of the undertaking, and
(b)the address of the undertaking’s registered office (whether in or outside the United Kingdom) or, if it does not have such an office, its head office (whether in or outside the United Kingdom).
(3) Where the undertaking is a qualifying partnership there must also be stated either—
(a)that a copy of the latest accounts of the undertaking has been or is to be appended to the copy of the company’s accounts sent to the registrar under section 444 of the 2006 Act, or
(b)the name of at least one body corporate (which may be the company) in whose group accounts the undertaking has been or is to be dealt with on a consolidated basis.
(4) Information otherwise required by sub-paragraph (2) need not be given if it is not material.
(5) Information otherwise required by sub-paragraph (3)(b) need not be given if the notes to the company’s accounts disclose that advantage has been taken of the exemption conferred by regulation 7 of the Partnerships and Unlimited Companies (Accounts) Regulations 1993(1).
(6) In this paragraph—
“dealt with on a consolidated basis”, “member” and “qualifying partnership” have the same meanings as in the Partnerships and Unlimited Companies (Accounts) Regulations 1993;
“qualifying undertaking” means—
a qualifying partnership, or
an unlimited company each of whose members is—
a limited company,
another unlimited company each of whose members is a limited company, or
a Scottish partnership each of whose members is a limited company,
and references in this paragraph to a limited company, another unlimited company or a Scottish partnership include a comparable undertaking incorporated in or formed under the law of a country or territory outside the United Kingdom.
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