Modifications etc. (not altering text)
C1Pt. VII (ss. 221–262) applied with modifications by S.I. 1985/680, regs. 4–6, Sch.
C2Part VII (ss. 221-262) continued by S.I. 1990/355, arts. 6, 7, Sch. 2 para. 13(1)(a)
C3Part VII (ss. 221-262) amended by S.I. 1990/355, arts. 6, 7, Sch. 2 para. 1(2)(5)
C4Part VII (ss. 221-262) extended by S.I. 1990/355, arts. 6, 7, Sch. 2 para. 1(3)(5)
C5Part VII (ss. 221-262) modified by S.I. 1990/355, arts. 6, 7, Sch. 2 paras. 1(4)(5), 3(2)(3)
C6Part VII (ss. 221-262) excluded by S.I. 1990/355, arts. 6, 7, Sch. 2 para. 3(1)(3)
C7Part VII (ss. 221-262) restricted by S.I. 1990/355, arts. 6, 7, Sch. 2 para. 13(1)(b)
Pt. VII (ss. 221-262) applied (with modifications) (21.7.1993) by S.I. 1993/1820, reg. 4, Sch. paras.1, 2 (as amended (1.10.2005) by S.I. 2005/1987, reg. 3)
Pt. VII (ss. 221-262) applied (with modifications) (6.4.2001) by S.I. 2001/1090, reg. 3, Sch. 1 (as amended (4.3.2004) by S.I. 2004/355, art. 8, (1.10.2005) by S.I. 2005/1989, reg. 2, Sch. 1 and (12.1.2006) by S.I. 2005/3442, reg. 2(2)(b), Sch. 2 para. 3(1))
C8Pt. 7 (ss. 221-262) modified (1.8.2007) by The European Grouping of Territorial Cooperation Regulations 2007 (S.I. 2007/1949), regs. 6, 7, Sch. Pt. 1
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 “address” | F2section 2 62(1)] |
| 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 |
| [F3auditable 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 | [F5section 255A(4)] |
| F4. . . | F4. . . |
| capitalisation (in relation to work or costs) | section 262(1) |
| credit institution | section 262(1) |
| current assets | section 262(1) |
| F6. . .” | F6. . . |
| fellow subsidiary undertaking | section 259(4) |
| [F7financial fixed assets (in Schedule 9)] | [F7paragraph 82 of Part I of that Schedule] |
| financial year | section 223 |
| fixed assets | section 262(1) |
| [F8 “general business” (in Schedule 9A) | paragraph 81 of Part I of that Schedule] |
| group | section 262(1) |
| group undertaking | section 259(5) |
| [F9historical cost accounting rules] | |
| [F9- in Schedule 4] | [F9paragraph 29 of that Schedule] |
| [F10—in Schedule 8 | paragraph 29 of that Schedule] |
| [F9-in Schedule 9] | [F9paragraph 39 of Part I of that Schedule] |
| [F11—in Schedule 9A | paragraph 20(1) of Part I of that Schedule] |
| included in the consolidation and related expressions | section 262(1) |
| individual accounts | section 262(1) |
| insurance group | [F5section 255A(5)] |
| land of freehold tenure and land of leasehold tenure (in relation to Scotland)— in Schedule 4 | paragraph 93 of that Schedule |
| [F12-in Schedule 9] | [F12paragraph 86 of Part I of that Schedule] |
| [F13—inSchedule 9A | paragraph 85 of Part I of that Schedule] |
| lease, long lease and short lease— in Schedule 4 | paragraph 83 of that Schedule |
| [F12- in Schedule 9] | [F12paragraph 82 of Part I of that Schedule] |
| [F14—inSchedule 9A | paragraph 81 of Part I of that Schedule] |
| listed investment—in Schedule 4 | paragraph 84 of that Schedule |
| [F15—in Schedule 8 | paragraph 54 of that Schedule] |
| [F16—in Schedule 9A | paragraph 81 of Part I of that Schedule] |
| [F7listed security (in Schedule 9)] | [F7paragraph 82 of Part I of that Schedule] |
| [F8 “long term business” (in Schedule 9A) | paragraph 81 of Part I of that Schedule] |
| [F8 “long term fund” (in Schedule 9A) | paragraph 81 of Part I of that Schedule] |
| notes to the accounts | section 261(1) |
| parent undertaking (and parent company) | section 258 and Schedule 10A |
| participating interest | section 260 |
| [F17pension costs—in Schedule 4 | F17paragraph 94(2) of that Schedule] |
| [F17—in Schedule 8 | F17paragraph 59(2) of that Schedule] |
| [F17—in Schedule 9 | F17paragraph 87(b) of Part I of that Schedule] |
| [F17—in Schedule 9A | F17paragraph 86(b) of Part I of that Schedule] |
| period allowed for laying and delivering accounts and reports | section 244 |
| [F8 “policy holder” (in Schedule 9A) | paragraph 81 of Part I of that Schedule] |
| profit and loss account(includes notes) | section 261(2) |
| (in relation to a company not trading for profit) | section 262(2) |
| [F8 “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 |
| [F18“—in Schedule 8 | paragraphs 57 and 58 of that Schedule] |
| [F12- in Schedule 9] | [F12paragraph 85 of Part I of that Schedule] |
| [F19—in Schedule 9A | paragraph 84 of Part I of that Schedule] |
| purchase price | section 262(1) |
| qualified | section 262(1) |
| [F20quoted company | section 262(1)] |
| realised losses and realised profits | section 262(3) |
| [F7repayable on demand (in Schedule 9)] | [F7paragraph 82 of Part I of that Schedule] |
| [F21reporting accountant | section 249C(1)] |
| reserve (in [F22Schedule 9A]) | paragraph 32 of that Schedule |
| [F7saleand option to resell transaction (in Schedule 9)] | [F7paragraph 82 of Part I of that Schedule] |
| [F7sale and repurchase transaction (in Schedule 9)] | [F7paragraph 82 of Part I of that Schedule] |
| shares | section 259(2) |
| [F9social security costs] | |
| [F9-in Schedule 4] | [F9paragraph 94(1) and (3) of that Schedule] |
| [F23—in Schedule 8 | paragraph 59(1) and (3) of that Schedule] |
| [F9- in Schedule 9] | [F9paragraph 87(a) and (c) of Part I of that Schedule] |
| [F24—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 |
| [F8 “the 1982 Act” (in Schedule 9A) | paragraph 81 of Part I of that Schedule] |
| true and fair view | section 262(1) |
| turnover | section 262(1) |
| undertaking and related expressions | section 259(1) to (3)] |
Textual Amendments
F1New 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)
F2S. 262A: entry inserted (22.12.2000) by S.I. 2000/3373, art. 16(2)
F3S. 262A: entry inserted (1.8.2002) by The Directors' Remuneration Report Regulations 2002 (S.I. 2002/1986), reg. 10(12)
F4Entries in s. 262A repealed (11.2.1994) by S.I. 1994/233, reg. 4(2) (with reg. 7)
F5References in s. 262A substituted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(a).
F6Entry in s. 262A repealed (20.10.1997) by S.I. 1997/2306, reg. 4(4)
F7S. 262A: entries inserted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(c).
F8Entries in s. 262A inserted (19.12.1993) by S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(a)
F9S. 262A: entries substituted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(d).
F10S. 262A: words in entry relating to "historical cost accounting rules" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(a)
F11Entry in s. 262A inserted (19.12.1993) by S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(b)
F12Words in s. 262A inserted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(e).
F13Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(c)
F14Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(d)
F15S. 262A: words in entry relating to "listed investment" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(b)
F16Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(e)
F17S. 262A: entry substituted (1.3.1997) by S.I. 1997/220, reg. 7(6)(c)
F18S. 262A: words in entry relating to "provision" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(d)
F19Entry in s. 262A substituted (19.12.1993) by virtue of S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(g)
F20S. 262A: entry inserted (1.8.2002) by The Directors' Remuneration Report Regulations 2002 (S.I. 2002/1986), reg. 10(12)
F21Entry in s. 262A inserted (11.8.1994) by S.I. 1994/1935, reg. 4, Sch. 1 Pt. I para. 3
F22Words in s. 262A substituted (2.12.1991) by S.I. 1991/2705, regs. 6, 9, Sch. 2 para. 3(b).
F23S. 262A: words in entry relating to "social security costs" inserted (1.3.1997) by S.I. 1997/220, reg. 7(6)(e)
F24Entry in s. 262A inserted (19.12.1993) by S.I. 1993/3246, regs. 5(1), 6, 7, Sch. 2 para. 5(h)