SCHEDULES
SCHEDULE 3 [Schedule 5 to the Companies Act 1985]Disclosure of Information: Related Undertakings
Part I Companies not Required to Prepare Group Accounts
Significant holdings in undertakings other than subsidiary undertakings
7
(1)
The information required by paragraphs 8 and 9 shall be given where at the end of the financial year the company has a significant holding in an undertaking which is not a subsidiary undertaking of the company.
(2)
A holding is significant for this purpose if—
(a)
it amounts to 10 per cent. or more of the nominal value of any class of shares in the undertaking, or
(b)
the amount of the holding (as stated or included in the company’s accounts) exceeds one-tenth of the amount (as so stated) of the company’s assets.