SCHEDULES

F1F1SCHEDULE 3

Annotations:
Amendments (Textual)

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.