SCHEDULES
SCHEDULE 6 [Schedule 8 to the Companies Act 1985]
Exemptions for Small and Medium-sized Companies
Part III Supplementary Provisions
Statement that advantage taken of exemptions
7
1
Where the directors of a company take advantage of the exemptions conferred by Part I or Part II of this Schedule, the company’s balance sheet shall contain—
a
a statement that advantage is taken of the exemptions conferred by Part I or, as the case may be, Part II of this Schedule, and
b
a statement of the grounds on which, in the directors’ opinion, the company is entitled to those exemptions.
2
The statements shall appear in the balance sheet immediately above the signature required by section 233.