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.