Part 15Accounts and reports
Chapter 12Supplementary provisions
Other supplementary provisions
F1469Preparation and filing of accounts in euros
(1)
The amounts set out in the annual accounts of a company may also be shown in the same accounts translated into euros.
(2)
When complying with section 441 (duty to file accounts and reports), the directors of a company may deliver to the registrar an additional copy of the company's annual accounts in which the amounts have been translated into euros.
(3)
In both cases—
(a)
the amounts must have been translated at the exchange rate prevailing on the date to which the balance sheet is made up, and
(b)
that rate must be disclosed in the notes to the accounts.
F2(3A)
Subsection (3)(b) does not apply to the Companies Act individual accounts of a company for a financial year in which the company qualifies as a micro-entity (see sections 384A and 384B).
(4)
For the purposes of sections 434 and 435 (requirements in connection with published accounts) any additional copy of the company's annual accounts delivered to the registrar under subsection (2) above shall be treated as statutory accounts of the company.
In the case of such a copy, references in those sections to the auditor's report on the company's annual accounts shall be read as references to the auditor's report on the annual accounts of which it is a copy.