Part 2Regulation of Social Housing
Chapter 4Registered providers
Accounts
129Companies exempt from audit
(1)
This section applies in relation to a registered provider which—
(a)
is a registered company other than a charity, and
(b)
is exempt from the audit requirements of the Companies Act 2006 (c. 46) by virtue of section 477 of that Act (small companies' exemption).
(2)
The directors of the company shall cause a report to be prepared in accordance with section 130 and made to the company's members in respect of the company's individual accounts for any year in which the company takes advantage of its exemption from audit.
(3)
“Individual accounts” has the same meaning as in section 396 of the Companies Act 2006.