The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012
1Citation and commencement
2Application
3Interpretation
4Small companies: conditions for exemption from audit
5In section 479 of the 2006 Act (availability of small...
6Subsidiary companies: conditions for exemption from audit
7After section 479 of the 2006 Act, insert— Exemption from...
8Dormant subsidiaries: conditions for exemption from preparation of individual accounts
9After section 394 of the 2006 Act, insert— Individual accounts:...
10Dormant subsidiaries: conditions for exemption from obligation to file accounts
11After section 448 of the 2006 Act insert— Dormant subsidiaries...
12Individual accounts: applicable accounting framework
13After section 395(4) insert— (4A) After a financial year in...
14In section 395(5) omit “following a relevant change of circumstance”....
15Group accounts: applicable accounting framework
16After section 403(5) insert— (5A) After a financial year in...
17In section 403(6) omit “following a relevant change of circumstance”....
18Meaning of “annual accounts”
19Subsidiary companies: conditions for exemption from audit, preparation and filing of accounts
20Amendments to the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008
21Amendment to the Registrar of Companies and Application for Striking Off Regulations 2009
22Amendment to the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009
23Amendments to the Unregistered Companies Regulations 2009

2012 No. 2301

Companies
Limited Liability Partnerships

The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012

Made

Laid before Parliament

Coming into force

The Secretary of State is designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to the creation, operation, regulation or dissolution of companies and other forms of business organisation, and in relation to auditors and the audit of accounts.

In exercise of the powers conferred by that section and sections 468, 473, 484, 1043, 1104(2)(a), 1105(2)(d), 1108(2)(b) and 1292(1)(c) of the Companies Act 20063 and sections 15 and 17 of the Limited Liability Partnerships Act 20004, the Secretary of State makes the following Regulations.