Amendments to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008I15
1
The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008 are amended as follows.
2
In Schedule 2 for sub-paragraph (6) of paragraph 8 and in Schedule 6 for sub-paragraph (6) of paragraph 34 substitute—
6
In sub-paragraph (1) “member”, in relation to a qualifying undertaking which is a qualifying partnership, has the same meaning as in the Partnerships (Accounts) Regulations 2008.
7
In this paragraph—
“dealt with on a consolidated basis” and “qualifying partnership” have the same meanings as in the Partnerships (Accounts) Regulations 2008;
“qualifying undertaking” means—
- a
a qualifying partnership, or
- b
an unlimited company each of whose members is—
- i
a limited company,
- ii
another unlimited company each of whose members is a limited company,
- iii
a Scottish partnership which is not a limited partnership, each of whose members is a limited company, or
- iv
a Scottish partnership which is a limited partnership, each of whose general partners is a limited company.
8
In sub-paragraph (7) the references to a limited company, another unlimited company, a Scottish partnership which is not a limited partnership or a Scottish partnership which is a limited partnership include a comparable undertaking incorporated in or formed under the law of a country or territory outside the United Kingdom.
9
In sub-paragraph (7) “general partner” means—
a
in relation to a Scottish partnership which is a limited partnership, a person who is a general partner within the meaning of the Limited Partnerships Act 1907, and
b
in relation to an undertaking incorporated in or formed under the law of any country or territory outside the United Kingdom and which is comparable to a Scottish partnership which is a limited partnership, a person comparable to such a general partner.
10
In sub-paragraphs (7), (8) and (9) “limited partnership” means a partnership registered under the Limited Partnerships Act 1907.