The Companies (Revision of Defective Accounts and Report) Regulations 1990

Approval and signature of revised accounts or a revised report

4.—(1) Section 233 of the Act (approval and signing of accounts) shall apply to revised accounts, save that in the case of revision by supplementary note, it shall apply as if it required a signature on the supplementary note instead of on the company’s balance sheet.

(2) Where copies of the original annual accounts have been sent out to members under section 238(1) of the Act, laid before the company in general meeting under section 241(1) of the Act or delivered to the registrar under section 242(1) of the Act, the directors shall, before approving the revised accounts under section 233 of the Act, cause statements as to the following matters to be made in a prominent position in the revised accounts (in the case of a revision by supplementary note, in that note):

(a) in the case of revision by replacement:

(i) that the revised accounts replace the original annual accounts for the financial year (specifying it);

(ii) that they are now the statutory accounts of the company for that financial year;

(iii) that they have been prepared as at the date of the original annual accounts and not as at the date of revision and accordingly do not deal with events between those dates;

(iv) the respects in which the original annual accounts did not comply with the requirements of the Act; and

(v) any significant amendments made consequential upon the remedying of those defects;

(b) in the case of revision by a supplementary note:

(i) that the note revises in certain respects the original annual accounts of the company and is to be treated as forming part of those accounts; and

(ii) that the annual accounts have been revised as at the date of the original annual accounts and not as at the date of revision and accordingly do not deal with events between those dates,

and shall, when approving the revised accounts, cause the date on which the approval is given to be stated in them (in the case of revision by supplementary note, in that note); section 233(5) of the Act shall apply with respect to a failure to comply with this paragraph as if the requirements of this paragraph were requirements of the Act.