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The Companies (Northern Ireland) Order 1986

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F1F2F3F4Part VIIIN.I.Accounts and Audit

Chapter 1N.I.Provisions Applying to Companies Generally

[F5Accounting recordsN.I.

Duty to keep accounting recordsN.I.

229.  F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Where and for how long records to be keptN.I.

230.  F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F5A company's financial and accounting reference periodsN.I.

A company's financial yearN.I.

231.  F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accounting reference periods and accounting reference dateN.I.

232.  F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Alteration of accounting reference dateN.I.

233.  F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F11]

Annual accountsN.I.

Duty to prepare individual accountsN.I.

234.  F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Companies Order individual accountsN.I.

234A.  F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

IAS individual accountsN.I.

234B.  F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty to prepare group accountsN.I.

235.  F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Companies Order group accountsN.I.

235A.  F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

IAS group accountsN.I.

235B.  F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Consistency of accountsN.I.

235C.  F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exemption for parent companies included in accounts of larger groupN.I.

236.  F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exemption for parent companies included in non‐EEA group accountsN.I.

236A.  F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subsidiary undertakings included in the consolidationN.I.

237.  F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Treatment of individual profit and loss account where group accounts preparedN.I.

238.  F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Disclosure required in notes to accounts: related undertakingsN.I.

239.  F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Disclosure required in notes to annual accounts: particulars of staffN.I.

239A.  F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Disclosure required in notes to accounts: emoluments and other benefits of directors and othersN.I.

240 .F25  F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F25mod. SR 1994/133

Approval and signing of accountsN.I.

Approval and signing of accountsN.I.

241 .F27  F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F29DIRECTORS' REPORTN.I.

F29Arts. 242, 242ZZA, 242ZZB substituted for art. 242 (31.5.2005) by S.R. 2005/61, reg. 2

Duty to prepare directors' reportN.I.

242.  F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Directors' report: general requirementsN.I.

242ZZA.  F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Directors' report: business reviewN.I.

242ZZB.  F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.
F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of directors' reportN.I.

242A.  F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F5[F35[F36[F37F38. . . N.I.

Duty to prepare operating and financial reviewN.I.

242AA.  F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Approval and signing of operating and financial reviewN.I.

242AB.  F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F41Quoted companies: directors' remuneration reportN.I.

F41SR 2005/56

Duty to prepare directors' remuneration reportN.I.

242B.  F42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Approval and signing of directors' remuneration reportN.I.

242C.  F43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F44Auditors' reportN.I.

Auditors' reportN.I.

243.  F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signature of auditors' reportN.I.

244.  F46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duties of auditorsN.I.

245.  F47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F48[F49[F50[F51Publication of accounts and reportsN.I.

Persons entitled to receive copies of accounts and reportsN.I.

246.  F52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F52Art. 246 repealed (20.1.2007 for art. 246(4A)-(4E) and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2006/3428, art. 7(b), Sch. 3 Pt. 2 (with arts. 6, 8, Sch. 5)

[F53Time allowed for sending out copies of accounts and reportsN.I.

246A.  F54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F53[F55[F56Right to demand copies of accounts and reports]N.I.

[F53247.  F57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F58Requirements in connection with publication of accountsN.I.

248.  F59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]]]]

[F60Laying and delivering of accounts and reports]N.I.

shell centre redevAccounts and reports to be laid before company in general meetingN.I.

249.  F61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F61Art. 249 repealed (1.10.2007 for certain purposes and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/2194, arts. 1(3)(a), 8, Sch. 2 Pt. 2 (with art. 12)

Members' approval of directors' remuneration reportN.I.

249A.  F62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accounts and reports to be delivered to the registrarN.I.

250.  F63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Civil penalty for failure to deliver accountsN.I.

250A.  F64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F64Arts. 242ZA-259 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 2 (with arts. 7, 12) and art. 250A subject to amendments (6.4.2008) by S.R. 2008/133, {regs. 2, 3}

Delivery and publication of accounts in ECUsN.I.

250B.  F65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Art. 251 rep. by SR 2004/496

Period allowed for laying and delivering accounts and reportsN.I.

252.  F66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F67Revision of defective accounts and reportsN.I.

Voluntary revision of annual accounts or directors' reportN.I.

253.  F68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F69[F70Department's notice in respect of annual accountsN.I.

253A.  F71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application to court in respect of defective accountsN.I.

253B.  F72. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F73[F74Other persons authorised to apply to courtN.I.

253C.  F75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Disclosure of information held by Inland Revenue to persons authorised to apply to courtN.I.

253D  F76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F77Restrictions on use and further disclosure of information disclosed under Article 253DN.I.

253E  F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.

253F  F79. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]]]]]]]]]]]]

[F80CHAPTER II]N.I.[F80Exemptions, exceptions and special provisions]

[F81Small and medium‐sized companies and groups]N.I.

Special provisions for small companiesN.I.

254.  F82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Special provisions for medium‐sized companiesN.I.

254A.  F83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F83Art. 254A repealed (1.10.2007 for art. 254A(2A), otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2007/2194, arts. 1(3)(a), 8, Sch. 2 Pt. 2 (with art. 12)

[F81Qualification of company as small or medium‐sizedN.I.

255.  F84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cases in which special provisions do not applyN.I.

255A.  F85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Special auditors' reportN.I.

255B.  F86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exemption for small and medium‐sized groupsN.I.

256.  F87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Group accounts prepared by small companyN.I.

256A.  F88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qualification of group as small or medium‐sizedN.I.

257.  F89. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F90Exemptions from audit for certain categories of small company]N.I.

F90SR 1995/128

[F90Exemptions from auditN.I.

257A.  F91. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dormant CompaniesN.I.

257AA.  F92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cases where exemptions not availableN.I.

257B.  F93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The report required for the purposes of Article 257A(2)N.I.

257C.  F94. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The reporting accountantN.I.

257D.  F95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Effect of exemptionsN.I.

257E.  F96. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Art. 258 rep. by SR 2001/153]

[F97Listed public companies]N.I.

[F97Summary financial statementN.I.

259.  F98. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

F98Art. 259 repealed (20.1.2007 for art. 259(2A)-(2E) and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2006/3428, art. 7(b), Sch. 3 Pt. 2 (with arts. 6, 8, Sch. 5)

[F80Private companiesN.I.

Election to dispense with laying of accounts and reports before general meetingN.I.

260.  F99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right of shareholder to require laying of accountsN.I.

261.  F100. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F100Art. 261 repealed (20.1.2007 for art. 261(2A) and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2006/3428, art. 7(b), Sch. 3 Pt. 2 (with arts. 6, 8, Sch. 5)

Unlimited companiesN.I.

Exemption from requirement to deliver accounts and reportsN.I.

262.  F101. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F102Banking and insurance companies and groups]N.I.

F102SR 1992/258

[F102Special provisions for banking and insurance companiesN.I.

263.  F103. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Special provisions for banking and insurance groupsN.I.

263A.  F104. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Modification of disclosure requirements in relation to banking company or groupN.I.

263B.  F105. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Art. 263C rep. by SR 1994/428

[F106Power to apply provisions to banking partnershipsN.I.

263D.  F107. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]]]

[F108CHAPTER III]N.I.SUPPLEMENTARY PROVISIONS

[F109Accounting standards]N.I.

[F109Accounting standardsN.I.

264.  F110. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F108Power to alter accounting requirementsN.I.

Power of Department to alter accounting requirementsN.I.

265.  F111. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F108Parent and subsidiary undertakingsN.I.

Parent and subsidiary undertakingsN.I.

266.  F112. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F113Other interpretation provisions]N.I.

[F113Meaning of “undertaking” and related expressionsN.I.

267.  F114. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participating interestsN.I.

268.  F115. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notes to the accountsN.I.

269.  F116. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Minor definitionsN.I.

270.  F117. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F117Art. 270 repealed (20.1.2007 for the definition of "address" and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2006/3428, art. 7(b), Sch. 3 Pt. 2 (with arts. 6, 8, Sch. 5)

Index of defined expressionsN.I.

270A.  F118. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

F118Art. 270A repealed (20.1.2007 for the entry "address" and otherwise prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2006/3428, art. 7(b), Sch. 3 Pt. 2 (with arts. 6, 8, Sch. 5)

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