Companies (1986 Order) (Miscellaneous Accounting Amendments) Regulations (Northern Ireland) 1997

Minor and consequential amendments

14.—(1) In Article 239 of the 1986 Order (disclosure required in notes to accounts: related undertakings)(1) the words “5(2)” in paragraph (3), and the words from “This paragraph” to the end in paragraph (5), are hereby repealed.

(2) In Article 263A(6)(b) of the 1986 Order (modifications of references in Article 238(2) to Schedule 4 where Schedule 9 or 9A apply)(2) for “paragraphs 74 to 77” substitute “paragraphs 75 to 77”.

(3) In paragraph 1(2) of Schedule 7 to the 1986 Order (statement of market value of fixed assets where substantially different from balance sheet amount) for “such of those assets” substitute “such of the fixed assets of the company or of any of its subsidiary undertakings”.

(4) In Schedule 8 to the 1986 Order (exemptions for small and medium-sized companies)(3)—

(a) in paragraph 15—

(i) for sub-paragraph (b) substitute—

“(b) paragraph 1(2) of Schedule 7 (statement of market value of fixed assets where substantially different from balance sheet amount)”, and

(ii) omit sub-paragraphs (c) and (e);

(b) in paragraph 23(2) for the words from “immediately above the signature” to the end substitute “above the signature required by Article 241”; and

(c) in paragraph 26(3) for “paragraph 8” substitute “paragraph 24”.

(1)

Article 239 was inserted into the 1986 Order by Article 8(1) of the Companies (Northern Ireland) Order 1990 in place of an existing Article of that number, and was subsequently amended by regulation 11(1) of S.R. 1994 No. 133

(2)

Article 263A was inserted into the 1986 Order by Article 20(1) of the Companies (Northern Ireland) Order 1990. It was subsequently substituted by regulation 3 of S.R. 1992 No. 258, and amended by regulation 4 of S.R. 1993 No. 199 and by regulation 3 of S.R. 1994 No. 428

(3)

Schedule 8 was substituted by Article 15(2) of, and Schedule 6 to, the Companies (Northern Ireland) Order 1990 and amended by regulation 3(3) of, and the Schedule to, S.R. 1992 No. 503, and by regulation 4 of, and paragraph 5 of Schedule 1 to, S.R. 1995 No. 128