Companies Act 1985

226 Consequence of giving notice under s. 225

(1) Where a company has given notice with effect in accordance with section 225, and that notice has not been superseded by a subsequent notice by the company which has such effect, the new date specified in the notice is the company's accounting reference date, in substitution for that which, by virtue of section 224 or this section, was its accounting reference date at the time when the notice was given.

(2) Where by virtue of such a notice one date is substituted for another as the accounting reference date of a company—

(a) the current or previous accounting reference period, shortened or extended (as the case may be) in accordance with the notice, and

(b) each successive period of 12 months beginning after the end of that accounting reference period (as so shortened or extended) and ending with the new accounting reference date,

is or (as the case may require) is to be treated as having been an accounting reference period of the company, instead of any period which would be an accounting reference period of the company if the notice had not been given.

(3) Section 225 and this section do not affect any accounting reference period of the company which—

(a) in the case of a notice under section 225(1), is earlier than the current accounting reference period, or

(b) in the case of a notice under section 225(2), is earlier than the previous accounting reference period.