C10C3C4C5C6Part 15Accounts and reports

Annotations:
Modifications etc. (not altering text)
C10

Pt. 15 applied (with modifications) (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), regs. 1(2), 162, 163 (with reg. 189)

C4

Pt. 15 applied (with modifications) (6.4.2008) by The Partnerships (Accounts) Regulations 2008 (S.I. 2008/569), regs. 4, 7, Sch. Pt. 1

C5

Pt. 15 applied (with modifications) (1.10.2009) by The Unregistered Companies Regulations 2009 (S.I. 2009/2436), regs. 3-5, Sch. 1 para. 16 (with transitional provisions and savings in regs. 7, 9, Sch. 2)

C2C8 Chapter 4Annual accounts

Annotations:
Modifications etc. (not altering text)
C8

Pt. 15 Ch. 4 applied (with modifications) (31.7.2015) by The European Grouping of Territorial Cooperation Regulations 2015 (S.I. 2015/1493), regs. 1(2), 7(1) (with reg. 11)

Information to be given in notes to the accounts

C7C1C9 410A F1Information about off-balance sheet arrangements

F21

If in any financial year—

a

a company is or has been party to arrangements that are not reflected in its balance sheet, and

b

at the balance sheet date the risks or benefits arising from those arrangements are material,

the information required by this section must be given in the notes to the company’s annual accounts.

2

The information required is—

a

the nature and business purpose of the arrangements, and

b

the financial impact of the arrangements on the company.

3

The information need only be given to the extent necessary for enabling the financial position of the company to be assessed.

F34

If the company is subject to the small companies regime in relation to the financial year (see section 381), it need not comply with subsection (2)(b).

5

This section applies in relation to group accounts as if the undertakings included in the consolidation were a single company.