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The Companies (Northern Ireland) Order 1986 (revoked)

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F1F2F3F4Part VIIIF100N.I.Accounts and Audit

F1mod. SR 1994/133

F100Order repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16 and the repeal being partly in force, as to which see individual Articles (with savings (with adaptations) by Companies Act 2006 (Commencement No. 6, Saving and Commencement Nos. 3 and 5 (Amendment)) Order 2008 (S.I. 2008/674), arts. 2(3), {4}, Sch. 2) and subject to amendments (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1)(b)(2), Sch. 1 paras. 135, 147, 148 {Sch. 2 Note 1} (with arts. 6, 11, 12) and subject to amendments (6.4.2008) by S.R. 2008/133, {regs. 2, 3}

Chapter 1F100N.I.Provisions Applying to Companies Generally

Accounting recordsF100N.I.

Duty to keep accounting recordsN.I.

229.  F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

230.  F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A company's financial and accounting reference periodsF100N.I.

A company's financial yearN.I.

231.  F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accounting reference periods and accounting reference dateN.I.

232.  F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Alteration of accounting reference dateN.I.

233.  F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F10

F10mod. SR 1994/133

Annual accountsF100N.I.

Duty to prepare individual accountsN.I.

234.  F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Companies Order individual accountsN.I.

234A.  F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

IAS individual accountsN.I.

234B.  F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty to prepare group accountsN.I.

235.  F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Companies Order group accountsN.I.

235A.  F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

IAS group accountsN.I.

235B.  F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Consistency of accountsN.I.

235C.  F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

236.  F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

236A.  F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subsidiary undertakings included in the consolidationN.I.

237.  F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

238.  F21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

239.  F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

239A.  F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

240 .F24  F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F24mod. SR 1994/133

Approval and signing of accountsF100N.I.

Approval and signing of accountsN.I.

241 .F26  F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F26mod. SR 1994/133

DIRECTORS' REPORTF100N.I.

Duty to prepare directors' reportN.I.

242.  F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Directors' report: general requirementsN.I.

242ZZA.  F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Directors' report: business reviewN.I.

242ZZB.  F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Approval and signing of directors' reportN.I.

242A.  F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F33. . . F100N.I.

Duty to prepare operating and financial reviewN.I.

242AA.  F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Approval and signing of operating and financial reviewN.I.

242AB.  F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Quoted companies: directors' remuneration reportF100N.I.

Duty to prepare directors' remuneration reportN.I.

242B.  F36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Approval and signing of directors' remuneration reportN.I.

242C.  F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F38Auditors' report]F100N.I.

Auditors' reportN.I.

243.  F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signature of auditors' reportN.I.

244.  F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duties of auditorsN.I.

245.  F41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F42Publication of accounts and reports]F100N.I.

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

246.  F43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F43Art. 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)

Time allowed for sending out copies of accounts and reportsN.I.

246A.  F44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right to demand copies of accounts and reportsN.I.

247.  F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F45Art. 247 repealed (20.1.2007 for art. 247(2A)(2B) 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)

Requirements in connection with publication of accountsN.I.

248.  F46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F47Laying and delivering of accounts and reports]F100N.I.

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

249.  F48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F48Art. 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.  F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

250.  F50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Civil penalty for failure to deliver accountsN.I.

250A.  F51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F51Arts. 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.  F52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Art. 251 rep. by SR 2004/496

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

252.  F53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F54Revision of defective accounts and reports]F100N.I.

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

253.  F55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Department's notice in respect of annual accountsN.I.

253A.  F56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application to court in respect of defective accountsN.I.

253B.  F57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other persons authorised to apply to courtN.I.

253C.  F58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

253D  F59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

253E  F60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

253F  F61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F62CHAPTER II]F100N.I.[F62Exemptions, exceptions and special provisions]

[F63Small and medium‐sized companies and groups]F100N.I.

Special provisions for small companiesN.I.

254.  F64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Special provisions for medium‐sized companiesN.I.

254A.  F65. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F65Art. 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)

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

255.  F66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cases in which special provisions do not applyN.I.

255A.  F67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Special auditors' reportN.I.

255B.  F68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exemption for small and medium‐sized groupsN.I.

256.  F69. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Group accounts prepared by small companyN.I.

256A.  F70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

257.  F71. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F72Exemptions from audit for certain categories of small company]F100N.I.

F72SR 1995/128

Exemptions from auditN.I.

257A.  F73. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dormant CompaniesN.I.

257AA.  F74. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cases where exemptions not availableN.I.

257B.  F75. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

257C.  F76. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The reporting accountantN.I.

257D.  F77. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Effect of exemptionsN.I.

257E.  F78. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Art. 258 rep. by SR 2001/153

[F79Listed public companies]F100N.I.

Summary financial statementN.I.

259.  F80. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F80Art. 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)

Private companiesF100N.I.

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

260.  F81. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right of shareholder to require laying of accountsN.I.

261.  F82. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F82Art. 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 companiesF100N.I.

Exemption from requirement to deliver accounts and reportsN.I.

262.  F83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F84Banking and insurance companies and groups]F100N.I.

F84SR 1992/258

Special provisions for banking and insurance companiesN.I.

263.  F85. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Special provisions for banking and insurance groupsN.I.

263A.  F86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

263B.  F87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Art. 263C rep. by SR 1994/428

Power to apply provisions to banking partnershipsN.I.

263D.  F88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F89CHAPTER III]F100N.I.SUPPLEMENTARY PROVISIONS

[F90Accounting standards]F100N.I.

Accounting standardsN.I.

264.  F91. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Power to alter accounting requirementsF100N.I.

Power of Department to alter accounting requirementsN.I.

265.  F92. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Parent and subsidiary undertakingsF100N.I.

Parent and subsidiary undertakingsN.I.

266.  F93. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F94Other interpretation provisions]F100N.I.

Meaning of “undertaking” and related expressionsN.I.

267.  F95. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participating interestsN.I.

268.  F96. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notes to the accountsN.I.

269.  F97. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Minor definitionsN.I.

270.  F98. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F98Art. 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.  F99. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F99Art. 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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