Part VII Accounts and Audit
Chapter I Provisions Applying to Companies Generally
Accounting records
221 Duty to keep accounting records.
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
222 Where and for how long records to be kept.
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A company’s financial year and accounting reference periods
223 A company’s financial year.
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
224 Accounting reference periods and accounting reference date.
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
225 Alteration of accounting reference date.
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annual accounts
226 Duty to prepare individual accounts.
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
226ACompanies Act individual accounts
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
226BIAS individual accounts
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
227 Duty to prepare group accounts.
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
227ACompanies Act group accounts
F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
227BIAS group accounts
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
227CConsistency of accounts
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
228 Exemption for parent companies included in accounts of larger group.
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
228AExemption for parent companies included in non-EEA group accounts
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
229 Subsidiary undertakings included in the consolidation.
F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
230 Treatment of individual profit and loss account where group accounts prepared.
F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
231 Disclosure required in notes to accounts:related undertakings.
F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
231ADisclosure required in notes to annual accounts: particulars of staff
F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
232 Disclosure required in notes to accounts: emoluments and other benefits of directors and others.
F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Approval and signing of accounts
233 Approval and signing of accounts
F20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F21Directors' report
234 Duty to prepare directors' report.
F22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234ZZADirectors' report: general requirements
F23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234ZZBDirectors' report: business review
F24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234ZAStatement as to disclosure of information to auditors
F25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234A Approval and signing of directors’ report.
F26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234AADuty to prepare operating and financial review
F28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234ABApproval and signing of operating and financial review
F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Quoted companies: directors’ remuneration report
234BDuty to prepare directors’ remuneration report
F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
234CApproval and signing of directors’ remuneration report
F31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Auditors’ report
235 Auditors’ report.
F32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
236 Signature of auditors’ report.
F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
237 Duties of auditors.
F34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Publication of accounts and reports
238 Persons entitled to receive copies of accounts and reports.
F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F36238ATime allowed for sending out copies of accounts and reports
F37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
239 Rights to demand copies of accounts and reports.
F38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
240 Requirements in connection with publication of accounts.
F39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Laying and delivering of accounts and reports
241 Accounts and reports to be laid before company in general meeting.
F40. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
241AMembers’ approval of directors’ remuneration report
F41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
242 Accounts and reports to be delivered to the registrar.
F42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
242A Civil penalty for failure to deliver accounts.
F43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
242B Delivery and publication of accounts in ECUs
F44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
243 Accounts of subsidiary undertakings to be appended in certain cases.
F45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
244 Period allowed for laying and delivering accounts and reports.
F46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Revision of defective accounts and reports
245 Voluntary revision of annual accounts or directors’ report.
F47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245A Secretary of State’s notice in respect of annual accounts.
F48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245B Application to court in respect of defective accounts.
F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245C Other persons authorised to apply to court.
F50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245DDisclosure of information held by Inland Revenue to persons authorised to apply to court
F51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245ERestrictions on use and further disclosure of information disclosed under section 245D
F52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245FPower of authorised persons to require documents, information and explanations
F53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
245GRestrictions on further disclosure of information obtained under section 245F
F54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .