SCHEDULES
SCHEDULE 11F1Modifications of Part VIII Where Company’s Accounts Prepared in Accordance with Special Provisions for Banking or Insurance Companies
F2Modifications where accounts prepared in accordance with special provisions for insurance companies
Heading inserted (2.12.1991) by S.I. 1991/2705, regs. 7, 9, Sch. 3 para. 1(3).
F37
Section 264 applies as if in subsection (2) for the words following “the aggregate of its liabilities” there were substituted “(“liabilities” to include any provision within the meaning of F4Part I of F5Schedule 9A, except to the extent that that provision is taken into account in calculating the value of any asset of the company)”.
F68
Section 265 applies as if—
a
for subsection (2) there were substituted—
b
there were added at the end of the section—
7
In determining capital and revenue profits and losses, an asset which is not a fixed asset or a current asset is treated as a fixed asset
F99
Section 269 does not apply.
F1010
Section 270 applies as if—
a
b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13
F1411
Section 271 applies as if—
a
b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F18
F19X112
Sections 272 and 273 apply as if in section 272(3)—
a
F24X213
Section 275 applies as if—
a
for subsection (1) there were substituted—
1
For purposes of section 263, any provision (within the meaning of F25Part I of F26Schedule 9A), other than one in respect of any diminution of value of a fixed asset appearing on a revaluation of all the fixed assets of the company, or of all its fixed assets other than goodwill, is to be treated as a realised loss
b
“fixed assets” were defined to include any other asset which is not a current asset.
Sch. 11 : heading substituted (subject to the transitional and savings provisions in S.I. 1990/355, arts. 6–9, Sch. 3 para. 1) by Companies Act 1989 (c. 40, SIF 27), ss. 23, 213(2), Sch. 10 para. 21(2)