SCHEDULES

F1F1SCHEDULE 5

Annotations:
Amendments (Textual)

Part I Companies not Required to Prepare Group Accounts

F2 Significant holdings in undertakings other than subsidiary undertakings

Annotations:
Amendments (Textual)
F2

Sch. 5 substituted (subject to the transitional and saving provisions in S.I. 1990/355, arts 6–9, Sch. 2) by Companies Act 1989 (c. 40, SIF 27), ss. 6(2), 213(2), Sch. 3

9

1

F3. . . there shall also be stated—

a

the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and

b

its profit or loss for that year.

2

That information need not be given if—

a

the company is exempt by virtue of section 228 from the requirement to prepare group accounts (parent company included in accounts of larger group), and

b

the investment of the company in all undertakings in which it has such a holding as is mentioned in sub-paragraph (1) is shown, in aggregate, in the notes to the accounts by way of the equity method of valuation.

3

That information need not be given in respect of an undertaking if—

a

the undertaking is not required by any provision of this Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in Great Britain or elsewhere, and

b

the company’s holding is less than 50 per cent. of the nominal value of the shares in the undertaking.

4

Information otherwise required by this paragraph need not be given if it is not material.

5

For the purposes of this paragraph the “relevant financial year” of an undertaking is—

a

if its financial year ends with that of the company, that year, and

b

if not, its financial year ending last before the end of the company’s financial year.