129Companies [F1or limited liability partnerships] exempt from auditE+W
(1)This section applies in relation to a registered provider which—
(a)is a registered company other than a charity [F2or is a limited liability partnership], and
(b)is exempt from the audit requirements of the Companies Act 2006 (c. 46) by virtue of section 477 of that Act (small companies' exemption).
(2)The directors of the company [F3or members of the limited liability partnership] shall cause a report to be prepared in accordance with section 130 and made to the [F4registered provider’s] members in respect of the [F4registered provider’s] individual accounts for any year in [F5which the registered provider] takes advantage of its exemption from audit.
(3)“Individual accounts” [F6means accounts prepared in accordance with] section 396 of the Companies Act 2006.
Textual Amendments
F1Words in s. 129 heading inserted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 12(2); S.I. 2024/437, reg. 2(w)(iii)
F2Words in s. 129(1)(a) inserted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 12(3); S.I. 2024/437, reg. 2(w)(iii)
F3Words in s. 129(2) inserted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 12(4)(a); S.I. 2024/437, reg. 2(w)(iii)
F4Words in s. 129(2) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 12(4)(b); S.I. 2024/437, reg. 2(w)(iii)
F5Words in s. 129(2) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 12(4)(c); S.I. 2024/437, reg. 2(w)(iii)
F6Words in s. 129(3) substituted (1.4.2024) by Social Housing (Regulation) Act 2023 (c. 36), s. 46(3), Sch. 1 para. 12(5); S.I. 2024/437, reg. 2(w)(iii)
Commencement Information
I1S. 129 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)