Paragraph 53

England, Wales and Scotland

(1)

Subject to the following provisions of this paragraph, each of the amounts mentioned below shall be stated.

(2)

The amount of the interest on or any similar charges in respect of—

(a)

bank loans and overdrafts, F1. . .

(i)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ii)

. . .; and

(b)

loans of any other kind made to the company.

This sub-paragraph does not apply to interest or charges on loans to the company from F2group undertakings, but, with that exception, it applies to interest or charges on all loans, whether made on the security of debentures or not.

F3(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

Annotations

Textual amendments

F1: Words in Sch. 4 para. 53(2)(a) repealed (2.2.1996) by S.I. 1996/189, reg. 14(1), Sch. 1 para. 11(2) (with reg. 16)
F2: Words substituted by Companies Act 1989 (c. 40, SIF 27), ss. 4(2), 213(2), Sch. 1 para. 2(1) (subject to the transitional and saving provisions in S.I. 1990/355, arts. 6–9, Sch. 2)
F3: Sch. 4 para. 53(3)-(6) repealed (2.2.1996) by S.I. 1996/189, reg. 14(1) Sch. 1 para. 11(3) (with reg. 16)
F4: Sch. 4 Pt. III para. 53(7) repealed (subject to the transitional and saving provisions mentioned in S.I. 1990/355, art. 5) by Companies Act 1989 (c. 40, SIF 27), ss. 212, 213, Sch. 24

Notes on Schedule 4

Textual amendments

F1: Sch. 4 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)