# Companies Act 2006, Section 384B: Companies excluded from being treated as micro-entities

Extent: E+W+S+N.I.

(1) The micro-entity provisions do not apply in relation to a company’s accounts for a particular financial year if the company ... at any time within that year—
(a) was a company excluded from the small companies regime by virtue of section 384,
(b) would have been an investment undertaking as defined in Article 2(14) of Directive 2013/34/ EU of 26 June 2013 on the annual financial statements etc. of certain types of undertakings were the United Kingdom a member State,
(c) would have been a financial holding undertaking as defined in Article 2(15) of that Directive were the United Kingdom a member State,
(d) a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council, which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation,
(e) would have been an insurance undertaking as defined in Article 2(1) of Council Directive 91/674/EEC of 19 December 1991 on the annual accounts of insurance undertakings were the United Kingdom a member State, or
(f) was a charity.
(2) The micro-entity provisions also do not apply in relation to a company’s accounts for a financial year if —
(a) the company is a parent company which prepares group accounts for that year as permitted by section 399(4), or
(b) the company is not a parent company but its accounts are included in consolidated group accounts for that year.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/384B (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-384B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.