Regulation 10 Requirements relating to financial years commencing prior to 23rd December 1989

(1)

In this regulation:

“the unamended 1985 Act” means the provisions of the Companies Act 1985 prior to any repeal, re-enactment or amendment of those provisions by the 1989 Act; and
“relevant financial year” means a financial year of a company commencing prior to 23rd December 1989;

and other expressions shall, unless the contrary appears, bear the meaning they have in Part VII of the unamended 1985 Act.

(2)

Regulations 4 to 9 above shall apply as if:

(a)

references to “full accounts and reports”were to a company’s accounts for a financial year within the meaning of section 239 of the unamended 1985 Act, and “full” in relation to any balance sheet, profit and loss account, group accounts or directors' report meant any such document comprised in the company’s accounts for a financial year;

(b)

references to:

(i)

Part VII of the 1985 Act were read as references to Part VII of the unamended 1985 Act;

(ii)

section 238(1) were read as references to section 240(1) of the unamended 1985 Act;

(iii)

section 239 were read as references to section 246 of the unamended 1985 Act;

(iv)

section 244 were read as references to section 242 of the unamended 1985 Act.

(3)

The summary financial statement of a listed public company for a financial year commencing prior to 23rd December 1989 shall be in the form, and contain the information, required by Schedule 4 to these Regulations so far as applicable to such a company.