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Paragraph 5 Summary balance sheet: companies not required to prepare group accounts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The summary financial statement shall contain, in the case of a company the directors of which are not required to prepare group accounts for the financial year, a summary balance sheet which shall show, in so far as they may be derived from the full balance sheet, the items, or combinations of items, set out in sub-paragraph (2) below, in the order set out in that sub-paragraph and under such headings as the directors consider appropriate.

(2)

The items, or combinations of items, referred to in sub-paragraph (1) above are as follows–

(a)

cash and balances at central [or post office] banks, treasury bills and other eligible bills:

  • the aggregate of items 1 and 2 under the heading “ASSETS”

(b)

loans and advances to banks:

  • item 3 under the heading “ASSETS”

(c)

loans and advances to customers:

  • item 4 under the heading “ASSETS”

(d)

debt securities [and other fixed income securities], equity shares [and other variable-yield securities], participating interests and shares in group undertakings:

  • the aggregate of items 5, 6, 7 and 8 under the heading “ASSETS”

(e)

intangible and tangible fixed assets:

  • the aggregate of items 9 and 10 under the heading “ASSETS”

(f)

called up capital not paid, own shares, other assets, prepayments and accrued income:

  • the aggregate of items 11 (or 14), 12, 13 and 15 under the heading “ASSETS”

(g)

total assets under the heading “ASSETS”

(h)

deposits by banks:

  • item 1 under the heading “LIABILITIES”

(i)

customer accounts:

  • item 2 under the heading “LIABILITIES”

(j)

debt securities in issue:

  • item 3 under the heading “LIABILITIES”

(k)

other liabilities, accruals and deferred income and provisions for liabilities and charges:

  • the aggregate of items 4, 5 and 6 under the heading “LIABILITIES”

(l)

subordinated liabilities:

  • item 7 under the heading “LIABILITIES”

(m)

called up share capital, share premium account, reserves, revaluation reserve and profit and loss account:

  • the aggregate of items 8, 9, 10, 11 and 12 under the heading “LIABILITIES”

(n)

total liabilities under the heading “LIABILITIES”

(o)

contingent liabilities:

  • item 1 under the heading “MEMORANDUM ITEMS”and

(p)

commitments:

  • item 2 under the heading “MEMORANDUM ITEMS”