Section 129 Companies or limited liability partnerships exempt from auditF6 I1

(1)

This section applies in relation to a registered provider which—

(a)

is a registered company other than a charity F1or 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 F2or members of the limited liability partnership shall cause a report to be prepared in accordance with section 130 and made to the F3registered provider’s members in respect of the registered provider’s individual accounts for any year in F4which the registered provider takes advantage of its exemption from audit.

(3)

“Individual accounts” F5means accounts prepared in accordance with section 396 of the Companies Act 2006.

Annotations

Textual amendments

F1: Words 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)
F2: Words 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)
F3: Words 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)
F4: Words 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)
F5: Words 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)
F6: Words 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)

Commencement

I1: S. 129 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)

Notes on Part 2

Modifications

C1: Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)

Section 129 Companies or limited liability partnerships exempt from auditF6I1