# The Railways (Licence Application) Regulations 1994, Regulation 6: Fee payable with applications


(1) Subject to paragraph (2), every application shall include the following documents—
(a) the most recent audited financial statements of the applicant (in this regulation referred to as the “audited accounts”);
(b) the audited financial statements of the applicant for the two financial years preceding that to which the audited accounts relate;
(c) an interim financial statement whether audited or not for the period or any part of the period from the end of the financial year in respect of which the audited accounts relate, up to the date of the application.
(2) Where the applicant is a subsidiary undertaking, the application shall include the following documents—
(a) the most recent audited group accounts (in this regulation referred to as “the latest audited group accounts”) in respect of the group of which the subsidiary undertaking forms part;
(b) the audited group accounts in respect of that group for the two financial years preceding that to which the latest audited group accounts relate;
(c) an interim financial statement for that group, whether audited or not, for the period or any part of the period from the end of the financial year in respect of which the audited group accounts relate to the date of the application.
(3) The audited accounts, the latest audited group accounts, the audited financial statements referred to in paragraph (1)(b) and the audited group accounts referred to in paragraph (2)(b) shall include any audited consolidated financial statements or accounts for the relevant periods.
(4) In this regulation—
“the 1985 Act” means the Companies Act 1985;
“group” has the meaning given by section 262 of the 1985 Act; the expression “group accounts” has the same meaning as it has in section 227 of the 1985 Act;
“subsidiary undertaking” has the meaning given by section 258 of the 1985 Act. Manner of publishing applications.

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Source: https://www.legislation.gov.uk/uksi/1994/572/regulation/6 (the official version)
Page: https://openlegislation.uk/railways-licence-application-regulations-1994/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.