Paragraph 28 Other significant holdings of parent company or group

(1)

The information required by paragraphs 29 and 30 must be given where at the end of the financial year the parent company has a significant holding in an undertaking which is not one of its subsidiary undertakings and does not fall within paragraph 26 (joint ventures) or paragraph 27 (associated undertakings).

(2)

A holding is significant for this purpose if—

(a)

it amounts to 20% or more of the nominal value of any class of shares in the undertaking, or

(b)

the amount of the holding (as stated or included in the company's individual accounts) exceeds 20% of the amount of its assets (as so stated).

Notes on Part 2

Modifications

C1: Sch. 6 Pt. 2 applied (with modifications) (E.W.S.) (with application in accordance with reg. 2(2) of the amending S.I.) by The Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912), regs. 2(1), 7(2), Sch. 4 Pt. 2 (with reg. 2(3)) (as amended (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 43)