Paragraph 33

(1)

There must also be stated—

(a)

the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and

(b)

its profit or loss for that year.

(2)

That information need not be given if—

(a)

the undertaking is not required by any provision of the 2006 Act to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in the United Kingdom or elsewhere, and

(b)

the holding of the group is less than 50% of the nominal value of the shares in the undertaking.

(3)

Information otherwise required by this paragraph need not be given if it is not material.

(4)

For the purposes of this paragraph the “relevant financial year” of an outside undertaking is—

(a)

if its financial year ends with that of the parent company, that year, and

(b)

if not, its financial year ending last before the end of the parent company's financial year.

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)