399 Duty to prepare group accounts
Companies Act 2006 (2006 c 46) | Legislation

Group accounts: other companies

399  Duty to prepare group accounts

(1)     . . .

(2)     If at the end of a financial year [a company] is a parent company the directors, as well as preparing individual accounts for the year, must prepare group accounts for the year unless the company is exempt from that requirement.

[(2A)     A company is exempt from the requirement to prepare group accounts if—

(a)     at the end of the financial year,

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