Companies (Accounting) Act 2017

Amendment of section 294 of Principal Act

20. Section 294 of the Principal Act is amended—

(a) in subsection (3)—

(i) by the substitution, in paragraph (a), of “in the case of a holding company not qualifying for the small companies regime, the provisions of Schedule 4” for “the provisions of Schedule 4”, and

(ii) by the insertion of the following paragraph after paragraph (a):

“(aa) in the case of a holding company that qualifies for the small companies regime, the provisions of Schedule 4A or, if the company so elects, the provisions of Schedule 4”,

(b) by the substitution, in subsection (4), of “Schedule 4 or 4A, as the case may be,” for “Schedule 4”, and

(c) by the insertion of the following subsection after subsection (3):

“(3A) Companies Act group financial statements shall state the following:

(a) the name and legal form of the holding company;

(b) the place of registration of the holding company and the number under which it is registered;

(c) the address of its registered office;

(d) where the holding company is being wound up, the information required by section 595.”.