Companies (Accounting) Act 2017

Miscellaneous amendments of Principal Act consequential to insertion of Schedules

90. The Principal Act is amended—

(a) in section 120(3)(b), by the substitution of the following subparagraph for subparagraph (i):

“(i) where the company does not qualify for the micro companies regime and prepares Companies Act entity financial statements, in the note to the statements required by paragraph 24(2) of Schedule 3, or paragraph 24(2) of Schedule 3A, as the case may be; or”,

(b) in section 121(7), in the definition of “relevant item”, by the substitution of “Schedule 3, 3A or 3B, as the case may be” for “Schedule 3”,

(c) in section 123(5)(b), by the substitution of “paragraph 14(a) of Schedule 3, 3A or 3B and paragraph 37(3) of Schedule 3 or 3A, as the case may be” for “ paragraphs 14(a) and 37(3) of Schedule 3”,

(d) in section 238(8)(c)(i), by the substitution of “paragraph 80 of Schedule 3, paragraph 65 of Schedule 3A or paragraph 39 of Schedule 3B, as the case may be” for “paragraph 82 of Schedule 3”,

(e) in section 275(1), by the substitution—

(i) in the definition of “associated undertaking”, of “paragraph 21 of Schedule 4 or 4A, as the case may be” for “paragraph 20 of Schedule 4”, and

(ii) in the definition of “participating interest” by the substitution of “paragraph 23 of Schedule 4 or 4A as the case may be,” for “paragraph 22 of Schedule 4”,

(f) in section 1043(5)(a), by the substitution of “paragraph 80 of Schedule 3 or paragraph 65 of Schedule 3A, as the case may be” for “paragraph 82 of Schedule 3”, and

(g) in section 1083(8), by the substitution of “Schedule 3 or 3A, as the case may be” for “Schedule 3”.