Audit requirement
Co A directors X & Y, between the various share classes own all shares between them T/over =3.5m B/sheet net assets = 500k
A Note in the accounts shows an amount, owed by group undertakings [ debtor 300k]
Accounts are unaudited, & prepared by a top 20 firm
Co A files own CT tax return
Directors X& Y have several other joint businesses...... and X has additional outside director + shareholder interests
Not sure how to put a Group together if applicable ?
Should Co A in fact be audited, as part of a group, note was a bit of a giveaway surely ? & what are current audit requirements in these circumstances?
If the group is small, there