Simple question but my mind has gone blank.... Company A owned by Mr A. Company B is owned 50% by Mrs A and Mr A is director.
Do I need to disclose the intercompany transactions in the notes to the accounts?
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Yes
Company B is jointly controlled by a close family member of a person who controls Company A, so the transactions are disclosable in A. Company B also has to disclose because a director controls Company A.
FRSSE?
The above answer assumes you're using FRS8. If you're on the FRSE, it's different. There, in A, disclosure would be required only if Mr A exercised significant influence over Company B (which he probably does,but that is rebuttable).