I have read this and want to check whether it is true. Limited companies that are 'small' as defined by the Companies Act, do not have to file audited accounts. Although it may be advisable, it is not mandatory. 'Small' is defined as less than £6,500,000 turnover, 50 employees, net worth less than £3,260,000. Is this true?
If a small company has a holding company, and the holding company is non trading, could the trading 'small company' voluntarily prepare audited accounts, but the holding company not prepare audited accounts?