Share this content

Group Accounts Query

Group Accounts Query

I have a client with the following setup:


A Limited and B Limited have more than 2/3 of the small companies exemptions.My question is, does B Limited have to produce group accounts or just A Limited which includes B Limited and its subsidiaries (with B Limited accounted for as an associate)?





Please login or register to join the discussion.

13th May 2012 00:28

B Limited, possibly

B limited is the parent company of the group.  A Limited holds only 49% of B Limited, so B is not a subsidiary of A and A is not a parent company, so has no requirement to prepare group accounts.

B Limited is only required to prepare group accounts if its group does not qualify as small.

Thanks (0)
Share this content