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Is the UK company exempt from Audit

It has a larger subsidiary and possible as a group Audit is required.

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Non- EU parent with UK subsidiary.  UK Subsidiary (my client) is parent of a non-eu subsidiary

UK company is small but the non-eu subsidiary meets the definition of large company

I assume audit required  even if the UK company alone does not meet the audit thresholds  and is not trading ? 

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By paul.benny
02nd Aug 2019 15:27

s479 Companies Act
"A company is not entitled to the exemption conferred by section 477 (small companies) in respect of a financial year during any part of which it was a group company unless the group qualifies as a small group in relation to that financial year..."

So, yes, audit is required.

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