A charitable company I have some connection with has just filed it's first set of accounts - taking micro entity exemptions.
Section 10.2 seems to indicate this is not allowed?
To give a little more detail:
Incorporated October 2015, first accounts to October 2016 just filed now.
Registered with the Charity commission from January 2016 as a charity.
Commenced formal charitable activities in late December 2016 (after first year end).
I'm struggling to see why they would be able to file micro entity accounts (Companies House - chocolate teapot when it comes checking these things) which they've done electronically.
Is it because they weren't 'active' until after the first year end perhaps? Or a genuine mistake by the accountants?