I have a client which is 50:50 owned by 2 un-related directors and equally controlled on a day to day basis. These same two directors also 50:50 own a couple of other companies. There has been arms length trading between some of these companies during the year. Do I need to disclose this trading between the companies under related party rules under FRS102? Assuming it is significant influence rather than control.
4th Aug 2021
Related party dislosure FRS102
Related party dislosure FRS102 for 50:50 owned companies
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