Please forgive what is probably a basic question to some. Not usually my thing, and I've not looked at them since my exams too many years ago.
If a small close company owns some shares in another small close company, at what point do group accounts needs preparing? When the first company has a controlling interest? Are dividends from the shares held just FII of the first company until that point?
Before anyone says it, no, I am not getting into something I don't know enough about!