Section 399(2A)

A company is exempt from the requirement to prepare group accounts if— at the end of the financial year, the company— is subject to the small companies regime, or would be subject to the small companies regime but for being a public company, and is not a member of a group which, at any time during the financial year, has an undertaking falling within subsection (2B) as a member.

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Source: legislation.gov.uk · retrieved 2026-09-04