Section 471

In this Part a company's “annual accounts”, in relation to a financial year, means— any individual accounts prepared by the company for that year (see section 394), and any group accounts prepared by the company for that year (see section 399). This is subject to section 408 (option to omit individual profit and loss account from annual accounts where information given in notes to the individual balance sheet). In the case of an unquoted company, its “annual accounts and reports” for a financial year are— its annual accounts, the strategic report (if any), . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the directors' report, and the auditor's report on those accounts, the strategic report (where this is covered by the auditor’s report) and the directors' report (unless the company is exempt from audit). In the case of a quoted company, its “annual accounts and reports” for a financial year are— its annual accounts, the directors' remuneration report, the strategic report (if any), the directors' report, and the auditor's report on those accounts, on the auditable part of the directors' remuneration report, on the strategic report (where this is covered by the auditor’s report) and on the directors' report.

← 4 · All articles · 1 →

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