Accounts and reports

View Corporate by content type:

News

Practice notes

Precedents

Q&As

Latest Corporate News

Corporate weekly highlights—13 May 2021

The following Corporate news provides comprehensive and up to date legal information on Corporate weekly highlights—13 May 2021

Market Tracker weekly highlights—13 May 2021

The following Corporate news provides comprehensive and up to date legal information on Market Tracker weekly highlights—13 May 2021

Contracts—‘Reasonable detail’ in notice clause determined by business purpose (Dodika Ltd and others v United Luck Group Holdings Ltd)

The following Commercial news provides comprehensive and up to date legal information on Contracts—‘Reasonable detail’ in notice clause determined by business purpose (Dodika Ltd and others v United Luck Group Holdings Ltd)

UK joins US in implementing a global anti-corruption sanctions regime

The following Banking & Finance news provides comprehensive and up to date legal information on UK joins US in implementing a global anti-corruption sanctions regime

Featured Corporate content

Letter—consent to act as a director

The [Secretary OR Directors][insert company name][insert company address][Insert date]Dear [[insert name] OR Company Secretary]Re: [insert company...

Changes in share capital—accounting treatment

It is a fundamental rule of English company law that a limited company having a share capital must maintain that capital. This capital maintenance...

Directors’ decision-making—written resolutions and decisions by sole directors

This Practice Note outlines the written resolution method directors may adopt to take decisions instead of holding board meetings. It also considers...

Breaching the articles of association

This Practice Note considers the unique contractual status of the articles of association between the company and its members, primarily under s 33(1)...

Precedents

Share Dealing Rules—The Model Code under the Listing Rules (deleted under the Market Abuse Regulation)

Please note that this precedent is for information only and is a memorandum setting out the details of the Model Code that was contained in the...

9th Nov

Practice notes

Redenomination of share capital

Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other administrative procedures have been...

9th Nov

Practice notes

Issues arising where there is split exchange and completion—share and asset purchases

This Practice Note describes the legal issues that may arise where there is a gap in time between exchange/signing (at which time the share purchase...

9th Nov

Practice notes

Irrevocable commitments and letters of intent

This Practice Note examines the law and practice on giving irrevocable commitments or undertakings or letters of intent in the context of a public...

9th Nov

Practice notes

Drafting and negotiating ancillary documents in a share purchase transaction

This Practice Note is part of the Share purchase transaction toolkit.In order to effect all aspects of the transaction, each share purchase...

9th Nov

Practice notes

Joint shareholders

Shares in a company may be allotted or transferred to any number of holders (whether they are natural persons or corporate entities) to be held...

9th Nov

Practice notes

Private equity investment—ratchets

A ratchet in private equity is a mechanism to vary the amount of equity held by founders, managers and employees post-investment.In a venture capital...

9th Nov

Practice notes

Unregistered companies

What is an unregistered company?An unregistered company is a rare form of incorporated company that is not formed or registered under the Companies...

9th Nov

In-house

Practice notes

The effect of a private company redemption of shares, including post-redemption steps

Coronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other administrative procedures have been...

9th Nov

Practice notes

Company records—a company's statutory registers

Coronavirus (COVID-19) IMPACT: Certain filing and registration deadlines are extended by temporary measures introduced to mitigate the consequences of...

9th Nov

Practice notes

Insider lists

This Practice Note considers the obligation of an issuer who issues or proposes to issue financial instruments which are within the scope of the...

9th Nov

Practice notes

Declaration of a director's interests—the statutory provisions

A director who is in any way, directly or indirectly, interested in:•a proposed transaction or arrangement with the company of which they are a...

9th Nov

Practice notes

Shareholder resolutions

The agreement of the members of a company is required to make certain changes to a company, such as amending its constitution, name or share capital,...

9th Nov

In-house

Practice notes

Alternate directors

This Practice Note considers the appointment and removal of alternate directors, their status, powers, duties and liabilities and authority to bind...

9th Nov

In-house

Practice notes

A company’s constitution

What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of...

9th Nov

Practice notes

Issue of redeemable shares

A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue...

9th Nov

Most recent Accounts and reports content

Practice notes

The small LLPs regime

Rules and guidanceThe statutory rules governing the annual accounts of small LLPs are set out in:•Part 15 of the Companies Act 2006 (CA 2006)•the...

8th Apr

Practice notes

Filing of company’s accounts and reports

The directors of a company have a duty to deliver its accounts and reports for each financial year to Companies House, subject to the exemptions for...

8th Apr

Practice notes

Directors’ responsibilities statements—company accounts

A company's annual report and accounts will often include an appropriate description of directors' relevant responsibilities for the preparation of...

8th Apr

Practice notes

Dormant companies—accounts and audit

A dormant company is constituted and managed in the same way as any other company. However, the requirements relating to accounts and audit that...

8th Apr

Practice notes

Disclosure Guidance and Transparency Rules requirements—the annual financial report

This Practice Note discusses the requirements of the Disclosure Guidance and Transparency Rules in relation to a company’s annual financial report and...

Produced in partnership with Tessa Park of Moore Kingston Smith 8th Apr

Practice notes

A company’s financial year

The determination of a company’s financial year is a complex process involving the determination of its accounting reference date (ARD) and its...

8th Apr

Practice notes

The micro-entities regime

The statutory rules governing the annual accounts and reports of micro-entities (a sub-group of small companies) are set out in:•Part 15 of the...

8th Apr

Practice notes

Brexit—accounts and reports

At 11pm UK time on 31 January 2020 (exit day), the United Kingdom left the European Union in accordance with a ratified Withdrawal Agreement between...

8th Apr

Brexit

Practice notes

Directors’ remuneration report

This Practice Note covers the statutory, regulatory and corporate governance framework for directors’ remuneration reports (including the directors’...

24th Mar

Precedents

Notice of AGM of a listed public company

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTIONIf you are in any doubt about the action you should take, you should immediately...

22nd Mar

Precedents

Board minutes to convene AGM of listed company

[insert company name] PLCMinutes of a meeting of the board of directors of [insert full name of company] (the Company)held at [insert place of...

22nd Mar

Practice notes

Improving diversity and equality—employer charters and schemes

Employers are increasingly keen to improve diversity and equality in their organisations. This can stem from a number of reasons, including:•an...

15th Mar

Practice notes

The strategic report

All companies (other than small companies) must prepare a strategic report for each financial year.CA 2006, s 415 requires all companies also to...

15th Mar

Practice notes

Ethnicity in Corporate Governance Reporting 2020—Market Tracker Trend Report

This Market Tracker Trend Report, Ethnicity in Corporate Governance Reporting 2020, examines the current recommendations and guidelines for public...

Produced in partnership with Richard Preston of Addleshaw Goddard, Selina Sagayam of Gibson Dunn, Pavita Cooper of More Difference and Martin Webster of Pinsent Masons 25th Feb

Q&As

Can a third party restrict a company’s choice of auditor to one of the Big 4 accountancy firms?

In April 2014, the EU issued Regulation 537/2014/EU (EU Audit Regulation) and Directive 2014/56/EU (Statutory Audit Amending Directive). The EU Audit...

25th Feb

Q&As

From what date do the requirements of the EU Audit Regulation and Statutory Audit Amending Directive apply?

In April 2014, the EU issued Regulation 537/2014/EU of the European Parliament and the Council of the European Union (EU Audit Regulation) and...

25th Feb

Practice notes

The directors' report

The directors' report has an important function in providing shareholders with information about the company's business which may not be ascertainable...

24th Feb

Practice notes

Continuing obligations—financial reporting

Coronavirus (COVID-19): following the coronavirus outbreak, the Financial Conduct Authority published editions 27 and 28 of Primary Market Bulletin in...

24th Feb

Q&As

Can the board of directors delegate the duty to approve the accounts to a committee?

Approving the accountsSection 414 of the Companies Act 2006 (CA 2006) requires that the accounts of a company be approved by the board of directors...

15th Feb

Q&As

What was the directors’ remuneration reporting regime (financial years ended before 30 September 2013)?

This Q&A considers key elements of the directors’ remuneration reporting regime prior to 1 October 2013 and the legislative amendments that changed...

15th Feb