383 Companies qualifying as small: parent companies
383 Companies qualifying as small: parent companies
Companies Act 2006 | Legislation

(1)     A parent company qualifies as a small company in relation to a financial year only if the group headed by it qualifies as a small group.

(2)     A group qualifies as small in relation to the parent company's first financial year if the qualifying conditions are met in that year.

[(2A)     Subject to subsection (3), a group qualifies as small in relation to a subsequent financial year of the parent company if the qualifying conditions are met in that year.]

[(3)     In relation to a subsequent financial year of the parent company, where on the parent company's balance sheet date the group meets or ceases to meet the qualifying conditions, that aff

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