403 Group accounts: applicable accounting framework
Companies Act 2006 | Legislation

Group accounts: general

403  Group accounts: applicable accounting framework

[(1)     The group accounts of a parent company whose securities are, on its balance sheet date, admitted to trading on a UK regulated market must be prepared in accordance with UK-adopted international accounting standards (“IAS group accounts”).]

(2)     The group accounts of other companies may be prepared—

(a)     in accordance with section 404 (“Companies Act group accounts”), or

(b)     in accordance with [UK-adopted international accounting standards] (“IAS group accounts”).

This is subject to the following provisions of this section.

(3)     The group accounts of a parent company that is a charity must be Companies Act

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