408 Individual profit and loss account where group accounts prepared
Companies Act 2006 | Legislation

408  Individual profit and loss account where group accounts prepared

(1)     This section applies where—

(a)     a company prepares group accounts in accordance with this Act, and

[(b)     the company's individual balance sheet shows the company's profit and loss for the financial year determined in accordance with this Act].

(2)     . . .

(3)     The company's individual profit and loss account must be approved in accordance with section 414(1) (approval by directors) but may be omitted from the company's annual accounts for the purposes of the other provisions of the Companies Acts.

(4)     The exemption conferred by this section is conditional upon its being disclosed

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