[414A Duty to prepare strategic report]
Companies Act 2006 | Legislation

[Chapter 4A
Strategic Report]

[414A  Duty to prepare strategic report]

[(1)     The directors of a company must prepare a strategic report for each financial year of the company.

(2)     Subsection (1) does not apply if the company is entitled to the small companies exemption.

(3)     For a financial year in which—

(a)     the company is a parent company, and

(b)     the directors of the company prepare group accounts,

the strategic report must be a consolidated report (a “group strategic report”) relating to the undertakings included in the consolidation.

(4)     A group strategic report may, where appropriate, give greater emphasis to the matters that are significant to

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