448 Unlimited companies exempt from obligation to file accounts
448 Unlimited companies exempt from obligation to file accounts
Companies Act 2006 | Legislation

(1)     The directors of an unlimited company are not required to deliver accounts and reports to the registrar in respect of a financial year if the following conditions are met.

(2)     The conditions are that at no time during the relevant accounting reference period—

(a)     has the company been, to its knowledge, a subsidiary undertaking of an undertaking which was then limited, or

(b)     have there been, to its knowledge, exercisable by or on behalf of two or more undertakings which were then limited, rights which if exercisable by one of them would have made the company a subsidiary undertaking of it, or

(c)     has the company been a parent company of an undertaking which was then limited.

The references above to an undertaking being limited at a particular time are to an undertaking (under whatever law established) the liability of whose members is at that time limited.

(3)     The exemption conferred by this section does not apply if—