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444. Meaning of "annual accounts" and related expressions

Past version: effective from 14/06/2015 - 13/06/2015
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(1) In this Part a company's "annual accounts", in relation to a financial year, means—
(a) any individual accounts prepared by the company for that year (see section 383 (duty to prepare individual accounts)), and
(b) any group accounts prepared by the company for that year (see sections 388 (option to prepare group accounts) and 389 (duty to prepare group accounts)).
This is subject to section 392 (option to omit individual profit and loss account from annual accounts where information given in notes to the individual balance sheet).
(2) A company's "annual accounts and reports" for a financial year are—
(a) its annual accounts,
(b) the directors' report, and
(c) the auditor's report on those accounts, and the directors' report (unless the company is exempt from audit).