385. Companies excluded from the dormant subsidiaries exemption

A company is not entitled to the exemption conferred by section 384 (individual accounts: exemption for dormant subsidiaries) if it was at any time within the financial year in question—

(a) is a public interest entity, or
(b) is a financial institution, or
(c) a member of an ineligible group (as defined in section 371(2) (companies excluded from the small companies regime))