392. Individual profit and loss account where group accounts prepared
(1) This section applies where—
(a) a company prepares group accounts in accordance with these Regulations, and
(b) the notes to the company's individual balance sheet show the company's profit or loss for the financial year determined in accordance with these Regulations.
(2) The company's individual profit and loss account need not contain the information specified in section 396 (information about employee numbers and costs).
(3) The company's individual profit and loss account must be approved in accordance with section 399(1) (approval by directors) but may be omitted from the company's annual accounts for the purposes of the other provisions of these Regulations.