NewsCase StudiesEvents

UK Accounting Regulation Changes: Disclosure Of Subsidiary Entities

Also in the news...

Safety and security requirements on imports and exports

Find out about new safety and security declarations that will apply from 1 October 2021 on goods leaving Great Britain (England, Scotland and Wales).

How to open a company in the USA while maintaining residence in Italy

It is one of the best ways for the Italian citizen to manage their business. This corporate vehicle allows access to multiple advantages of an advanced jurisdiction such as the US and also manages to maintain a low tax rate with very manageable levels of accounting and bureaucracy.

UK-ASEAN Joint declaration

Joint Ministerial Declaration on Future Economic Cooperation between the Association of Southeast Asian Nations (ASEAN) and the United Kingdom of Great Britain and Northern Ireland (UK).


These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner

UK Shipping Concierge

The concierge service provides a one-stop shop to help maritime businesses interact with government departments.

UK Accounting Regulation Changes: Disclosure Of Subsidiary Entities

Back to News

Our UK Corporate Secretarial expert outlines accounting regulation changes implemented on 6 April 2015, that affect how disclosure of subsidiary entities are dealt with.

Section 409 of the Companies Act 2006 (CA 2006) requires all companies to disclose information related to undertakings such as:

  • general information about subsidiary undertakings
  • holdings in subsidiary undertakings
  • financial information about subsidiary undertakings
  • shares of company held by subsidiary undertakings
  • significant holdings in other undertakings
  • membership of certain undertakings
  • the parent undertaking and ultimate parent company.

Prior to 1 July 2015 a parent company had the option to show a full list of its subsidiaries in its annual report, or to take advantage of section 410 of the CA 2006, which allowed parent companies to provide more limited information on undertakings in the notes to the annual report (where there are numerous related undertakings and the directors believed that full disclosure would result in information of excessive length), and permitted full information on the related undertakings to be submitted with the next annual return.

Pursuant to The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015, for accounts signed on or after 1 July 2015, this option will be removed and the full list of subsidiaries will be required to be produced in the annual report.

Action:Ensure that the full list of subsidiaries are disclosed in the annual reports approved on or after 1 July 2015.

Article supplied by The TMF Group

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.