CFM80290 | Old rules: loan relationships: authorised accounting methods: statutory accounts

Statutory accounts

This guidance applies to periods of account beginning before 1 January 2005

Statutory accounts are defined in FA96/S86(8) and (9). The definition covers accounts drawn up under

• Companies Act 1985

• Companies Act (Northern Ireland) Order 1986

• Section 70 Friendly Societies Act 1992.

If no accounts have been drawn up under these provisions, then the definition extends to

• any accounts the company must produce according to the legislation of the country of incorporation

• the accounts it draws up (such as management accounts) that most closely match the requirements of the Companies Act 1985.