Section 487 | Actual financial statements ignored if for too long a period or too late

Financial statements drawn up by or on behalf of any entity are to be ignored for the purposes of this Part (apart from this section) if—^F1

(a)the period in respect of which they are drawn up is more than 18 months, or^F1

(b)they are drawn up after the end of the period of 30 months beginning with the beginning of the period in respect of which they are drawn up.^F1