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HMRC internal manual

Corporate Finance Manual

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.