Old rules: loan relationships: authorised accounting methods: 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.