Annual Reports & Financial Statements

Miscellaneous Reporting – The Companies (Miscellaneous Reporting) Regulations 2018 (UK); s172 and Corporate Governance Statements

Under the Companies Act 2006, as amended by The Companies (Miscellaneous Reporting) Regulations 2018, qualifying entities are required to make a “section 172 (1) statement” in their strategic report contained in their annual financial statements. The section 172 (1) statement describes how the directors have had regard to the matters set out in section 172 (1) (a) to (f) when performing their duty under section 172 of the Companies Act 2006.

Under the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 as amended by The Companies (Miscellaneous Reporting) Regulations 2018, qualifying entities are required to make a “statement of corporate governance arrangements” in their director’s report contained in their annual financial statements. The statement describes the corporate governance code or other arrangements applied by the company.