Group Accounts' form:

S.151(1) provides that the group accounts laid before a holding company shall be consolidated accounts comprising-

(a)   like with a consolidated balance sheet dealing with the state of affairs of the company and all the subsidiaries to be dealt with in group accounts;

(b)   and like with a consolidated profit and loss account dealing with the profit or loss of the company and those subsidiaries.

Moreover there the group accounts need not be prepared in this form if the directors are of the view that they could be prepared in another form which would be readily appreciated by the company's members.