Sch 13E para 18
(1) There must be stated— (a) the aggregate amount of the capital and reserves of the body corporate as at the end of its relevant financial year; and (b) its profit or loss for that year. (2) That information need not be given if— (a) the body corporate is not required by any provision of the Companies Act 2006 to deliver a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in the United Kingdom or elsewhere; and (b) the holding of the group is less than 50 per cent of the nominal value of the shares in the undertaking. (3) Information otherwise required by this paragraph need not be given if it is not material— (a) for the purposes of giving a true and fair view for the society and its subsidiary undertakings as a whole, of the matters set out in section 69(F)(2); (b) in the case of IAS accounts, to the requirement under UK-adopted international accounting standards that such accounts achieve a fair presentation. (4) For the purposes of this paragraph the “relevant financial year” of an undertaking is— (a) if its financial year ends with that of the society, that year; and (b) if not, its financial year ending last before the end of the society’s financial year.