s 384 Companies excluded from the small companies regime
(1) The small companies regime does not apply to a company that ... was at any time within the financial year to which the accounts relate— (a) a public company, (b) a company that— (i) is an authorised insurance company, a banking company, an e-money issuer, a MiFID investment firm or a UCITS management company, or (ii) carries on insurance market activity, or (iii) is a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 or section 39(1) of the Pension Schemes Act (Northern Ireland) 2021 (interpretation of Part 1), or (c) a member of an ineligible group. (2) A group is ineligible if any of its members is— (a) a traded company, (b) a body corporate (other than a company) whose shares are admitted to trading on a UK regulated market , (c) a person (other than a small company) who has permission under Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on a regulated activity, (ca) an e-money issuer, (d) a small company that is an authorised insurance company, a banking company, ... a MiFID investment firm or a UCITS management company, or (e) a person who carries on insurance market activity or (f) a scheme funder of a Master Trust scheme within the meanings given by section 39(1) of the Pension Schemes Act 2017 or section 39(1) of the Pension Schemes Act (Northern Ireland) 2021 (interpretation of Part 1). (3) A company is a small company for the purposes of subsection (2) if it qualified as small in relation to its last financial year ending on or before the end of the financial year to which the accounts relate.