Sch 3 para 81 Guarantees and other financial commitments
(1) Particulars must be given of any charge on the assets of the company to secure the liabilities of any other person including the amount secured. (2) Particulars and the total amount of any financial commitments, guarantees and contingencies (excluding those which arise out of insurance contracts) that are not included in the balance sheet must be disclosed. (3) An indication of the nature and form of any valuable security given by the company in respect of commitments, guarantees and contingencies within sub-paragraph (2) must be given. (4) The total amount of any commitments within sub-paragraph (2) concerning pensions must be separately disclosed. (5) Particulars must be given of pension commitments which are included in the balance sheet. (6) Where any commitment within sub-paragraph (4) or (5) relates wholly or partly to pensions payable to past directors of the company separate particulars must be given of that commitment. (7) The total amount of any commitments, guarantees and contingencies within sub-paragraph (2) which are undertaken on behalf of or for the benefit of— (a) any parent undertaking or fellow subsidiary undertaking of the company, (b) any subsidiary undertaking of the company, or (c) any undertaking in which the company has a participating interest must be separately stated and those within each of paragraphs (a), (b) and (c) must also be stated separately from those within any other of those paragraphs.