Sch 4 para 10 Reason for not preparing group accounts
(1) The reason why the company is not required to prepare group accounts must be stated. (2) If the reason is that all the subsidiary undertakings of the company fall within the exclusions provided for in section 405 of the 2006 Act (Companies Act group accounts: subsidiary undertakings included in the consolidation), it must be stated with respect to each subsidiary undertaking which of those exclusions applies.