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The companies act 2006 says the following;
Unlimited companies need only deliver accounts to Companies House if, at any time during the period covered by the accounts:
* the company was a subsidiary undertaking or a parent of a limited undertaking;
* the company was a banking or insurance company (or the parent company of a banking or insurance company); or
* each of the company’s members was:
- a limited company;
- another unlimited company each of whose members was a limited company; or
- a Scottish partnership each of whose members was a limited company.
Would anyone be able to clarify the meaning of "each of the companies members"
Does it mean all of them or just one?
Thanks.
Unlimited companies need only deliver accounts to Companies House if, at any time during the period covered by the accounts:
* the company was a subsidiary undertaking or a parent of a limited undertaking;
* the company was a banking or insurance company (or the parent company of a banking or insurance company); or
* each of the company’s members was:
- a limited company;
- another unlimited company each of whose members was a limited company; or
- a Scottish partnership each of whose members was a limited company.
Would anyone be able to clarify the meaning of "each of the companies members"
Does it mean all of them or just one?
Thanks.