The below response relates to companies with periods beginning on or after 1 January 2017. From that date Companies (Accounting) Act 2017 is mandatorily applicable. Even if a company early adopts certain Sections as permitted in Section 14 of Companies (Accounting) Act 2017 the company is not required or permitted to early adopt the change made to the definition of ‘designated unlimited companies in Section 1274 of Companies Act 2014. Where the period is for a period beginning on or after 1 January 2017;
Such an unlimited company is required to file a Form B1 annual return and the statutory auditors report. No further filings are required (S.1277 CA 2014). The auditor’s report should satisfy the following conditions:
- it is a true copy of the original auditor’s report save for the difference that the signature or signature on the original, and any date or dates theroen, shall appear in typeset form on the copy;
- it is accompanied by the signature of a director and secretary in written or electronic form of the ULC stating that it is a true copy of the original
For periods beginning on or after 1 January 2017, if any beneficial owner of the ULC benefits from limited liability either directly or indirectly then the financial statements must be filed with the CRO.