Get the free Subsidiary S172 statement - Brightwave Limited

Company Registration No. 04092349 (England and Wales)BRIGHTWAVE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019BRIGHTWAVE LIMITED COMPANY INFORMATIONDirectorsS

How to fill out subsidiary s172 statement

How to fill out subsidiary s172 statement

1. Start by gathering the necessary company documents, including financial statements and records of all transactions.
2. Identify the shareholders and directors of the company.
3. Outline the company's business activities and any changes during the period.
4. Ensure you include the name of the company and the period for which the statement applies.
5. Prepare a description of the company's financial position and performance.
6. Include details of any related party transactions.
7. Review and ensure that all information complies with the relevant laws and regulations.
8. Sign and date the statement to certify its accuracy, usually by a director or company secretary.
9. Submit the completed statement to the appropriate regulatory body.

Who needs subsidiary s172 statement?

1. Companies that have multiple shareholders and are required to provide transparency regarding their financial activities.
2. Directors and officers of the company need to maintain this statement for compliance purposes.
3. Investors and stakeholders may need access to these statements for making informed decisions.

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What is subsidiary s172 statement?

A subsidiary s172 statement is a report that companies are required to prepare to demonstrate how they have considered the needs of stakeholders and fulfilled their duties as contained in section 172 of the Companies Act 2006.

Who is required to file subsidiary s172 statement?

Companies that are required to file a s172 statement include large companies and groups that meet certain thresholds as defined in the Companies Act 2006 and are subject to the reporting requirements of the Act.

How to fill out subsidiary s172 statement?

To fill out a subsidiary s172 statement, companies should gather data on stakeholder engagement, describe how decisions are made with stakeholder interests in mind, and provide examples of stakeholder considerations in decision-making.

What is the purpose of subsidiary s172 statement?

The purpose of the subsidiary s172 statement is to enhance transparency and accountability by providing stakeholders with insights into how a company considers their interests during decision-making processes.

What information must be reported on subsidiary s172 statement?

The subsidiary s172 statement must report information regarding how the company has engaged with stakeholders, the impact of its operations on various stakeholders, and how the company has taken into account the interests of its stakeholders in its decision-making.