The directors of an unlimited company are not required to deliver accounts and reports to the registrar in respect of a financial year if the following conditions are met.
The exemption conferred by this section does not apply if—
The references in paragraph (b) to a limited company, another unlimited company , a Scottish partnership which is not a limited partnership or a Scottish partnership which is a limited partnership include a comparable undertaking incorporated in or formed under the law of a country or territory outside the United Kingdom.
Where a company is exempt by virtue of this section from the obligation to deliver accounts—
In this section—
" general partner " means—
(a)in relation to a Scottish partnership which is a limited partnership, a person who is a general partner within the meaning of the Limited Partnerships Act 1907 ; and
(b)in relation to an undertaking incorporated in or formed under the law of any country or territory outside the United Kingdom and which is comparable to a Scottish partnership which is a limited partnership, a person comparable to such a general partner;
" limited partnership " means a partnership registered under the Limited Partnerships Act 1907; and the " relevant accounting reference period ", in relation to a financial year, means the accounting reference period by reference to which that financial year was determined.