(a) In paragraph (1), insert the following after the definition of "individual accounts":

" ‘investment property' means land or buildings (or both) held to earn rentals or for capital appreciation (or both);".

(b) Insert the following after paragraph (1):

"(1A) References in these Regulations to annual accounts giving a ‘true and fair view' are references -

(a) in the case of Companies Act individual accounts, to the requirement under Regulation 5 that those accounts give a true and fair view,