(1) In respect of the annual accounts of any single accounts society -

(a) every income and expenditure account shall be prepared in the format set out in Part I of Schedule 1; and

(b) every balance sheet shall be prepared in the format set out in Part I of Schedule 2;

(c) [deleted]

in each case in accordance with the relevant provisions, and every such document shall, subject to the following paragraphs of this regulation, be prepared in the order and under the headings and subheadings in the format applicable to it.

(2) In respect of the annual accounts of any group accounts society -

(a) the provisions of this regulation shall apply subject to the provisions of regulation 4, the supplementary provisions of which shall also have effect in relation to those accounts; and

(b) within those accounts -

(i) every income and expenditure account relating to the society shall be prepared in the format set out in Part I of Schedule 1;