(1) Group accounts must comply with regulation 5(1)(b) as if the undertakings included in the consolidation were a single company except where the group -

(a) qualifies as small or medium-sized under section 383 or 466 of the Act; and

(b) is not an ineligible group under section 384(2) or 467(2) of the Act.

(2) A note to the individual accounts of -

(a) a parent company which is required to prepare and does prepare group accounts in accordance with the Act; and

(b) a subsidiary company where -

(i) its parent is required to prepare and does prepare group accounts in accordance with the Act,

(ii) the company is included in the consolidation, and