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The Accountants for Growth

Strategic Reports

Strategic Reports

For financial years ending on or after 30 September 2013 all UK companies other than those entitled to claim small company exemptions are required to include a Strategic Report as well as a Directors’ Report as part of their annual accounts reporting package.

The Strategic Report is separate to the Directors’ Report and it must be clearly headed as ‘Strategic Report’.

The content of this report can simply be the same as was previously included in the’ Business Review’ section of the Directors’ Report, with no additional content required.

The report must be approved and signed on behalf of the board by a director or by the company secretary.

The directors’ responsibility statement should refer to the fact that the directors are responsible for preparing both the Directors’ Report and the Strategic Report.

Whilst in practice the Strategic Report does not greatly increase the reporting burden on companies, this may be a good time to re-consider the content and information included in the Strategic Report and ensure that it communicates how directors have performed in their duties.


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