All companies must file annual accounts in accordance with the Companies Act 2006. Directors are personally responsible for ensuring accounts are delivered on time.

Where accounts are filed late, Companies House automatically imposes statutory late filing penalties. For persistent or serious non-compliance, Companies House has a range of enforcement powers, including financial penalties and criminal prosecution. Enforcement decisions are taken in line with Companies House's published Enforcement Policy and a proportionate, risk-based compliance framework.

https://www.gov.uk/government/publications/companies-house-enforcement-policy

To date, funding of £484m has been provided to British Steel Limited under the provisions of the Steel Industry (Special Measures) Act, and the full amount is recoverable as a debt due to the Crown, as set out in section 3(6) of the Act. There are no conditions attached save the requirement for the funds to be used in accordance with the purpose set out in legislation. All funding released to British Steel is reviewed and approved in advance. Recoverability of this debt is currently being assessed, and the resulting treatment will be reflected and published in the Department for Business and Trade's accounts for 2025-26.

HMG has set out its policy and operational intent to British Steel’s auditors under the Steel Industry (Special Measures) Act 2025. This does not constitute a financial guarantee, indemnity or underwriting of liabilities and reflects material already in the public domain.

British Steel remains owned by Jingye and HMG’s powers to intervene under the Steel Industry (Special Measures) Act 2025 are designed to maintain steelmaking and avoid a disorderly closure of the blast furnaces. We continue to work with Jingye to find a pragmatic and realistic solution for the future of British Steel.

The preparation and filing of statutory accounts are a matter for the company and its directors. The arrangements for preparing and approving company accounts are a matter for British Steel and its directors, in line with their statutory responsibilities.

To date, funding of £484m has been provided to British Steel Limited under the provisions of the Steel Industry (Special Measures) Act, and the full amount is recoverable as a debt due to the Crown, as set out in section 3(6) of the Act. There are no conditions attached save the requirement for the funds to be used in accordance with the purpose set out in legislation. All funding released to British Steel is reviewed and approved in advance. Recoverability of this debt is currently being assessed, and the resulting treatment will be reflected and published in the Department for Business and Trade's accounts for 2025-26.

HMG has set out its policy and operational intent to British Steel’s auditors under the Steel Industry (Special Measures) Act 2025. This does not constitute a financial guarantee, indemnity or underwriting of liabilities and reflects material already in the public domain.

British Steel remains owned by Jingye and HMG’s powers to intervene under the Steel Industry (Special Measures) Act 2025 are designed to maintain steelmaking and avoid a disorderly closure of the blast furnaces. We continue to work with Jingye to find a pragmatic and realistic solution for the future of British Steel.

The preparation and filing of statutory accounts are a matter for the company and its directors. The arrangements for preparing and approving company accounts are a matter for British Steel and its directors, in line with their statutory responsibilities.

The Commonwealth Telecommunication Organisation (CTO) is an international organisation, and the United Kingdom is one of 33 Member States. The CTO Secretariat presents statements of annual accounts to its governing Council, which consists of CTO Member States. From 2000 to 2019, annual financial audits of the CTO were carried out on time, presented to successive CTO Council meetings, and formally approved. Audited reports for 2019-20 and 2020-21 were approved by the CTO Council on 24 February 2023. An audited report for the financial year 2021-22 was approved by the CTO Council on 23 April 2026. Audited reports for the years 2022-23 and 2023-24 will be presented shortly. The CTO Council has agreed to reappoint its Auditor to conduct the audits for 2024-25 and 2025-26.

The Common Council of the City of London, in its capacity as a local authority, is required to adhere to the publication requirements of the Local Government Transparency Code 2015, along with all other local authorities as defined in paragraph 14 of the Transparency Code. The Transparency Code requires local authorities to publish details of financial transactions such as all spend over £500 and procurements over £5000, and assets held such as land and housing. It does not contain requirements relating to any specialist commercial activity conducted by the City of London Corporation. The government does not monitor compliance with the requirements of the Transparency Code, as the intention of the legislation is that local voters will hold local authorities to account for their performance.

The Common Council of the City of London is also required to produce an annual Statement of Accounts in accordance with proper practices as set out in statute and the Code of Practice on Local Authority Accounting in the United Kingdom, published by CIPFA. The Statement of Accounts must meet the requirements of reporting set out in the Local Audit and Accountability Act 2014. Authorities are responsible for ensuring that their financial reporting meets the required standards, however, Government expects authorities to demonstrate best practice in transparency.

The government’s position on political donation thresholds and donor permissibility is set out in legislation and in the Representation of the People Bill. The Electoral Commission will reflect any necessary changes in their guidance.

In terms of unlimited companies, where statements are not available on Companies House the company must provide revenue statements to political parties in order to make a donation.

The new rules will not exclude companies less than three years old. The reference in the factsheet to a three‑year period is intended as a window of time for assessing whether a company can demonstrate sufficient revenue. It does not operate as an age‑based restriction. Companies will be able to make political donations, provided they are able to demonstrate sufficient revenue and meet the other eligibility criteria set out in legislation.

Where a company is majority‑owned or controlled by another company, the donating company must meet the eligibility criteria in its own right. A company that does not meet those criteria would be impermissible, regardless of whether the owning company itself is permissible.

The government’s position on political donation thresholds and donor permissibility is set out in legislation and in the Representation of the People Bill. The Electoral Commission will reflect any necessary changes in their guidance.

In terms of unlimited companies, where statements are not available on Companies House the company must provide revenue statements to political parties in order to make a donation.

The new rules will not exclude companies less than three years old. The reference in the factsheet to a three‑year period is intended as a window of time for assessing whether a company can demonstrate sufficient revenue. It does not operate as an age‑based restriction. Companies will be able to make political donations, provided they are able to demonstrate sufficient revenue and meet the other eligibility criteria set out in legislation.

Where a company is majority‑owned or controlled by another company, the donating company must meet the eligibility criteria in its own right. A company that does not meet those criteria would be impermissible, regardless of whether the owning company itself is permissible.

The Government has reviewed the role of the Scunthorpe steelworks in contributing to the UK's national security including critical national infrastructure. The Government maintains that securing the continued operation of British Steel's assets is a necessary investment in our national interests and wider economic resilience.

Funding for British Steel is subject to the usual government approval processes and ministerial decisions and the need for HMG support is kept under review. All efforts are being made to secure a viable future for the company. All support for British Steel has been drawn from existing HMG budgets.

British Steel remains in the ownership of Jingye and estimated costs should the blast furnaces need to be decommissioned is commercially sensitive information. We continue to work with Jingye to find a pragmatic, realistic solution for the future of British Steel.

The £104 million detailed for other operational expenses will be reflected in the Department for Business and Trade's accounts for 2025-26. The accounts will be prepared on a basis consistent with government financial reporting standards.

British Steel are responsible for ensuring all tax liabilities and obligations pursuant to the UK Emissions Trading Scheme are met. Under the Companies Act 2006, the responsibility to produce accounts belongs to company directors.

The illustrative examples provide guidance to help preparers meet the mandatory requirements within IFRS Accounting Standards, which are adopted in the UK as UK-adopted international accounting standards. However, application of this guidance does not form part of mandatory requirements and it is ultimately for companies and auditors to decide whether to use the examples. Any FRC engagement with companies and their auditors will be through either reviews of annual reports, or reviews of audits, undertaken as part of its Supervision work.

The illustrative examples provide guidance to help preparers meet the mandatory requirements within IFRS Accounting Standards, which are adopted in the UK as UK-adopted international accounting standards. However, application of this guidance does not form part of mandatory requirements and it is ultimately for companies and auditors to decide whether to use the examples. Any FRC engagement with companies and their auditors will be through either reviews of annual reports, or reviews of audits, undertaken as part of its Supervision work.

The UK Endorsement Board widely consulted with UK stakeholders, including investors and companies, throughout the International Accounting Standards Board’s (IASB) development of the illustrative examples. Feedback, on whether they would support companies in reporting the effects of climate-related, and other, uncertainties in their financial statements, was shared with the IASB and incorporated before finalisation.

The upcoming reporting cycle will clarify whether the guidance has influenced company reporting on such matters.

The UK Endorsement Board widely consulted with UK stakeholders, including investors and companies, throughout the International Accounting Standards Board’s (IASB) development of the illustrative examples. Feedback, on whether they would support companies in reporting the effects of climate-related, and other, uncertainties in their financial statements, was shared with the IASB and incorporated before finalisation.

The upcoming reporting cycle will clarify whether the guidance has influenced company reporting on such matters.

CICs file accounts to Companies House in the same way as other companies. The Economic Crime and Corporate Transparency Act 2023 Impact Assessment assesses impacts of removing paper accounts filing. We are reviewing our proposed changes in filing requirements at Companies House, to ensure they strike the right balance between tackling economic crime and avoiding undue burden on business.

Identity verification is designed to be straightforward. Individuals can verify digitally through One Login, via an Authorised Corporate Service Provider, or in-person at the Post Office. Companies House contact centre is available for users requiring assistance.

The Department for Transport works closely with the Greater Manchester Combined Authority (GMCA) to support the development and delivery of the Bee Network. Since the 2019 assessment, the Department has not formally requested financial reporting specific to the Bee Network as a whole. However, GMCA is required to provide financial and performance reporting in relation to specific funding streams that support the Bee Network, including their City Region Sustainable Transport Settlement, the Local Authority Bus Grant, and one-off additional funding in 2023/24.

The Department continues to monitor the use of public funds through these mechanisms, but the overall financial management of the Bee Network remains a matter for Greater Manchester Combined Authority.