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250. Telephone Ltd prepares accounts to 31 March each year. Throughout the year ended
31 March 2022 Telephone Ltd owned 62% of Desk Ltd, 75% of Chair Ltd, 55% of Table Ltd (a
dormant company) and 100% of Window Inc (resident overseas). Telephone Ltd acquired
60% of the share capital of Curtain Ltd on 1 January 2021.
What is the total number of companies for the purposes of adjusting the £1,500,000
augmented profits threshold of Telephone Ltd for the year ended 31 March 2022?
A 2
B 3
C 4
D 5ANS
C(Therefore, Curtain Ltd is not included for the purposes of adjusting the limit for the year ended 31 March 2022.)Good day,Please i don’t understand why curtain ltd is not included in the 51% group.I’ll appreciate if you can explain better
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