UK 21:25 Thursday, 5 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I noted in my article HERE that the company formerly known as Digital Learning Marketplace plc (DLM), then Shidu Capital plc (SDC) and is now called Alpha Returns Group plc (ARGP) has a subsidiary called Shidu Investments Ltd, which filed just an abbreviated balance sheet as its annual accounts to April 2013 under a smaller companies exemption. But as part of a group of companies containing a plc this exemption does not apply. I wondered why the board of Shidu Investments had seemingly broken the rules: was there something to hide?
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
J P Spaghetti
Sorry if I’m basing this question on ignorance, but as I understand it the exemption of smaller companies from filing full accounts also extends to the need to have them audited (as in drawn up / prepared by a qualified accountant). Is this also waived if it is part of a group containing a PLC? Only, it may have bearing on whether they’re just innocent mistakes. Apologies again if I’m spouting piffle.
nigel somerville
J P – dunno, but articles seem to require the retaining of an auditor so….?
Thing is there have been several sets of articles, so which applies?
But full accounts has to be a dead cert.
Londonian
Audit of a plc subsid required even if smaller company. Check HMG website.