76 Statutory accounts

76  Statutory accounts

(1)     The following provisions of this section shall have effect for the purposes of any statutory accounts of a successor company that is to say, any accounts prepared by such a company for the purpose of any provision of the Companies Act 1985 (including group accounts).

(2)     The vesting in the company effected by virtue of this Part shall be taken to have been effected immediately after the end of the last complete accounting year of the transferor to end before the transfer date and—

(a)     in the case of a supply company, to have been a vesting of all the property, rights and liabilities to which the transferor was entitled

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