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Expert Support for Consolidated Accounts and IFRS Compliance
At Finanche Limited, Chartered Certified Accountants based in Reading, we provide expert support in the preparation and review of consolidated financial statements in accordance with UK legislation and International Financial Reporting Standards (IFRS).
Our clients range from UK-based parent companies with overseas subsidiaries to growing groups expanding into new markets, and we’re here to ensure their group accounts meet the highest standards of compliance and clarity.
Consolidated accounts are a key requirement for groups of companies under the Companies Act 2006. They provide a clear picture of the group’s overall financial position by combining the assets, liabilities, and results of the parent company and its subsidiaries.
Preparing them correctly is not only a legal requirement—it’s vital for presenting reliable financial information to stakeholders, investors, and regulators.
IFRS is increasingly important for UK companies with international operations or investors. Whether you're required to report under IFRS due to your group structure, overseas listing, or investor requirements, or you're considering a voluntary transition, we can support you every step of the way.
Our team is well-versed in IFRS standards and the reporting differences between IFRS and UK GAAP (FRS 102), and we can guide you through the transition, impact assessment, and reporting requirements.
We help determine the group’s reporting boundaries based on control and ownership.
Ensuring accurate consolidation by removing internal sales, balances, and profits.
Unifying different accounting treatments across entities to ensure consistency.
Guidance on first-time adoption of IFRS, including comparative figures, disclosures, and reconciliation.
We provide expert guidance on complex IFRS areas including goodwill and impairment testing, lease accounting under IFRS 16, financial instruments, fair value measurement, and revenue recognition.
We regularly assist clients with first-time adoption of IFRS, ensuring that comparative figures, notes to the accounts, and disclosures meet international standards.
We also advise on complex areas such as goodwill and impairment testing, financial instruments, lease accounting (IFRS 16), and fair value measurements—areas that often require judgment and a solid understanding of both the technical standards and their practical application.
Whether you’re a UK parent preparing your first set of consolidated accounts, transitioning to IFRS, or managing a complex group structure with international subsidiaries, we have the experience and knowledge to support you. Based in Reading, we serve clients throughout the UK and internationally.
Get in touch with Finanche Limited today to discuss how we can support your business with consolidated accounts, IFRS reporting, and full compliance with UK company law.
We hope you become one of our happy customers
I didn’t familiar with UK’s tax system when I come across with the 1st self assessment. It is a big project and just looking for any tax advisors can help. Surfing in Internet and just try one. I was so luck to reach Finanche Ltd and unbelievable, they have Hong Kong tax advisor Billy to help me. After several communication, I was so impressed by their professional advices and detail works. There is no doubt to highly recommend Finanche Ltd and Billy to any people they need tax issues’ advices. Once again, Thank you sooooo much for their help.
Very knowledgeable and reasonable account, Answered all my queries, which was many, in a fast and professional manner, Would highly recommend Sergei.
Sergei provides efficient, patient, well informed support throughout completing tax returns and responding to questions and the inevitable anxieties one can have. A pleasure to work with, thank you.
I have dealt with many accountants. Sergei is one of the dependable ones with sound knowledge. His fees are reasonable and he takes good care of his customers. Would happily recommend him to anyone in need of a good accountant.
Having been in the tutoring industry for over a decade, it's safe to say that I've been through a fair share of accountants. After much searching, I have finally found the right one for me and my business. Sergei and his team have a wealth of experience on the most up to date software and tax regulations and have already managed to clear up my VAT issues. I would highly recommend them to business owners of any size!
Clear answers to your IFRS and FRS questions — helping you stay compliant, informed, and confident
IFRS (International Financial Reporting Standards) is a global accounting framework. In the UK: All companies listed on the London Stock Exchange must prepare consolidated financial statements using IFRS. Unlisted companies may use IFRS voluntarily or follow UK GAAP (FRS 102 or other standards).
A UK parent company must prepare consolidated accounts if it is not exempt under Companies Act 2006 (e.g., small group exemption or part of an EU/EEA parent’s consolidated group)
Control exists when a parent:
Yes. Exemptions apply if the group qualifies as a small group under UK size thresholds.
A wholly owned UK subsidiary with parent company accounts prepared under IFRS or equivalent.
Meeting dormancy or non-trading conditions
Some of the most important standards include:
Drop us a line, we’d love to hear from you.
