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In UK accounting, what is the difference between a consolidated balance sheet and a company one?

April 26, 2017Accounting balance sheet Business COMPANY consolidated difference Finance UK

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In UK accounting, what is the difference between a consolidated balance sheet and a company one?

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A Consolidated Balance Sheet includes not only the assets and liabilities of the company itself but also the assets and liabilities of any subsidiary companies that it may hold a majority shareholding in. A Company Balance Sheet just deals with the assets and liabilities of the company itself. Example: ABC Holdings Ltd holds the majority of the shares in two subsidiaries, JKL Ltd and XYZ Ltd.