The micro-entity provisions do not apply in relation to a company's accounts for a particular financial year if the company ... at any time within that year—
was a company excluded from the small companies regime by virtue of section 384,
would have been an investment undertaking as defined in Article 2(14) of Directive 2013/34/ EU of 26 June 2013 on the annual financial statements etc. of certain types of undertakings were the United Kingdom a member State,
would have been a financial holding undertaking as defined in Article 2(15) of that Directive were the United Kingdom a member State,
a credit institution within the meaning given by Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council, which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation,
would have been an insurance undertaking as defined in Article 2(1) of Council Directive 91/674/EEC of 19 December 1991 on the annual accounts of insurance undertakings were the United Kingdom a member State, or
was a charity.
The micro-entity provisions also do not apply in relation to a company's accounts for a financial year if —
the company is a parent company which prepares group accounts for that year as permitted by section 399(4), or
the company is not a parent company but its accounts are included in consolidated group accounts for that year.