Ireland · The accounting Schedules
Schedule 3: notes on capital, fixed assets, indebtedness, turnover, taxation and group undertakings
the Companies Act 2014 · Schedule 3
A debenture issued and repaid within the year still needs a Schedule 3 note
The note requirements are triggered by events in the year rather than by balances at the year end, and that is what companies miss. If the company has issued any debentures during the financial year to which the financial statements relate, the information Schedule 3 paragraph 45(1) lists must be given. A debenture issued and repaid inside the year leaves no balance but still requires the note.
Creditor analysis is required item by item. In respect of each item shown under creditors in the balance sheet, the aggregate amounts Schedule 3 paragraph 56(1) identifies must be stated. A single maturity table for total creditors does not answer the paragraph.
Schedule 3 requires notes on capital, fixed assets, indebtedness, turnover and group transactions
Schedule 3 requires notes on capital, reserves and provisions, on fixed assets, indebtedness and guarantees, and on turnover, taxation and remuneration. Each of the amounts paragraph 60 lists must be stated, beginning with the amount of interest on, or any similar expenses in respect of, the items that paragraph identifies.
The Schedule also requires notes on group undertakings and the holding undertaking. Subject to paragraph 65(3), particulars must be given in the notes of transactions of the kind paragraph 65(1) describes. These notes are read with the sections 314 to 323 requirements, so the same underlying data answers both.
The system generates your ComplianceSME company passport and then walks you through the working files
Working files 201, 202, 203 and 204 of the IE-COMPANY agent toolkit cover this situation. Working file 201 works through the notes on capital, reserves and provisions. Working file 202 works through the notes on fixed assets, indebtedness and guarantees. Working file 203 works through the notes on turnover, taxation and remuneration. Working file 204 works through the notes on group undertakings, the holding undertaking and related party transactions.
- Working file 201 · Schedule 3: notes to the accounts on capital, reserves and provisions
- Working file 202 · Schedule 3: notes to the accounts on fixed assets, indebtedness and guarantees
- Working file 203 · Schedule 3: notes to the accounts on turnover, taxation and remuneration
- Working file 204 · Schedule 3: notes to the accounts on group undertakings and the holding undertaking
Free, with a free account
The working files above open from your ComplianceSME account at no charge, and so does the rest of the Companies Act 2014 toolkit: 215 working files across the 75 situations a company registered in Ireland can be in. Working file 1 runs first and builds the company passport; after that you open each working file as its situation arises.
A working file runs in Claude. You ask the ComplianceSME connector for it in a dedicated premium seat on the Claude Team plan. It asks one question at a time, then returns the document the Companies Act 2014 names, citing the Act's section at every step. Nothing is downloaded and nothing is installed.
The report stays yours, ready for a bank, an insurer, a customer or an inspector. Your dashboard shows every working file and its state.
Open this working fileComplianceSME tracks the Companies Act 2014 and updates the toolkit on your account through the Compliance Complete account, so that you are never working from a superseded version. Compliance Complete