Consolidate financial statement

if I had one subsidiary compay and my company is not listed company is it required to prepare consolidated financial statements and also my company has no holdings company
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Quick Summary
If you have a subsidiary company, preparing consolidated financial statements is generally compulsory, regardless of whether your parent company is listed or has a holding company structure. This ensures a comprehensive view of the group's financial performance and position.

Yes, it's compulsory to prepare consolidated financial statements.
Thank you sir

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