Capital

I am currently advising a client on capital disregards.
I have read in the DRH that capital belonging to dependent children is disregarded.  Does this depend on how the capital is held?
For example if the capital is in an ISA which is locked away for the child until they are 18 then I am assuming this is disregarded because it cannot be accessed.
If it is in a normal child savings account does this still count as capital as the parent can still access and withdraw money from it ?
I cannot find the information in the regulations
http://dlvr.it/S3YK6Y

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