{
  "url": "https://openlegislation.uk/draft-large-and-medium-sized-limited-liability-partnerships-accounts-regulations-2008/regulation-4",
  "json_url": "https://openlegislation.uk/draft-large-and-medium-sized-limited-liability-partnerships-accounts-regulations-2008/regulation-4.json",
  "legislation": "ukdsi/2008/9780110818351",
  "legislation_title": "The Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/draft-large-and-medium-sized-limited-liability-partnerships-accounts-regulations-2008",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Medium-sized LLPs: exemptions for non-IAS individual accounts",
  "text": "Regulation 4 of the Large and Medium-sized Companies Accounts Regulations applies to LLPs, modified so that it reads as follows—\n“Medium-sized LLPs: exemptions for non-IAS individual accounts\n4. (1) This regulation applies to an LLP—\n(a) which qualifies as medium-sized in relation to a financial year under section 465 of the 2006 Act, and\n(b) the members of which are preparing non-IAS individual accounts under section 396 of that Act for that year.\n(2) The individual accounts for the year need not comply with the following provisions of Schedule 1 to the Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008—\n(a) paragraph 45 (disclosure with respect to compliance with accounting standards), and\n(b) paragraph 70 (related party transactions).\n(3) The members of the LLP may deliver to the registrar of companies a copy of the accounts for the year—\n(a) which includes a profit and loss account in which the following items listed in the profit and loss account formats set out in Schedule 1 to the Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008 are combined as one item—\nitems 2, 3 and 6 in format 1;\nitems 2 to 5 in format 2;\n(b) which does not contain the information required by paragraph 65 of Schedule 1 to those Regulations (particulars of turnover).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 465 is amended by regulation 4(1) of S.I. 2008/393."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2008/9780110818351/regulation/4",
    "retrieved_at": "2026-10-30T15:16:09.521988+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}