Paragraph 66 Particulars of members

Particulars must be given of the average number of members of the LLP in the financial year, which number is to be determined by dividing the relevant annual number by the number of months in the financial year.

The relevant annual number is to be determined by ascertaining for each month in the financial year the number of members of the LLP for all or part of that month, and adding together all the monthly numbers.

Where the amount of the profit of the LLP for the financial year before members’ remuneration and profit shares exceeds £200,000, there must be disclosed the amount of profit (including remuneration) which is attributable to the member with the largest entitlement to profit (including remuneration).

For the purpose of determining the amount to be disclosed under sub-paragraph (3), “remuneration” includes any emoluments specified in paragraph 1(1)(a), (c) or (d) of Schedule 5 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008^f1 receivable from—