# The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016, Regulation 17: Medium-sized LLPs


(1) Regulation 26 (medium-sized LLPs) is amended as follows.
(2) In the table in section 465(3) (LLPs qualifying as medium-sized: general)—
(a) in item 1 (turnover), for “Not more than £25.9 million” substitute “Not more than £36 million”; and
(b) in item 2 (balance sheet total), for “Not more than £12.9 million” substitute “Not more than £18 million”.
(3) In the table in section 466(4) (LLPs qualifying as medium-sized: parent LLPs)—
(a) in item 1 (aggregate turnover), for “Not more than £25.9 million net (or £31.1 million gross)” substitute “Not more than £36 million net (or £43.2 million gross)”; and
(b) in item 2 (aggregate balance sheet total), for “Not more than £12.9 million net (or £15.5 million gross)” substitute “Not more than £18 million net (or £21.6 million gross)”.
(4) In section 467 (LLPs excluded from being treated as medium-sized)—
(a) for subsection (1)(a) substitute—
“(a) a traded LLP,”; and
(b) for subsection (2)(a) substitute—
“(a) a traded company,”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111144787/regulation/17 (the official version)
Page: https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.