# The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016, Regulation 21: Minor definitions


(1) Regulation 32 (minor definitions) is amended as follows.
(2) In section 474(1) (minor definitions)—
(a) insert the following definitions at the appropriate places—
““micro-entity minimum accounting item” means an item of information required by this Part or by the Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912) to be contained in the non-IAS individual accounts of an LLP for a financial year in relation to which it qualifies as a micro-entity (see sections 384A and 384B);”;
““micro-entity provisions” means any provisions of this Part, Part 16 or the Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912) relating specifically to the individual accounts of an LLP which qualifies as a micro-entity;”;
““qualified”, in relation to an auditor’s report, means that the report does not state the auditor’s unqualified opinion that the accounts have been properly prepared in accordance with this Act;”;
““traded company” means a company any of whose transferable securities are admitted to trading on a regulated market;”;
““traded LLP” means an LLP any of whose transferable securities are admitted to trading on a regulated market;”; and
(b) in the definition of “turnover”, omit “falling within the LLP’s ordinary activities”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111144787/regulation/21 (the official version)
Page: https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.