# The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016, Regulation 29: Amendments to Part 2 (form and content of individual accounts)


In regulation 3(1) (non-IAS individual accounts), in the modified regulation 3 of the Small Companies Accounts Regulations which is applied to LLPs—
(a) at the beginning of paragraph (1) insert “Subject to the following provisions of this regulation and regulation 5A,”;
(b) after paragraph (1) insert—
“(1A) Sections C (alternative accounting rules) and D (fair value accounting) in Part 2 of Schedule 1 to these Regulations do not apply to an LLP which qualifies as a micro-entity in relation to a financial year (see sections 384A and 384B of the 2006 Act) and whose accounts for that year are prepared in accordance with the exemption permitted by—
(a) regulation 5A, or
(b) paragraph 1(1A) of Section A in Part 1 of Schedule 1 to these Regulations.”; and
(c) omit paragraph (2).

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111144787/regulation/29 (the official version)
Page: https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.