{
  "url": "https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-51",
  "json_url": "https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-51.json",
  "legislation": "ukdsi/2016/9780111144787",
  "legislation_title": "The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016",
  "path": "regulation/51",
  "kind": "regulation",
  "number": "51",
  "heading": "Amendments to Section B of Part 1 of Schedule 1 (required formats for accounts: non-IAS individual accounts)",
  "text": "In Section B of Part 1 of Schedule 1 (required formats for accounts: non-IAS individual accounts)—\n(a) in balance sheet Format 1, in item K III, after “Other reserves” insert “, including the fair value reserve”;\n(b) in balance sheet Format 2—\n(i) for the heading “LIABILITIES” substitute “CAPITAL, RESERVES AND LIABILITIES”; and\n(ii) in item B III, after “Other reserves” insert “, including the fair value reserve”;\n(c) in profit and loss account Format 1—\n(i) in item 12, for “charges” substitute “expenses”;\n(ii) in items 13 and 14, omit “on ordinary activities”; and\n(iii) omit items 15 to 18;\n(d) in profit and loss account Format 2—\n(i) in items 5(b), 8 and 14, for “charges” substitute “expenses”;\n(ii) for item 7(b) substitute—\n“(b) Amounts written off current assets, to the extent that they exceed write-offs which are normal in the undertaking concerned”;\n(iii) in items 15 and 16, omit “on ordinary activities”; and\n(iv) omit items 17 to 20; and\n(e) in notes on the profit and loss account formats, in the title to note (14), for “charges” substitute “expenses”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2016/9780111144787/regulation/51",
    "retrieved_at": "2026-10-30T15:08:25.214459+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."
}