{
  "url": "https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-54",
  "json_url": "https://openlegislation.uk/draft-limited-liability-partnerships-partnerships-and-groups-accounts-and-audit-regulations-2016/regulation-54.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/54",
  "kind": "regulation",
  "number": "54",
  "heading": "Amendments to Section C of Part 2 of Schedule 1 (alternative accounting rules: non-IAS individual accounts)",
  "text": "In Section C of Part 2 of Schedule 1 (alternative accounting rules: non-IAS individual accounts)—\n(a) in paragraph 32 (alternative accounting rules), omit sub-paragraphs (4) and (5);\n(b) in paragraph 34 (additional information to be provided in case of departure from historical cost accounting rule)—\n(i) in sub-paragraph (2), for “a note to the accounts” substitute “the note on accounting policies (see paragraph 44 of this Schedule)”; and\n(ii) for sub-paragraph (3) substitute—\n“(3) In the case of each balance sheet item affected, the comparable amounts determined according to the historical cost accounting rules must be shown in a note to the accounts.”; and\n(c) in paragraph 35(2) (revaluation reserve)—\n(i) after “revaluation reserve” insert “under “Members’ other interests””; and\n(ii) omit “, but need not be shown under that name”.",
  "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/54",
    "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."
}