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The Small Limited Liability Partnerships (Accounts) Regulations 2008

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2008, ISBN 9780110818344

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Regulations laid before Parliament under section 17(4) and (5)(b) of the Limited Liability Partnerships Act 2000 for approval by resolution of each House of Parliament.

Limited Liability Partnerships

Made *** 2008

Coming into force 1st October 2008

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 15 and 17 of the Limited Liability Partnerships Act 2000f1.

In accordance with section 17(4) and (5)(b) of the Limited Liability Partnerships Act 2000, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.

Annotations to the whole text

Footnotes

f1

2000 c 12.

Contents

  1. Part 1: INTRODUCTION
  2. 1Citation and interpretation
  3. 2Commencement and application
  4. Part 2: FORM AND CONTENT OF INDIVIDUAL ACCOUNTS
  5. 3Non-IAS individual accounts
  6. 4Information about related undertakings (non-IAS or IAS individual accounts)
  7. 5Accounts for delivery to registrar of companies (non-IAS individual accounts)
  8. Part 3: FORM AND CONTENT OF GROUP ACCOUNTS
  9. 6Non-IAS group accounts
  10. 7Information about related undertakings (Non-IAS or IAS group accounts)
  11. Part 4: INTERPRETATION
  12. 8General interpretation
  13. Signature
  14. Schedule 1: NON-IAS INDIVIDUAL ACCOUNTS
  15. Part 1: GENERAL RULES AND FORMATS
  16. GENERAL RULES
  17. 1Paragraph 1
  18. 2Paragraph 2
  19. 3Paragraph 3
  20. 4Paragraph 4
  21. 5Paragraph 5
  22. 6Paragraph 6
  23. 7Paragraph 7
  24. 8Paragraph 8
  25. 9Paragraph 9
  26. SECTION BTHE REQUIRED FORMATS FOR ACCOUNTS
  27. Part 2: ACCOUNTING PRINCIPLES AND RULES
  28. ACCOUNTING PRINCIPLES
  29. 10Preliminary
  30. 11Accounting principles
  31. 12Accounting principles
  32. 13Accounting principles
  33. 14Accounting principles
  34. 15Accounting principles
  35. HISTORICAL COST ACCOUNTING RULES
  36. 16Preliminary
  37. Fixed assets
  38. 17General rules
  39. 18Rules for depreciation and diminution in value
  40. 19Rules for depreciation and diminution in value
  41. 20Rules for depreciation and diminution in value
  42. 21Development costs
  43. 22Goodwill
  44. 23Current assets
  45. 24Current assets
  46. Miscellaneous and supplementary provisions
  47. 25Excess of money owed over value received as an asset item
  48. 26Assets included at a fixed amount
  49. 27Determination of purchase price or production cost
  50. 28Determination of purchase price or production cost
  51. 29Substitution of original stated amount where price or cost unknown
  52. ALTERNATIVE ACCOUNTING RULES
  53. 30Preliminary
  54. 31Preliminary
  55. 32Alternative accounting rules
  56. 33Application of the depreciation rules
  57. 34Additional information to be provided in case of departure from historical cost accounting rules
  58. 35Revaluation reserve
  59. FAIR VALUE ACCOUNTING
  60. 36Inclusion of financial instruments at fair value
  61. 37Determination of fair value
  62. 38Hedged items
  63. 39Other assets that may be included at fair value
  64. 40Accounting for changes in value
  65. 41The fair value reserve
  66. Part 3: NOTES TO THE ACCOUNTS
  67. 42Preliminary
  68. 43Reserves
  69. 44Disclosure of accounting policies
  70. Information supplementing the balance sheet
  71. 45Paragraph 45
  72. 46Loans and other debts due to members
  73. 47Fixed assets
  74. 48Fixed assets
  75. 49Investments
  76. 50Information about fair value of assets and liabilities
  77. 51Information about fair value of assets and liabilities
  78. 52Information where investment property and living animals and plants included at fair value
  79. 53Reserves and provisions
  80. 54Details of indebtedness
  81. 55Guarantees and other financial commitments
  82. 56Miscellaneous matters
  83. 57Information supplementing the profit and loss account
  84. 58Particulars of turnover
  85. 59Miscellaneous matters
  86. 60Sums denominated in foreign currencies
  87. 61Dormant LLPs acting as agents
  88. Schedule 2: INFORMATION ABOUT RELATED UNDERTAKINGS WHERE LLP NOT PREPARING GROUP ACCOUNTS (NON-IAS OR IAS INDIVIDUAL ACCOUNTS)
  89. 1Subsidiary undertakings
  90. 2Holdings in subsidiary undertakings
  91. 3Financial information about subsidiary undertakings
  92. 4Significant holdings in undertakings other than subsidiary undertakings
  93. 5Significant holdings in undertakings other than subsidiary undertakings
  94. 6Significant holdings in undertakings other than subsidiary undertakings
  95. 7Parent undertaking drawing up accounts for larger group
  96. 8Identification of ultimate parent
  97. 9Construction of references to shares held by LLP
  98. Schedule 3: NON-IAS ABBREVIATED ACCOUNTS FOR DELIVERY TO REGISTRAR OF COMPANIES
  99. Part 1: THE REQUIRED BALANCE SHEET FORMATS
  100. 1Paragraph 1
  101. Part 2: NOTES TO THE ACCOUNTS
  102. 2Preliminary
  103. 3Disclosure of accounting policies
  104. Information supplementing the balance sheet
  105. 4Fixed assets
  106. 5Financial fixed assets
  107. 6Details of indebtedness
  108. 7Sums denominated in foreign currencies
  109. 8Dormant LLPs acting as agents
  110. Schedule 4: GROUP ACCOUNTS
  111. Part 1: FORM AND CONTENT OF NON-IAS GROUP ACCOUNTS
  112. 1General rules
  113. 2General rules
  114. 3General rules
  115. 4General rules
  116. 5General rules
  117. 6Elimination of group transactions
  118. 7Acquisition and merger accounting
  119. 8Acquisition and merger accounting
  120. 9Acquisition and merger accounting
  121. 10Acquisition and merger accounting
  122. 11Acquisition and merger accounting
  123. 12Acquisition and merger accounting
  124. 13Acquisition and merger accounting
  125. 14Acquisition and merger accounting
  126. 15Acquisition and merger accounting
  127. 16Acquisition and merger accounting
  128. 17Minority interests
  129. 18Joint ventures
  130. 19Associated undertakings
  131. 20Associated undertakings
  132. Part 2: INFORMATION ABOUT RELATED UNDERTAKINGS WHERE LLP PREPARING GROUP ACCOUNTS (NON-IAS OR IAS GROUP ACCOUNTS)
  133. 21Introduction and interpretation
  134. 22Subsidiary undertakings
  135. 23Holdings in subsidiary undertakings
  136. 24Financial information about subsidiary undertakings not included in the consolidation
  137. 25Joint ventures
  138. 26Associated undertakings
  139. 27Other significant holdings of parent LLP or group
  140. 28Other significant holdings of parent LLP or group
  141. 29Other significant holdings of parent LLP or group
  142. 30Other significant holdings of parent LLP or group
  143. 31Other significant holdings of parent LLP or group
  144. 32Other significant holdings of parent LLP or group
  145. 33Parent undertaking drawing up accounts for larger group
  146. 34Identification of ultimate parent
  147. 35Construction of references to shares held by parent LLP or group
  148. Schedule 5: GENERAL INTERPRETATION
  149. 1Financial instruments
  150. 2Financial instruments
  151. 3Fixed and current assets
  152. 4Historical cost accounting rules
  153. 5Listed investments
  154. 6Loans
  155. 7Materiality
  156. 8Participating interests
  157. 9Provisions
  158. 10Provisions
  159. 11Purchase price
  160. 12Staff costs
  161. Explanatory note