Paragraph 10 Preliminary

The amounts to be included in respect of all items shown in an LLP’s accounts must be determined in accordance with the principles set out in this Section.

But if it appears to the members of the LLP that there are special reasons for departing from any of those principles in preparing the LLP’s accounts in respect of any financial year they may do so, in which case particulars of the departure, the reasons for it and its effect must be given in a note to the accounts.