# The Small Limited Liability Partnerships (Accounts) Regulations 2008, Paragraph 4: Fixed assets


(1) In respect of each item to which a letter or Roman number is assigned under the general item “fixed assets” in the LLP’s balance sheet the following information must be given—
(a) the appropriate amounts in respect of that item as at the date of the beginning of the financial year and as at the balance sheet date respectively,
(b) the effect on any amount shown in the balance sheet in respect of that item of—
(i) any revision of the amount in respect of any assets included under that item made during that year on any basis mentioned in paragraph 32 of Schedule 1 to these Regulations,
(ii) acquisitions during that year of any assets,
(iii) disposals during that year of any assets, and
(iv) any transfers of assets of the LLP to and from that item during that year.
(2) The reference in sub-paragraph (1)(a) to the appropriate amounts in respect of any item as at any date there mentioned is a reference to amounts representing the aggregate amounts determined, as at that date, in respect of assets falling to be included under that item on either of the following bases, that is to say—
(a) on the basis of purchase price or production cost (determined in accordance with paragraphs 27 and 28 of Schedule 1 to these Regulations), or
(b) on any basis mentioned in paragraph 32 of that Schedule,
(leaving out of account in either case any provisions for depreciation or diminution in value).
(3) In respect of each item within sub-paragraph (1) there must also be stated—
(a) the cumulative amount of provisions for depreciation or diminution in value of assets included under that item as at each date mentioned in sub-paragraph (1)(a),
(b) the amount of any such provisions made in respect of the financial year,
(c) the amount of any adjustments made in respect of any such provisions during that year in consequence of the disposal of any assets, and
(d) the amount of any other adjustments made in respect of any such provisions during that year.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110818344/schedule/3/paragraph/4 (the official version)
Page: https://openlegislation.uk/draft-small-limited-liability-partnerships-accounts-regulations-2008/schedule-3/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.