# The Small Limited Liability Partnerships (Accounts) Regulations 2008, Paragraph 1A


(1) Where appropriate to the circumstances of an LLP’s business, the members of the LLP may, with reference to one of the formats in Section B, draw up an abridged balance sheet showing only those items in that format preceded by letters and roman numerals, provided that—
(a) in the case of format 1, note (3) of the notes to the formats is complied with,
(b) in the case of format 2, notes (3) and (8) of those notes are complied with,
(c) all of the members of the LLP have consented to the drawing up of the abridged balance sheet.
(2) Where appropriate to the circumstances of an LLP’s business, the members of the LLP may, with reference to one of the formats in Section B, draw up an abridged profit and loss account, combining under one item called “Gross profit or loss”—
(a) items 1, 2, 3 and 6 in the case of format 1, and
(b) items 1 to 5 in the case of format 2,
provided that, in either case, all of the members of the LLP have consented to the drawing up of the abridged profit and loss account.
(3) Such consent as is referred to in sub-paragraphs (1) and (2) may only be given as regards the preparation of, as appropriate, the balance sheet or profit and loss account in respect of the preceding financial year.

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Source: https://www.legislation.gov.uk/uksi/2008/1912/schedule/1/paragraph/1A (the official version)
Page: https://openlegislation.uk/small-limited-liability-partnerships-accounts-regulations-2008/schedule-1/paragraph-1A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.