OpenLegislation

Paragraph 1 General rules

United Kingdom

(1)

Subject to F1the following provisions of this Schedule, group accounts must comply so far as practicable with the provisions of Schedule 1 to these Regulations (non-IAS individual accounts) as if the undertakings included in the consolidation (“the group”) were a single LLP.

F2(1A)

Paragraph 1A of Schedule 1 to these Regulations does not apply to group accounts.

(2)

For item A.III in each balance sheet format set out in F3Section B of Part 1 of that Schedule substitute—

“

A.III.Investments
1.Shares in group undertakings
2.Interests in associated undertakings
3.Other participating interests
4.Loans to group undertakings and undertakings in which a participating interest is held
5.Other investments other than loans
6.Others

”.

(3)

In the profit and loss account formats F4in Section B of Part 1 of that Schedule replace the items headed “Income from participating interests”, that is—

(a)

in Format 1, item 8, and

(b)

in Format 2, item 10,

by two items: “Income from interests in associated undertakings” and “Income from other participating interests”.

Annotations

Textual amendments

F1

Words in Sch. 4 para. 1(1) substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 43(a)(i)

F2

Sch. 4 para. 1(1A) inserted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 43(a)(ii)

F3

Words in Sch. 4 para. 1(2) inserted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 43(a)(iii)

F4

Words in Sch. 4 para. 1(3) inserted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 43(a)(iv)