http://www.legislation.gov.uk/uksi/2016/575/regulation/21The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016enLIMITED LIABILITY PARTNERSHIPSPARTNERSHIPCOMPANIES2024-09-28Statute Law Database2016-05-17 These Regulations amend the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. 2008/1911), the Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912), the Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1913), the Small Companies (Micro-Entities’ Accounts) Regulations 2013 (S.I. 2013/3008) (“the 2013 Regulations”), the Partnerships (Accounts) Regulations 2008 (S.I. 2008/569) and the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (S.I. 2008/410). PART 2Amendments to the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008Minor definitions 21 1 Regulation 32 (minor definitions) is amended as follows. 2 In section 474(1) (minor definitions)— a insert the following definitions at the appropriate places— “micro-entity minimum accounting item” means an item of information required by this Part or by the Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912) to be contained in the non-IAS individual accounts of an LLP for a financial year in relation to which it qualifies as a micro-entity (see sections 384A and 384B); ; “micro-entity provisions” means any provisions of this Part, Part 16 or the Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912) relating specifically to the individual accounts of an LLP which qualifies as a micro-entity; ; “qualified”, in relation to an auditor’s report, means that the report does not state the auditor’s unqualified opinion that the accounts have been properly prepared in accordance with this Act; ; “traded company” means a company any of whose transferable securities are admitted to trading on a regulated market; ; “traded LLP” means an LLP any of whose transferable securities are admitted to trading on a regulated market; ; and b in the definition of “turnover”, omit “falling within the LLP’s ordinary activities”. Section 474(1) as applied to LLPs was amended by S.I. 2009/1804, regulation 85 and paragraph 15(3) of Part 2 of Schedule 3); S.I. 2009/1342, article 31; S.I. 2011/99, regulation 79 and paragraph 20 of Part 2 of Schedule 4; S.I. 2012/1439, article 8(1) and (4)); and S.I. 2013/472, article 3 and paragraph 143(b) of Schedule 2. Reg. 21 in force at 17.5.2016, see reg. 2(1)
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<dc:title>The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016</dc:title>
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<dc:subject scheme="SIheading">LIMITED LIABILITY PARTNERSHIPS</dc:subject>
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<dc:subject scheme="SIheading">COMPANIES</dc:subject>
<dc:modified>2024-09-28</dc:modified>
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<dc:description>These Regulations amend the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. 2008/1911), the Small Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1912), the Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008 (S.I. 2008/1913), the Small Companies (Micro-Entities’ Accounts) Regulations 2013 (S.I. 2013/3008) (“the 2013 Regulations”), the Partnerships (Accounts) Regulations 2008 (S.I. 2008/569) and the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (S.I. 2008/410).</dc:description>
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<Number>PART 2</Number>
<Title id="p00189">Amendments to the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008</Title>
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<Title>Minor definitions</Title>
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21
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<Text>Regulation 32 (minor definitions) is amended as follows.</Text>
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In section 474(1)
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(minor definitions)—
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“micro-entity minimum accounting item” means an item of information required by this Part or by the Small Limited Liability Partnerships (Accounts) Regulations 2008 (
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1912" id="c00013" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1912">S.I. 2008/1912</Citation>
) to be contained in the non-IAS individual accounts of an
<Abbreviation Expansion="a limited liability partnership registered under the Limited Liability Partnerships Act 2000 c. 12">LLP</Abbreviation>
for a financial year in relation to which it qualifies as a micro-entity (see sections 384A and 384B);
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“micro-entity provisions” means any provisions of this Part, Part 16 or the Small Limited Liability Partnerships (Accounts) Regulations 2008 (
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/1912" id="c00014" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="1912">S.I. 2008/1912</Citation>
) relating specifically to the individual accounts of an LLP which qualifies as a micro-entity;
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<Text>“qualified”, in relation to an auditor’s report, means that the report does not state the auditor’s unqualified opinion that the accounts have been properly prepared in accordance with this Act;</Text>
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<Text>“traded company” means a company any of whose transferable securities are admitted to trading on a regulated market;</Text>
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<Text>“traded LLP” means an LLP any of whose transferable securities are admitted to trading on a regulated market;</Text>
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<Text>in the definition of “turnover”, omit “falling within the LLP’s ordinary activities”.</Text>
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Section 474(1) as applied to
<Abbreviation Expansion="limited liability partnerships registered under the Limited Liability Partnerships Act 2000 c. 12">LLPs</Abbreviation>
was amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1804" id="c00109" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1804">S.I. 2009/1804</Citation>
, regulation 85 and paragraph 15(3) of Part 2 of Schedule 3);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1342" id="c00110" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1342">S.I. 2009/1342</Citation>
, article 31;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2011/99" id="c00111" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="0099">S.I. 2011/99</Citation>
, regulation 79 and paragraph 20 of Part 2 of Schedule 4;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2012/1439" id="c00112" Class="UnitedKingdomStatutoryInstrument" Year="2012" Number="1439">S.I. 2012/1439</Citation>
, article 8(1) and (4)); and
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/472" id="c00113" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="0472">S.I. 2013/472</Citation>
, article 3 and paragraph 143(b) of Schedule 2.
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Reg. 21 in force at 17.5.2016, see
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