1.—(1) An LLP may deliver to the registrar a copy of the balance sheet showing the items listed in either of the balance sheet formats set out below, in the order and under the headings and sub-headings given in the format adopted, but in other respects corresponding to the full balance sheet.
(2) The copy balance sheet must contain in a prominent position a statement that it has been prepared in accordance with the provisions applicable to LLP subject to the small LLP regime.
| Balance sheet formats | |||
|---|---|---|---|
| Format 1 | |||
| A. | Fixed assets | ||
| I. | Intangible assets | ||
| II. | Tangible assets | ||
| III. | Investments | ||
| B. | Current assets | ||
| I. | Stocks | ||
| II. | Debtors (1) | ||
| III. | Investments | ||
| IV. | Cash at bank and in hand | ||
| C. | Prepayments and accrued income | ||
| D. | Creditors: amounts falling due within one year | ||
| E. | Net current assets (liabilities) | ||
| F. | Total assets less current liabilities | ||
| G. | Creditors: amounts falling due after more than one year | ||
| H. | Provisions for liabilities | ||
| I. | Accruals and deferred income | ||
| J. | Loans and other debts due to members | ||
| K. | Members’ other interests | ||
| I. | Members’ capital | ||
| II. | Revaluation reserve | ||
| III. | Other reserves | ||
| Balance sheet formats | |||
|---|---|---|---|
| Format 2 | |||
| ASSETS | |||
| A. | Fixed assets | ||
| I. | Intangible assets | ||
| II. | Tangible assets | ||
| III. | Investments | ||
| B. | Current assets | ||
| I. | Stocks | ||
| II. | Debtors (1) | ||
| III. | Investments | ||
| IV. | Cash at bank and in hand | ||
| C. | Prepayments and accrued income | ||
| LIABILITIES | |||
| A. | Loans and other debts due to members | ||
| B. | Members’ other interests | ||
| I. | Members’ capital | ||
| II. | Revaluation reserve | ||
| III. | Other reserves | ||
| C. | Provisions for liabilities | ||
| D. | Creditors (2) | ||
| E. | Accruals and deferred income | ||
| Notes on the balance sheet formats |
|---|
| (1) | Debtors |
(Formats 1 and 2, items B.II.)
The aggregate amount of debtors falling due after more than one year must be shown separately, unless it is disclosed in the notes to the accounts.
| (2) | Creditors |
(Format 2, Liabilities item D.)
The aggregate amount of creditors falling due within one year and of creditors falling due after more than one year must be shown separately, unless it is disclosed in the notes to the accounts.