The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008

Meaning of “annual accounts” U.K.

29.  Section 471 applies to LLPs, modified so that it reads as follows—

“471.    Meaning of “annual accounts” and related expressions

(1) In this Part an LLP's “annual accounts”, in relation to a financial year, means—

[F1 (a) any individual accounts prepared by the LLP for that year (see section 394), and]

(b) any group accounts prepared by the LLP for that year (see [F2 section] 399).

This is subject to section 408 (option to omit individual profit and loss account from annual accounts where information [F3 given in notes to the individual balance sheet]).

[F4 (2) In this Part an LLP’s “annual accounts and reports” for a financial year are—

(a) its annual accounts,

(b) the strategic report (if any),

(c) the energy and carbon report (if any),

(d) the auditor’s report on those accounts and the strategic report (where this is covered by the auditor’s report), unless the LLP is exempt from audit.”]

Textual Amendments

F1 Words in reg. 29 substituted (with application in accordance with reg. 2 of the amending S.I.) by The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012 (S.I. 2012/2301), regs. 1, 20(10)

F2 Word in reg. 29 substituted (with effect in accordance with reg. 2(5)(b) of the amending S.I.) by The Statutory Auditors Regulations 2017 (S.I. 2017/1164), reg. 1(2)(3), Sch. 3 para. 10 (with reg. 2(6)(7))

F3 Words in reg. 29 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), 19(2)

F4 Words in reg. 29 substituted (with effect for financial years beginning on or after 6.4.2021) by The European Grouping of Territorial Cooperation and Limited Liability Partnerships etc. (Revocations and Amendments) (EU Exit) Regulations 2021 (S.I. 2021/153), regs. 1, 17