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There are currently no known outstanding effects for the The Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008, Notes on the balance sheet formats.
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(Formats 1 and 2, item A.I.2.)
Amounts in respect of assets are only to be included in an LLP's balance sheet under this item if either—
(a)the assets were acquired for valuable consideration and are not required to be shown under goodwill, or
(b)the assets in question were created by the LLP itself.
(Formats 1 and 2, item A.I.3.)
Amounts representing goodwill are only to be included to the extent that the goodwill was acquired for valuable consideration.
(Formats 1 and 2, items B.II.1 to 5.)
The amount falling due after more than one year must be shown separately for each item included under debtors.
(Formats 1 and 2, items B.II.5 and C.)
This item may be shown in either of the two positions given in Formats 1 and 2.
(Format 1, items D.1 and G.1 and Format 2, item D.1.)
The amount of any convertible loans must be shown separately.
(Format 1, items D.3 and G.3 and Format 2, item D.3.)
Payments received on account of orders must be shown for each of these items in so far as they are not shown as deductions from stocks.
(Format 1, items D.8 and G.8 and Format 2, item D.8.)
The amount for creditors in respect of taxation and social security must be shown separately from the amount for other creditors.
(Format 1, items D.9, G.9 and I and Format 2, items D.9 and E.)
The two positions given for this item in Format 1 at D.9 and G.9 are an alternative to the position at I, but if the item is not shown in a position corresponding to that at I it may be shown in either or both of the other two positions (as the case may require).
The two positions given for this item in Format 2 are alternatives.
(Format 1, item E.)
In determining the amount to be shown for this item any amounts shown under “prepayments and accrued income” must be taken into account wherever shown.
(Format 1, item J and Format 2, Liabilities item A.)
The following amounts must be shown separately under this item—
(a)the aggregate amount of money advanced to the LLP by the members by way of loan,
(b)the aggregate amount of money owed to members by the LLP in respect of profits,
(c)any other amounts.
(Format 2, items D.1 to 9.)
Amounts falling due within one year and after one year must be shown separately for each of these items and for the aggregate of all of these items.
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