The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016

Approval and signing of accounts U.K.

11.—(1) Regulation 12 (approval and signing of accounts) is amended as follows.

(2) In section 414 (approval and signing of accounts), for subsection (3) substitute—

“(3) If the accounts are prepared in accordance with the small LLPs regime, the balance sheet must contain, in a prominent position above the signature—

(a) in the case of individual accounts prepared in accordance with the micro-entity provisions, a statement to that effect,

(b) in the case of accounts not prepared as mentioned in paragraph (a), a statement to the effect that the accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.”.

Commencement Information

I1 Reg. 11 in force at 17.5.2016, see reg. 2(1)