Search Legislation

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

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 7

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016, Section 7. Help about Changes to Legislation

Annual accounts to give true and fair viewU.K.

This section has no associated Explanatory Memorandum

7.—(1) Regulation 8 (annual accounts to give true and fair view) is amended as follows.

(2) In section 393 (accounts to give true and fair view), after subsection (1) insert—

(1A) Subsection (1B) applies to the members of an LLP which qualifies as a micro-entity in relation to a financial year (see sections 384A and 384B) in their consideration of whether the non-IAS individual accounts of the LLP for that year give a true and fair view as required by subsection (1)(a).

(1B) Where the accounts contain an item of information additional to the micro-entity minimum accounting items, the members must have regard to any provision of an accounting standard which relates to that item..

Commencement Information

I1Reg. 7 in force at 17.5.2016, see reg. 2(1)

Back to top

Options/Help