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Statutory Instruments

2008 No. 1911

Limited Liability Partnerships

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

Made

17th July 2008

Coming into force

1st October 2008

Contents

Go to Preamble

  1. PART 1

    GENERAL INTRODUCTORY PROVISIONS

    1. 1. Citation and commencement

    2. 2. Application

    3. 3. Interpretation

    4. 4. Scheme of Part 15 as applied to LLPs

  2. PART 2

    LLPs QUALIFYING AS SMALL

    1. 5. LLPs subject to the small LLPs regime

  3. PART 3

    ACCOUNTING RECORDS

    1. 6. LLP’s accounting records

  4. PART 4

    FINANCIAL YEARS

    1. 7. An LLP’s financial year

  5. PART 5

    ANNUAL ACCOUNTS

    1. 8. Annual accounts to give true and fair view

    2. 9. Individual accounts

    3. 10. Group accounts

    4. 11. Information to be given in notes to accounts

    5. 12. Approval and signing of accounts

  6. PART 6

    PUBLICATION OF ACCOUNTS AND AUDITOR’S REPORT

    1. 13. Publication of accounts and auditor’s report

    2. 14. Default in sending out copies of accounts and auditor’s report

    3. 15. Right of member or debenture holder to copies of accounts and auditor’s report

    4. 16. Requirements in connection with publication of accounts and auditor’s report

  7. PART 7

    FILING OF ACCOUNTS AND AUDITOR’S REPORT

    1. 17. Duty to file accounts and reports

    2. 18. Filing obligations of medium-sized LLPs

    3. 19. Filing obligations of large LLPs

    4. 20. Requirements where abbreviated accounts delivered

    5. 21. Approval and signing of abbreviated accounts

    6. 22. Failure to file accounts and auditor’s report

  8. PART 8

    REVISION OF DEFECTIVE ACCOUNTS

    1. 23. Revision of defective accounts

    2. 24. Disclosure of information

  9. PART 9

    ACCOUNTS: SUPPLEMENTARY PROVISIONS

    1. 25. Accounting standards

    2. 26. Medium-sized LLPs

    3. 27. General power to make further provision about accounts

    4. 28. Other supplementary provisions

    5. 29. Meaning of “annual accounts”

    6. 30. Notes to the accounts

    7. 31. Parliamentary procedure for regulations under section 468

    8. 32. Minor definitions

  10. PART 10

    AUDIT REQUIREMENT

    1. 33. Requirement for audited accounts

    2. 34. Exemption from audit: small LLPs

    3. 35. Exemption from audit: dormant LLPs

  11. PART 11

    APPOINTMENT OF AUDITORS

    1. 36. Appointment of auditors

    2. 37. Fixing of auditor remuneration

    3. 38. Disclosure of auditor remuneration

  12. PART 12

    FUNCTIONS OF AUDITOR

    1. 39. Auditor’s report

    2. 40. Duties and rights of auditors

    3. 41. Signature of auditor’s report

    4. 42. Offences in connection with auditor’s report

  13. PART 13

    REMOVAL, RESIGNATION, ETC OF AUDITORS

    1. 43. Removal, resignation, etc of auditors

    2. 44. Rights of auditor removed from office

    3. 45. Rights of auditor not re-appointed

    4. 46. Auditor statements

  14. PART 14

    LLP AUDIT: SUPPLEMENTARY PROVISIONS

    1. 47. Minor definitions

  15. PART 15

    STATUTORY AUDITORS

    1. 48. Extension of Part 42

  16. PART 16

    OFFENCES

    1. 49. Liability of member in default

    2. 50. General provisions

  17. PART 17

    LLPs: SUPPLEMENTARY AND INTERPRETATION

    1. 51. Courts and legal proceedings

    2. 52. Meaning of “undertaking” and related expressions

    3. 53. Meaning of “dormant”

    4. 54. Requirements of this Act

    5. 55. Minor definitions

    6. 56. Regulations

    7. 57. Regulations

  18. PART 18

    FINAL PROVISIONS

    1. 58. Revocation and transitional provisions

Go to Explanatory Note

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 15 and 17 of the Limited Liability Partnerships Act 2000(1) and sections 1210(1)(h) and 1292(2) of the Companies Act 2006(2).

In accordance with section 17(4) and (5)(b) of the Limited Liability Partnerships Act 2000 and sections 1290 and 1292(4) of the Companies Act 2006, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.

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