SCHEDULEMODIFICATIONS AND ADAPTATIONS FOR PURPOSES OF REGULATION 4
1
1
Accounts prepared under regulation 4 of these Regulations shall comply with the requirements of Part VII of the 1985 Act as to the content of accounts subject to the following, namely—
a
the provisions of section 259(2) and (3) of that Act14 (meaning of “undertaking” and related expressions),
b
the omission of the provisions mentioned in paragraph 2(1) below, and
c
any necessary modifications to take account of the fact that partnerships are unincorporated.
2
For the purposes of the provisions of Part VII of the 1985 Act as applied to accounts so prepared, these Regulations shall be regarded as part of the requirements of that Act.
2
1
The provisions referred to in paragraph 1(1)(b) above are—
a
in Part I of Schedule 4 to the 1985 Act, paragraph 3(6) and, in paragraph 3(2), the words from “adopted” to the end;
b
in Part II of that Schedule, paragraph 20;
c
in Part III of that Schedule, paragraphs 36A15, 41, 43, 44, 45, 50(3)(b), 51(2), 53 and 54;
d
in Schedule 4A to that Act16, paragraphs 13(3) to (5), 14 and 15;
e
in Schedule 5 to that Act17, paragraphs 4, 5, 10, 12, 18, 19 and 29;
f
in Schedule 6 to that Act18, paragraphs 2 to 6, 8 and 9; and
g
Schedule 7 to that Act19 except paragraph 6.
2
Sub-paragraph (1) above shall not be construed as affecting the requirement to give a true and fair view under sections 226 and 227 of the 1985 Act20 .
3
Part II of the Companies Act 1989 (eligibility for appointment as auditors) shall apply to auditors appointed for the purposes of regulation 4 of these Regulations as if qualifying partnerships were companies formed and registered under the 1985 Act, subject to any necessary modifications to take account of the fact that partnerships are unincorporated.