The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 No. 1911

PART 1 GENERAL INTRODUCTORY PROVISIONS

Scheme of Part 15 as applied to LLPs

4.  Section 380 applies to LLPs, modified so that it reads as follows—

“Scheme of this Part

380.— (1) The requirements of this Part as to accounts and auditors’ reports apply in relation to each financial year of an LLP.

(2) In certain respects different provisions apply to different kinds of LLP.

(3) The main distinctions for this purpose are between LLPs subject to the small LLPs regime (see section 381) and LLPs that are not subject to that regime.

(4) In this Part, where provisions do not apply to all kinds of LLP, provisions applying to LLPs subject to the small LLPs regime appear before the provisions applying to other LLPs.”