Significant holdings in undertakings other than subsidiary undertakings
6.—(1) There must also be stated—
(a)the aggregate amount of the capital and reserves of the undertaking as at the end of its relevant financial year, and
(b)its profit or loss for that year.
(2) That information need not be given if—
(a)the LLP would (if it were not subject to the small LLP regime) be exempt by virtue of section 400 or 401 of the 2006 Act (parent LLP included in accounts of larger group) from the requirement to prepare group accounts, and
(b)the investment of the LLP in all undertakings in which it has such a holding as is mentioned in sub-paragraph (1) is shown, in aggregate, in the notes to the accounts by way of the equity method of valuation.
(3) That information need not be given in respect of an undertaking if—
(a)the undertaking is not required by any provision of the 2006 Act to deliver to the registrar a copy of its balance sheet for its relevant financial year and does not otherwise publish that balance sheet in the United Kingdom or elsewhere, and
(b)the LLP’s holding is less than 50% of the nominal value of the shares in the undertaking.
(4) Information otherwise required by this paragraph need not be given if it is not material.
(5) For the purposes of this paragraph the “relevant financial year” of an undertaking is—
(a)if its financial year ends with that of the LLP, that year, and
(b)if not, its financial year ending last before the end of the LLP’s financial year.