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5.—(1) This paragraph applies if—
(a)the LLP has financial fixed assets that could be included at fair value by virtue of paragraph 36 of Schedule 1 to these Regulations,
(b)the amount at which those items are included under any item in the LLP’s accounts is in excess of their fair value, and
(c)the LLP has not made provision for diminution in value of those assets in accordance with paragraph 19(1) of that Schedule.
(2) There must be stated—
(a)the amount at which either the individual assets or appropriate groupings of those individual assets are included in the LLP’s accounts,
(b)the fair value of those assets or groupings, and
(c)the reasons for not making a provision for diminution in value of those assets, including the nature of the evidence that provides the basis for the belief that the amount at which they are stated in the accounts will be recovered.
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