| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Director or Officer16 Any Person9

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Director or Officer — also bound by 429 other Acts

Insolvency (England and Wales) Rules 2016 162 duties

Companies Act 2006 126 duties

Insolvency Act 1986 77 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 68 duties

Building Societies Act 1986 32 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. 1 sch. 1 Regulated

Prepare accounts using the correct format and show prior-year comparativesDirector or Officer

9 other provisions — procedural and definitional

s.001 Citation and interpretation

s.002 Commencement and application

s.003 Non-IAS individual accounts

s.004 Medium-sized LLPs: exemptions for non-IAS individual accounts

s.005 Information about related undertakings (non-IAS or IAS individual or group accounts)

s.006 Non-IAS group accounts

s.007 General interpretation

s.008 Review

s.para.42 Amounts falling due within one year and after one year...

Schedules

24 of 162 shown

s.sch001 Accounting policies and measurement bases must be applied consistently within... Regulated

Apply consistent accounting policies in your LLP accountsDirector or Officer

s.sch001 The opening balance sheet for each financial year must correspond... Regulated

Make opening balance sheet match previous year's closing balance sheetAny Person

s.sch001 (1) Where the reasons for which any provision was made... Regulated

Write back provisions in LLP accounts when reasons ceaseAny Person

s.sch001 Intangible Assets Regulated

Disclose development cost write-off period and reasons in accountsDirector or Officer

s.sch001 (1) Intangible assets must be written off over the useful... Regulated

Write off intangible assets over useful economic life and disclose in accountsAny Person

s.sch001 Excess of money owed over value received as an asset item Regulated

Write off excess debt over value received before repaymentDirector or Officer

s.sch001 Preliminary Regulated

Present required notes to accounts in correct orderDirector or Officer

s.sch001 Disclosure of accounting policies Regulated

Disclose accounting policies in annual accountsDirector or Officer

s.sch001 Debentures Regulated

Disclose debenture information in your annual accountsDirector or Officer

s.sch001 Where any fixed assets of the LLP (other than listed... Regulated

Disclose revaluation details of fixed assets in accounts notesDirector or Officer

s.sch001 (1) In relation to any amount which is or would... Regulated

Disclose land tenure split in your LLP balance sheetDirector or Officer

s.sch001 Investments Regulated

Disclose listed investments in annual accountsAny Person

s.sch001 Where the LLP has derivatives that it has not included... Regulated

Disclose fair value and details of derivatives not at fair value in accountsAny Person

s.sch001 Details of indebtedness Regulated

Disclose details of long-term and secured debts in your LLP accountsDirector or Officer

s.sch001 Related party transactions Regulated

Disclose material related party transactions not at market termsDirector or Officer

s.sch001 Appropriations Regulated

Include profit/loss appropriation details in your LLP's annual accountsAny Person

s.sch002 Joint ventures Regulated

Disclose details of joint ventures in consolidated accountsDirector or Officer

s.sch002 Financial information about subsidiary undertakings Regulated

Disclose financial information about subsidiaries not in consolidated accountsAny Person

s.sch002 Identification of ultimate parent Regulated

Disclose ultimate parent in accountsDirector or Officer

s.sch002 Reason for not preparing group accounts Regulated

State reason for not preparing group accounts in annual accountsDirector or Officer

s.sch002 Holdings in subsidiary undertakings Regulated

State details of shares held in subsidiary undertakingsAny Person

s.sch003 (1) Where an LLP adopts the merger method of accounting... Regulated

Account for business combination using merger methodAny Person

s.sch003 Where an acquisition has taken place in the financial year... Regulated

Include merger-acquisition names and addresses in your accounts notesDirector or Officer

s.sch003 Any differences of accounting rules as between a parent LLP's... Regulated

Explain any differences between parent LLP's individual and group accountsDirector or Officer

138 other schedules

s.sch001 (1) Subject to the following provisions of this Schedule—

s.sch001 Preliminary

s.sch001 Accounting principles

s.sch001 The amount of any item must be determined on a...

s.sch001 All income and charges relating to the financial year to...

s.sch001 In determining the aggregate amount of any item, the amount...

s.sch001 Preliminary

s.sch001 General rules

s.sch001 Rules for depreciation and diminution in value

s.sch001 (1) Where a fixed asset investment falling to be included...

s.sch001 (1) The members of the LLP may adapt one of...

s.sch001 (1) Where in accordance with paragraph 1 an LLP's balance...

s.sch001 Current assets

s.sch001 (1) If the net realisable value of any current asset...

s.sch001 Assets included at a fixed amount

s.sch001 Determination of purchase price or production cost

s.sch001 (1) The purchase price or production cost of—

s.sch001 Substitution of original stated amount where price or cost unknown

s.sch001 Equity method in respect of participating interests

s.sch001 (1) Any item required to be shown in an LLP's...

s.sch001 Preliminary

s.sch001 Subject to paragraphs 33 to 35, the amounts to be...

s.sch001 Alternative accounting rules

s.sch001 Application of the depreciation rules

s.sch001 Additional information to be provided in case of departure from historical cost accounting rules

s.sch001 Revaluation reserve

s.sch001 Inclusion of financial instruments at fair value

s.sch001 Determination of fair value

s.sch001 Hedged items

s.sch001 Other assets that may be included at fair value

s.sch001 (1) Where the special nature of the LLP's business requires...

s.sch001 Accounting for changes in value

s.sch001 The fair value reserve

s.sch001 Reserves

s.sch001 It must be stated whether the accounts have been prepared...

s.sch001 Paragraphs 47 to 61 require information which either supplements the...

s.sch001 Loans and other debts due to members

s.sch001 Fixed assets

s.sch001 (1) Subject to sub-paragraph (2), the members must not include...

s.sch001 Information about fair value of assets and liabilities

s.sch001 (1) This paragraph applies if— (a) the LLP has financial...

s.sch001 Information where investment property and living animals and plants included at fair value

s.sch001 Reserves and provisions

s.sch001 Provision for taxation

s.sch001 Every profit and loss account must show the amount of...

s.sch001 Guarantees and other financial commitments

s.sch001 Miscellaneous matters

s.sch001 Paragraphs 63 to 67 require information which either supplements the...

s.sch001 Separate statement of certain items of income and expenditure

s.sch001 Particulars of tax

s.sch001 Particulars of turnover

s.sch001 Particulars of members

s.sch001 Miscellaneous matters

s.sch001 Sums denominated in foreign currencies

s.sch001 Dormant LLPs acting as agents

s.sch001 (1) For every item shown in the balance sheet or...

s.sch001 Post balance sheet events

s.sch001 LLP's own accounts: guarantees and other financial commitments in favour of group undertakings

s.sch001 Amounts in respect of items representing assets or income may...

s.sch001 The members of the LLP must, in determining how amounts...

s.sch001 Where an asset or liability relates to more than one...

s.sch002 Subsidiary undertakings

s.sch002 Financial years of subsidiary undertakings

s.sch002 Exemption from giving information about significant holdings in non-subsidiary undertakings

s.sch002 Construction of references to shares held by LLP

s.sch002 Introductory

s.sch002 Subsidiary undertakings

s.sch002 Holdings in subsidiary undertakings

s.sch002 Associated undertakings

s.sch002 Requirement to give information about other significant holdings of parent LLP or group

s.sch002 Construction of references to shares held by parent LLP or group

s.sch002 Significant holdings in undertakings other than subsidiary undertakings

s.sch002 (1) The name of the undertaking must be stated.

s.sch002 (1) Subject to paragraph 12, there must also be stated—...

s.sch002 Parent undertaking drawing up accounts for larger group

s.sch003 General rules

s.sch003 The conditions for accounting for an acquisition as a merger...

s.sch003 (1) Where a group is acquired, paragraphs 9 to 11...

s.sch003 (1) The following information with respect to acquisitions taking place...

s.sch003 (1) There must also be stated in a note to...

s.sch003 Where during the financial year there has been a disposal...

s.sch003 The information required by paragraph 13, 14 or 15 need...

s.sch003 Non-controlling interests

s.sch003 Joint ventures

s.sch003 Associated undertakings

s.sch003 (1) The consolidated balance sheet and profit and loss account...

s.sch003 (1) The formats set out in Schedule 1 to these...

s.sch003 (1) The interest of an undertaking in an associated undertaking,...

s.sch003 Related party transactions

s.sch003 Deferred tax balances

s.sch003 (1) Where assets and liabilities to be included in the...

s.sch003 Amounts that in the particular context of any provision of...

s.sch003 Elimination of group transactions

s.sch003 Acquisition and merger accounting

s.sch003 An acquisition must be accounted for by the acquisition method...

s.sch003 (1) The acquisition method of accounting is as follows.

s.sch004 Financial instruments

s.sch004 References to provisions for liabilities are to any amount retained...

s.sch004 Purchase price

s.sch004 Staff costs

s.sch004 (1) The expressions listed in sub-paragraph (2) have the same...

s.sch004 Fixed and current assets

s.sch004 Historical cost accounting rules

s.sch004 Listed investments

s.sch004 Loans

s.sch004 Materiality

s.sch004 Participating interests

s.sch004 Provisions

s.schedule/1/part/1/crossheading/the/required/format The amount of any convertible loans must be shown separately....

s.schedule/1/part/1/crossheading/the/required/format (6) Payments received on account

s.schedule/1/part/1/crossheading/the/required/format Payments received on account of orders must be shown for...

s.schedule/1/part/1/crossheading/the/required/format (7) Other creditors including taxation and social security

s.schedule/1/part/1/crossheading/the/required/format The amount for creditors in respect of taxation and social...

s.schedule/1/part/1/crossheading/the/required/format (8) Accruals and deferred income

s.schedule/1/part/1/crossheading/the/required/format The two positions given for this item in Format 1...

s.schedule/1/part/1/crossheading/the/required/format The two positions given for this item in Format 2...

s.schedule/1/part/1/crossheading/the/required/format (9) Net current assets (liabilities)

s.schedule/1/part/1/crossheading/the/required/format In determining the amount to be shown for this item...

s.schedule/1/part/1/crossheading/the/required/format (1) Concessions, patents, licences, trade marks and similar rights and assets

s.schedule/1/part/1/crossheading/the/required/format (10) Loans and other debts due to members

s.schedule/1/part/1/crossheading/the/required/format The following amounts must be shown separately under this item—...

s.schedule/1/part/1/crossheading/the/required/format (11) Creditors

s.schedule/1/part/1/crossheading/the/required/format Format 2 1. Turnover 2. Change in stocks of finished...

s.schedule/1/part/1/crossheading/the/required/format (12) Cost of sales: distribution costs: administrative expenses

s.schedule/1/part/1/crossheading/the/required/format These items must be stated after taking into account any...

s.schedule/1/part/1/crossheading/the/required/format (13) Income from other fixed asset investments: other interest receivable and similar income

s.schedule/1/part/1/crossheading/the/required/format Income and interest derived from group undertakings must be shown...

s.schedule/1/part/1/crossheading/the/required/format (14) Interest payable and similar expenses

s.schedule/1/part/1/crossheading/the/required/format The amount payable to group undertakings must be shown separately....

s.schedule/1/part/1/crossheading/the/required/format Amounts in respect of assets are only to be included...

s.schedule/1/part/1/crossheading/the/required/format (15) Format 1

s.schedule/1/part/1/crossheading/the/required/format (2) Goodwill

s.schedule/1/part/1/crossheading/the/required/format Amounts representing goodwill are only to be included to the...

s.schedule/1/part/1/crossheading/the/required/format (3) Debtors

s.schedule/1/part/1/crossheading/the/required/format The amount falling due after more than one year must...

s.schedule/1/part/1/crossheading/the/required/format (4) Prepayments and accrued income

s.schedule/1/part/1/crossheading/the/required/format This item may be shown in either of the two...

s.schedule/1/part/1/crossheading/the/required/format (5) Debenture loans

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

The Large and Medium-sized Limited Liability Partnerships (Accounts) Regulations 2008

Does it bind you?

Other Acts binding the same actors

What it requires

Schedules