1. Narrative reporting
1.1. Members’ report
1.2. Energy and carbon report
1.3. Members responsibilities
2. Consolidated financial statements
2.1. LLP Group financial statements
2.2. Parent LLP size classification
2.2.1. Parent LLP size classification
2.2.2. Group size classification
2.3. Small group exemption
2.3.1. Small group exemption
2.3.2. Entitlement to group exemption – auditor's report
2.4. Medium-sized and large LLP group financial statements
3. Micro LLPs
3.1. Qualifying as a micro LLP
3.2. Format of micro LLP accounts
3.2.1. Format of micro LLP accounts
3.2.2. Micro LLP balance sheet
3.2.3. Micro LLP profit and loss account
3.2.4. Notes to micro LLP accounts
3.2.5. Additional information in micro LLP accounts
3.2.6. Members’ statements
3.3. Accounting by micro LLPs
3.3.1. Accounting by micro LLPs
3.3.2. Differences from FRS 102
3.4. Audit considerations for micro LLPs
4. Dormant LLPs
4.1. Definition of ‘dormant LLP’
4.2. Conditions for exemption from audit for dormant LLPs
4.2.1. Requirements for audit exemption
4.2.2. Members’ statements – entitlement to exemption
4.3. Dormant subsidiary LLP exemption from preparing or filing financial statements
5. Audit requirements and exemptions
5.1. LLP audit exemption overview
5.1.1. Decision chart to determine LLP audit exemption
5.1.2. Audit exemption categories
5.2. Small LLP audit exemption
5.2.1. Requirements and conditions for audit exemption
5.2.2. LLPs excluded from the small LLP audit exemption
5.2.3. Groups – availability of small audit exemption
5.3. Subsidiaries audit exemption for LLPs
5.4. Audit exemption: members’ statement
5.5. LLP audit and assurance reports
5.5.1. Form of audit and assurance reports
5.5.2. Filing exemptions
5.5.3. Compilation reports
6. Filing LLP financial statements
6.1. General requirements
6.2. Filing exemptions for small LLPs
6.2.1. Filing ‘filleted’ financial statements
6.2.2. Members’ statement – filing exemptions taken
6.3. Practical considerations when filing filleted financial statements
6.3.1. Which notes to remove
6.3.2. The effect on other primary statements
6.3.3. Presentation of the filleted accounts
6.3.4. The accountant’s compilation report
6.4. Filing financial statements with HMRC
7. Financial reporting framework
7.1. Accounting Standards
7.2. FRS 102 Section 1A and FRS 105 for LLPs
7.3. The LLP SORP
7.4. IFRS for LLPs
7.4.1. IFRS for LLPs
7.4.2. Adoption of IAS by LLPs in UK
7.5. FRS 101 for LLPs
7.5.1. FRS 101 for LLPs
7.5.2. Specifics within the standard
7.6. Challenges for LLPs adopting an IFRS-based framework
7.6.1. Challenges for LLPs adopting an IFRS-based framework
7.6.2. Members’ capital and loans
7.6.3. Members’ remuneration
7.6.4. Retirement benefits
7.6.5. Merger accounting and group reconstructions
8. Legal requirements for LLPs
8.1. Limited Liability Partnerships Act 2000
8.2. Accounting regime under the Companies Act 2006 as applied to LLPs
8.2.1. The Companies Act 2006 as applied to LLPs
8.2.2. Companies Act 2006 Part 15 – Accounts and Reports
8.2.3. Companies Act 2006 Part 16 – Audit
8.3. Size classification for LLPs
8.3.1. Decision tree to determine size qualification
8.3.2. The small limited liability partnerships regime
8.3.3. Qualifying conditions – ‘micro’, ‘small’ and ‘medium-sized’ LLPs
8.3.4. Parent entities and small groups
8.4. LLP financial statements
8.4.1. LLP financial statements
8.4.2. Format of LLP financial statements
8.4.3. Accounting principles applicable to LLPs
8.5. Approval and signature of accounts
8.6. Publication of statutory and non-statutory accounts
9. Format and content of LLP financial statements
9.1. Provisions for LLPs
9.2. Format of LLP financial statements
9.2.1. Form and content
9.2.2. The statutory formats
9.3. Notes to the financial statements
9.3.1. Requirements of the Regulations
9.3.2. Disclosure of auditor’s remuneration – audited LLPs
9.4. Small LLP financial statements
9.4.1. Small LLP financial statements
9.4.2. Members' statements
9.4.3. Abridged accounts