Cessation of partnership trade

A partnership ceased trading in Nov 2009 but the date of cessation was not put on 2009/10 return. A small profit was made and set against losses b/f from previous years. There were still losses c/f. Am I right in htinking these losses can not now be relieved?

There are fixed assets on which capital allowances were claimed and thereby increasing the loss. Some of these assets were sold in July 2010 and some are now being used in another business. Would it have been of more benefit to have transferred them at market value at the time without claiming allowances?

Should a partnership return be completed for the year 2010/2011 and include the disposal of the assets or should the partnership return be amended to reflect the actual date the trading ceased and all of the assets transferred at MV and disposed of from the new business?