Partnership Accounts in Co. Act Format?

Partnership Accounts in Co. Act Format?

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Each company has to attach a copy of the partnership accounts to its own accounts when filing. Does anyone have experience of this?

Is there a sample set of accounts out there that we can look at?
Adrian Pearson

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By AnonymousUser
24th Jun 2005 10:50

Thanks James but ..
We do not have a joint venture company. The two companies trade together as partners in a "normal" partnership.

Our issue is how to prepare partnership accounts in Companies Act format - I am thinking in particular about the shareholders funds / partners capital accounts difference.

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By AnonymousUser
24th Jun 2005 14:26

A qualifying partnership
You indicate what would be classified as a "qualifying partnership": a partnership where all the partners are limited companies. This means that The Parnerships and Unlimited Companies (Accounts) Regulations 1993 the members of a qualifying partnership should prepare financial Statements and a "directors" report and obtain an audditors report (if applicable) in accordance with Part VII of the Companies Act.

Basically treating the partnership as a limited company, where the capital accounts form the capital and reserves. GAAP 2004 from CCH helps.

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