Hi,
Could anyone confirm for me if you need to disclosure a reconciliation of the movements in Members interests in abbreviated LLP financial statements under UK GAAP?
I tried searching the web, but couldn't find any guides on this.
Many thanks,
Nick
Replies (5)
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No
I use VT to prepare accounts and it doesn't include members interests in the abbreviated accounts. I submitted last years accounts to Companies House without the members interest note and I had no problems.
Not needed
The reconciliation is a requirement of the SORP. It is not a legal requirement and hence is not required in the abbreviated accounts.
Philip Hodgson
VT Software
Agreed
See my cryptic comments at http://www.vtsoftware.co.uk/support/llpaccounts.htm
Philip Hodgson
VT Software