LLP wholly owning overseas company | AccountingWEB

LLP wholly owning overseas company

UK LLP wholly owns a Swiss company - this was a necessary structure to have a business representative in Switzerland.
LLP pays monthly invoices which cover the company outgoings including the representatives salary, expenses and office rental, and will break even.There won't be any dividends paid, so I would have thought that nothing needs reporting in the UK. Am I correct?
And is there any need for consolidated accounts?

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From what you say, no.

Hansa |
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