Accounts For LLP

LLP Accounts

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I am in the process of preparing accounts for my first LLP client and would be very grateful for answers to the following qustions

1)Are LLP accounts filed in the same way as company accounts with companies house.

2) It is my understanding that the partners will have to declare their share of the profits in the partnership section of their returns and also complete a partnership return. Is that right?

 

Thank you in advance

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By MJShone
25th Sep 2018 11:23

1. Yes
2. Yes

LLP accounts do not look like plain vanilla partnership accounts; there is a set format (much like company accounts). Suggest you look at the LLP SORP.

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Replying to MJShone:
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By kamran37
25th Sep 2018 11:32

I will be using VT Transaction so format should not be a problem.

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By Sheepy306
26th Sep 2018 09:19

I use BTC and you can’t file LLP accounts electronically, so potentially allow sufficient time for old fashioned signatures and post.

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