444. Meaning of "annual accounts" and related expressions

Past version: effective from 21/10/2015 - 20/10/2015
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(1) In this Part an LLP's "annual accounts", in relation to a financial year, means —
(a) any individual accounts prepared by the LLP for that year (see section 383 (duty to prepare individual accounts)), and
(b) any group accounts prepared by the LLP for that year (see sections 388 (option to prepare group accounts) and 389 (duty to prepare group accounts)).
This is subject to section 392 (option to omit individual profit and loss account from annual accounts where information given in notes to the individual balance sheet).
(2) An LLP's "annual accounts" for a financial year are —
(a) its annual accounts, and
(b) the auditor's report on those accounts (unless the LLP is exempt from audit).