396. Information about employee numbers and costs

(1) In the case of an LLP not subject to the small LLPs regime, the following information with respect to the employees of the LLP must be given in notes to the LLP's annual accounts —
(a) the average number of persons employed by the LLP in the financial year, and
(b) the average number of persons so employed within each category of persons employed by the LLP.
(2) The categories by reference to which the number required to be disclosed by subsection (1)(b) is to be determined must be such as the members may select having regard to the manner in which the LLP's activities are organised.
(3) The average number required by subsection (1)(a) or (b) is determined by dividing the relevant annual number by the number of months in the financial year.
(4) The relevant annual number is determined by ascertaining for each month in the financial year —
(a) for the purposes of subsection (1)(a), the number of persons employed under contracts of service by the LLP in that month (whether throughout the month or not),
(b) for the purposes of subsection (1)(b), the number of persons in the category in question of persons so employed,
(c) and adding together all the monthly numbers.
(5) In respect of all persons employed by the LLP during the financial year who are taken into account in determining the relevant annual number for the purposes of subsection (1)(a) there must also be stated the aggregate amounts respectively of —
(a) wages and salaries paid or payable in respect of that year to those persons,
(b) social security costs incurred by the LLP on their behalf, and
(c) other pension costs so incurred.
This does not apply in so far as those amounts, or any of them, are stated elsewhere in the LLP's accounts.
(6) In subsection (5) —

"pension costs" includes any costs incurred by the LLP in respect of —
(a) any pension scheme established for the purpose of providing pensions for persons currently or formerly employed by the LLP,
(b) any sums set aside for the future payment of pensions or sums due in respect of employees' end-of service gratuity entitlements directly by the LLP to current or former employees, and
(c) any pensions or end-of service gratuity payments paid directly to such persons without having first been set aside,
"social security costs" means any contributions by the LLP to any state social security or pension scheme, fund or arrangement.
(7) This section applies in relation to group accounts as if the undertakings included in the consolidation were a single LLP."