Ongoing filing obligations and trading disclosures of a limited liability partnership
Ongoing filing obligations and trading disclosures of a limited liability partnership

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Ongoing filing obligations and trading disclosures of a limited liability partnership
  • Trading disclosures
  • Change of details
  • Confirmation statement (annual return)
  • Electing to keep information on the central register at Companies House
  • Accounts
  • Audit requirements
  • Charges
  • Reporting practices and performance

A limited liability partnership (LLP) is a body corporate which is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000). The majority of law applicable to LLPs is actually modified company law rather than partnership law (see Practice Note: The nature of a limited liability partnership and its legal framework).

The requirements for an LLP's ongoing filing obligations and trading disclosures are set out in the LLPA 2000 and the Companies Act 2006 (CA 2006), as modified and applied by certain statutory instruments. The key statutory instruments are:

  1. the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (LLP (Application of CA 2006) Regs)

  2. the Limited Liability Partnerships (Application of Companies Act 2006) (Amendment) Regulations 2013 (LLP (Application of CA 2006) (Amendment) Regs)

  3. the Limited Liability Partnerships (Register of People with Significant Control) Regulations 2016 (LLP (PSC) Regs), as amended by The Information about People with Significant Control (Amendment) Regulations 2017, SI 2017/693

  4. the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (LLP (Accounts & Audit) (CA 2006) Regs), and

  5. Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015 (Names and Trading Disclosures Regs)

An LLP is subject to a very similar regime to that which applies to companies in relation to trading disclosures and filing obligations. This is in contrast