Schedule 2, Part 2 LLP not required to prepare group accounts (paras. 8-12)
Reason for not preparing group accounts
(1) The reason why the LLP is not required to prepare group accounts must be stated.
(2) If the reason is that all the subsidiary undertakings of the LLP fall within the exclusions provided for in section 405 of the 2006 Act (non-IAS group accounts: subsidiary undertakings included in the consolidation), it must be stated with respect to each subsidiary undertaking which of those exclusions applies.
Holdings in subsidiary undertakings
(1) There must be stated in relation to shares of each class held by the LLP in a subsidiary undertaking -
(a) the identity of the class, and
(b) the proportion of the nominal value of the shares of that class represented by those shares.
(2) The shares held by or on behalf of the LLP itself must be distinguished from those attributed to the LLP which are held by or on behalf of a subsidiary undertaking.
Financial years of subsidiary undertakings
10. Where -