In Section B of Part 1 of Schedule 1 (required formats for balance sheets: non-IAS individual accounts) -

(a) for the heading "THE REQUIRED FORMATS FOR ACCOUNTS", substitute "THE REQUIRED FORMATS FOR THE ACCOUNTS OF LLPS OTHER THAN MICROENTITIES";

(b) in balance sheet Format 2, for the heading "LIABILITIES", substitute "CAPITAL, RESERVES AND LIABILITIES";

(c) in notes on the balance sheet formats -

(i) in note (3), for "unless the aggregate amount of debtors falling due after more than one year is disclosed in the notes to the accounts", substitute "and, in the case of format 2, the aggregate amount falling due after more than one year must also be shown"; and

(ii) in note (8), omit from "unless the aggregate amount" to the end;

(d) in profit and loss account Format 1 -

(i) in item 12, for "charges" substitute "expenses";

(ii) in items 13 and 14, omit "on ordinary activities"; and

(iii) omit items 15 to 18;

(e) in profit and loss account Format 2 -