In Part 3 of Schedule 1 (notes to the accounts: non-IAS individual accounts) -

(a) for paragraph 42 (preliminary) substitute -

"42. Preliminary 

(1) Any information required in the case of an LLP by the following provisions of this Part of this Schedule must be given by way of a note to the accounts.

(2) These notes must be presented in the order in which, where relevant, the items to  which they relate are presented in the balance sheet and in the profit and loss account.";

(b) omit paragraph 43 (reserves);

(c) in paragraph 45 (which specifies paragraphs requiring information supplementing the balance sheet) for "46 to 56" substitute "47 to 55";

(d) omit paragraph 46 (loans and other debts due to members);

(e) omit paragraph 49 (investments);

(f) for paragraph 50 (information about fair value of assets and liabilities) substitute -

"50. Information about fair value of assets and liabilities