In Section A of Part 1 of Schedule 1 (general rules: non-IAS individual accounts) -

(a) at the beginning of paragraph 1(3) (general requirements for format of balance sheets and  profit and loss accounts) insert "Subject to paragraph 1A,";

(b) after paragraph 1 insert -

"1A.

(1) The members of the LLP may adapt one of the balance sheet formats in Section B so as to distinguish between current and non-current items in a different way, provided that -

(a) the information given is at least equivalent to that which would have been required by the use of such format had it not been thus adapted, and

(b) the presentation of those items is in accordance with generally accepted accounting principles or practice.

(2) The members of the LLP may adapt one of the profit and loss account formats in Section B, provided that -

(a) the information given is at least equivalent to that which would have been required by the use of such format had it not been thus adapted, and

(b) the presentation is in accordance with generally accepted accounting principles or practice.