Section 448A applies to LLPs, modified so as to read as follows -

"448A.Dormant subsidiary LLPs exempt from obligation to file accounts

(1) The members of an LLP are not required to deliver a copy of the LLP's individual accounts to the registrar in respect of a financial year if -

(a) the LLP is a subsidiary undertaking,

(b) it has been dormant throughout the whole of that year, and

(c) its parent undertaking is established under laws of any part of the United Kingdom.

(2) Exemption is conditional upon compliance with all of the following conditions -

(a) all members of the LLP must agree to the exemption in respect of the financial year in question,

(b) the parent undertaking must give a guarantee under section 448C in respect of that year,

(c) the LLP must be included in the consolidated accounts drawn up for that year or to an earlier date in that year by the parent undertaking in accordance with -

(i) if the undertaking is a company, the requirements of this Part of this Act, or, if the undertaking is not a company, the legal requirements which apply to the drawing up of consolidated accounts for that undertaking, or

(ii) international accounting standards,