Company formation Registration - HOME

Life of a Limited Liability Partnership
Registered office
LLP records
Annual return
Accounting reference dates
Accounting records
Accounts for the members
Accounts for Companies House
Small LLP accounts
Medium -sized LLP accounts
Dormant LLP accounts
Auditors
Charges and mortgages, LLPs registered in England and Wales or in Northern Ireland
Charges and mortgages, LLPs registered in Scotland
Quality of documents
Further information


Introduction - Life of a Limited Liability Partnership


This guide will not cover every event that will come along during the life of your LLP. However, it will give you a good idea of your responsibilities and explain the filing requirements at Companies House during the life of your LLP. If you fail to file your LLP’s annual documents, i.e. annual return and accounts, the registrar may assume that the LLP is no longer carrying on business or in operation and take steps to strike it from the register. If the registrar strikes an LLP off the register, it ceases to exist and its assets become Crown property.

However where an LLP is in operation, the designated members could be prosecuted because they are personally responsible for ensuring that they submit the LLP’s annual documents on time. Failing to do so is a criminal offence. In addition, there is an automatic civil penalty for submitting accounts late.

By complying with your annual requirements and keeping your LLP public record up to date with the changes within your LLP you will avoid any action against the LLP or its members and it will give searchers an up to date picture of your LLP.

Chapters 1 – 3 cover the information you have to deliver to Companies House when particular changes occur within your LLP.

Chapter 4 covers the requirement to file an annual return.

Chapters 5 – 11 cover how you can change your accounting reference date, what type of accounts an LLP may prepare and the filing requirements at Companies House.

Chapter 12 briefly explains the role of an auditor and outlines the circumstances when LLPs need not appoint an auditor.

Chapter 13 covers charge and mortgage registration for LLPs registered in England and Wales, or Northern Ireland.

Chapter 14 covers charge and mortgage registration for LLPs registered in Scotland.

Chapters 15 – 16 give you some useful information about how to deliver the required documents to Companies House and point out some of the general quality requirements that all documents must meet.

This guide does not contain information on how to change an existing LLP’s name due to certain restrictions that are placed on LLP names. Further information on changing the LLP name, is in our guide on ‘Limited Liability Partnerships Incorporation and Names’.

If, after reading this guide, you are in doubt about your responsibilities, you should consider seeking professional advice from a solicitor or accountant.