Partnership Accounts - Company Formation - UK Registration Services
A qualifying partnership is classed as one which is is administered according to
the laws of the United Kingdom and one which falls in to one of the following
categories:
Partnerships accounts preparation rules are similarly to those of any other company formed in accordance with company law and thus the various audit requirements need to be considered. Hence just like private limited companies, partnerships must prepare and submit their accounts within ten months of their financial year end to Companies House. If the partnership has multiple offices some of which are outside of the UK, the accounts of the other business entities must be placed at the UK head office and made available to any member of the general public who requests them. They must also be able to receive and satisfy requests for these accounts to be sent to people who ask for them. A reasonable charge can be levied to cover the administrative charges of the order. Partnerships may be excluded from the above requirements if they opt for the avenue of providing group or consolidated accounts with supporting notes stating the the exception has been applied. There are sizable fines and penalties should the partner not comply with the above rules and regulations
1. Forming A Company Just Became Easier2. Statutory Requirements For New Companies
3. Non Profit Organisations
4. Company Directors and Secretaries
5. Annual Returns6. Accounts and Accounting Reference Dates
7. Company Auditors
8. Share Capital and Prospectuses
9. Late Filing Penalties
10. The Costs and Benefits of Company Registration
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