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Seamless LLP Accounts and Tax Return Solutions!

File Your LLP Accounts and Tax Return Hassle-Free

Seeking expert assistance for your Limited Liability Partnership (LLP) accounts in the UK? Our team of seasoned professionals is ready to offer expert guidance at every step of the way.

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Spearheaded by the UK's polished professional bodies, ACCA and CIOT, we vow that we render the best service from our qualified and regulated accountants and tax advisers.

Essential Information on Filing Your LLP Accounts

What You Need to Know about Filing Your LLP Accounts

Filing your LLP accounts is an essential obligation for every limited liability partnership (LLP) in the UK. Referred to as 'statutory accounts,' these must be prepared and submitted annually to both Companies House and HMRC, alongside the LLP's tax return.

Content of LLP Accounts

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Your LLP’s statutory accounts should include the Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Profit and Loss Account), Notes to the Accounts, and Member’s Report.

Deadline for Filing

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The deadline for filing annual accounts is nine months from the financial year-end. For the first year, the deadline is either 21 months from the date of incorporation or three months from the accounting reference date, whichever is longer.

Penalties for Late Filing

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Failure to deliver accounts on time results in a civil penalty being imposed on the LLP. The amount of the penalty depends on how late the accounts are filed, ranging from ÂŁ150 to ÂŁ1,500.

Audit Requirements

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Small and micro LLPs typically do not require an audit of their accounts. However, medium and large LLPs are generally subject to audit   requirements.

Streamline your LLP Accounts with our expertise and tailored solutions

Why Choose us for your LLP Accounts?

We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.

Expertise and Experience

We have a team of highly skilled professionals with extensive expertise in handling LLP accounts. With years of experience, we possess the knowledge and proficiency to accurately prepare and file your LLP accounts, ensuring compliance with all relevant regulations.

Risk Management
Tailored Solutions

We understand that every business is unique. We offer tailored solutions to meet your specific accounting needs and adapt our services to suit the size and complexity of your LLP, providing personalised attention to your requirements.

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Timely and Efficient Service

We value your time and strive to deliver our services in a timely and efficient manner. We work diligently to meet filing deadlines and ensure that your LLP accounts are prepared accurately and promptly.

LLP Accounts
Compliance and Accuracy

Compliance with accounting regulations is of utmost importance. Our meticulous approach ensures that your LLP accounts are prepared in accordance with the latest standards and regulations.

Tax Allowances and Exemptions
Proactive Tax Planning

We go beyond just preparing your LLP accounts. Our team offers proactive tax planning advice to help optimise your tax strategies, identify potential savings, and ensure you are taking advantage of available tax incentives and reliefs.

VAT return pricing
Cost-Effective Solutions

Our services are competitively priced, providing excellent value for the expertise and quality we offer. We work with you to find the most cost-effective solutions that meet your accounting needs without compromising on the quality of service.

Our Process

How We Work

Experience seamless LLP accounts preparation with us. Our expert team ensures efficiency, accuracy, and compliance throughout the process. Trust us to handle your accounts with precision and professionalism, while you focus on your business's success.

Initial Consultation

We begin by conducting an initial consultation to understand your LLP's specific accounting requirements. We gather relevant information about your business, its structure, financial transactions, and any specific reporting needs.

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Data Collection

We work closely with you to collect all the necessary financial data, including bank statements, invoices, receipts, and other relevant documents. Our team ensures the accuracy and completeness of the information provided.

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Financial Statements Preparation

Using the analysed and adjusted data, we prepare the necessary financial statements, including the Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Profit and Loss Account), along with Notes to the Accounts for transparency and disclosure purposes.

Guide for Partnership
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Budgeting and Cost Management

Review and Finalisation

Once the financial statements and the Member’s Report are prepared, our expert team conducts a thorough review to ensure accuracy, compliance, and consistency. We address any queries or concerns and make necessary adjustments, if required, before finalisation.

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Submission and Filing

After your review and approval, we submit the finalised LLP accounts to the appropriate regulatory authorities, i.e., Companies House and HMRC. We ensure that all required forms and declarations are completed accurately and filed within the designated deadlines.

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Tax Filing Requirements

Ongoing Support

Our commitment to your LLP's accounting needs goes beyond just preparing and filing the accounts. We offer ongoing support, including tax planning, and assistance with any accounting queries or concerns that may arise throughout the year.

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Here is our awesome team

At UKPA, it is done by a team of people evolved from different walks of life. Trained and experienced in property and real estate tax, accounting and compliance matters, most of them are qualified as Chartered Accountants, Chartered Tax Advisers or Chartered Financial Analyst.

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Unlock a world of possibilities with our LLP Accounts solution today! 

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