Letter of Representation – LLP Accounts and Members’ Returns

The members’ letter approving an LLP’s accounts and partnership tax return, covering members’ interests, profit allocation, salaried member status and audit exemption.

Editable Word document
10
10pages
Guidance notes included
aml consultancy solutions

Accountancy practice – client documents

Letter of Representation – LLP Accounts and Members’ Returns

About this document

What it’s for

A letter from the members of a limited liability partnership to your firm, signed by the designated members, confirming approval of the LLP’s accounts and its partnership tax return (SA800), and the information behind members’ remuneration, profit allocation and members’ interests. Includes firm guidance, a tailoring table, a members’ minute and a checklist.

When to use it

  • Every year-end for a small or micro LLP whose accounts and SA800 you prepare
  • Where profit allocation, members’ balances or salaried member status involve judgement
  • When members join or leave during the year

What’s inside

The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.

  1. Approval of the accounts and the return
  2. Members’ responsibilities
  3. Records and completeness
  4. The LLP agreement and profit allocation
  5. Tax status of members
  6. Going concern, related parties and later events
  7. Laws, regulations, fraud and claims
  8. Specific representations

Also included

  • Part 1 – Guidance for your firm
  • Appendix B – Members’ minute
  • Appendix C – Firm checklist

How to complete it

  • Complete the members’ balances table from the final accounts
  • Choose the profit allocation and salaried member options
  • Have every designated member sign, with the members’ meeting recorded

Key points to check

  • The audit exemption statement wording for LLPs, the LLP SORP edition and the Companies House reform dates

Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.

Included in the pack

Accountancy practice – client documents

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Editable Microsoft Word files

Guidance notes in every document

Written for UK businesses

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