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Streamlined LP Accounts and Tax Return Solutions!

Effortlessly Manage Your LP Accounts & Tax Return

Looking for expert support with your Limited Partnership (LP) accounts in the UK? Our experienced team is here to provide tailored assistance and expert guidance throughout the process.

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What You Need to Know about Filing Your LP Accounts

Filing your LP accounts is a crucial obligation for every limited partnership (LP) in the UK. Similar to LLPs, LPs must annually prepare and submit their 'statutory accounts' to both Companies House and HMRC, alongside their tax return.

Content of LP Accounts

Content of LP Accounts

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

Penalties for Late Filing

Penalties for Late Filing

Late submission incurs a civil penalty, ranging from £150 to £1,500, depending on the duration of delay.

Deadline for Filing

Deadline for Filing

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

Audit Requirements

Audit Requirements

Small and micro LPs typically bypass audit requirements, while medium and large LPs are subject to audit.

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Why Choose us for your LP Accounts?

As a firm of chartered certified accountants, we provide expert service of preparing and filing statutory accounts for your limited partnership (LP). Unlike ordinary accountants, we understand the specific accounting issues faced by property funds and property sector in general, and whole process would be hassle-free.

Expertise and Experience

Our team of experienced professionals possess the knowledge and proficiency to accurately prepare and file your LP Accounts, ensuring compliance with all relevant regulations.

Tailored Solutions

We understand that every business is unique. Whether you’re a small startup or a large corporation, we provide personalised services to suit the size and complexity of your company.

Timely Service

We value your time and work diligently to meet filing deadlines and ensure that your company accounts are prepared accurately and promptly.

Compliance and Accuracy

With our meticulous approach, we guarantee that your company accounts are prepared in strict accordance with the latest standards and regulations, leaving no room for error.

Proactive Tax Planning

We go beyond just preparing your company accounts. We offer proactive tax planning advice to help optimise your tax strategies, and ensure you are benefitting from available tax reliefs.

Cost-Effective Solutions

Our services deliver exceptional value, offering competitive pricing without compromising on the expertise and quality we provide to meet your accounting needs.

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Our Working Process

How We Work

Our work is centered around innovation, efficiency, collaboration, and delivering exceptional results to our clients.

Strategic Discovery Call and Tailored Proposals

Personalised tailored proposals following strategic discovery calls for tailored solutions.
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Efficient Information Collection and Analysis

Thoroughly gather and analyse all pertinent information for comprehensive analysis.
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Review and Compliance Assurance​

Thorough review for accuracy, compliance, addressing concerns, making adjustments before finalisation.
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Seamless Submission and Ongoing Support​

Seamless submission after final approval. Ongoing full support for all of your queries.

What our clients say

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.

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Meet Our Experts

Meet our esteemed Team Leads, driving financial prowess in property accounting with strategic acumen and leadership.