U.K. Professional Clients
U.K. Private Customers
All limited liability partnerships (LLPs), whether dormant or trading, must file a set of annual accounts each year with both Companies House and HM Revenue and Customs (HMRC). A dormant LLP must therefore retain all the same annual accounting records as a trading LLP.
A dormant LLP is defined by having "no significant accounting transactions" during an accounting period. When preparing accounts, the partners of an LLP are free to ignore the following transactions if they are the only transactions associated with the business: -