Cardiff Services

Annual Filings of LLP

Annual Filings of LLP

At Cardiff Service, we assist LLPs in complying with their statutory annual filing requirements to ensure smooth operations and regulatory adherence. Annual filings for an LLP primarily include the preparation and submission of Statement of Account & Solvency and the Annual Return (Form 11) to the Ministry of Corporate Affairs (MCA). The Statement of Account provides a summary of the LLP’s financial position, including assets, liabilities, and capital contribution details, while the Annual Return updates information about designated partners and members. Additionally, LLPs must file Income Tax Returns with the Income Tax Department. Timely and accurate filings prevent penalties, maintain legal compliance, and provide transparency for partners and stakeholders. Cardiff Service ensures that all financial records, tax computations, and statutory forms are prepared professionally and submitted within the prescribed deadlines, providing LLPs with a seamless compliance experience.

Features of Annual Filing for LLPs

  • Statement of Account & Solvency Preparation – Accurate preparation of financial statements reflecting the LLP’s assets, liabilities, and partner contributions.

  • Annual Return Filing (Form 11) – Updates details of designated partners, members, and registered office with the MCA.

  • Income Tax Compliance – Filing of LLP income tax returns on time with proper tax computation.

  • Regulatory Compliance – Ensures adherence to the LLP Act, 2008 and MCA requirements.

  • Audit Support (if applicable) – Assistance with LLP audits for firms exceeding the turnover or capital thresholds.

  • Document Management – Organized maintenance of accounting records and statutory documents.

  • Deadline Management – Timely filing to avoid penalties and interest.

  • Professional Expertise – Guidance and support from experienced Chartered Accountants.

  • Partner Transparency – Provides clarity on financial positions and partner contributions.

  • Advisory Services – Offers advice on tax planning, regulatory compliance, and financial management.

Documents Required for LLP Annual Filings

  1. Financial Statements

    • Statement of Account & Solvency (showing assets, liabilities, and capital contributions)

    • Profit & Loss details (if applicable)

  2. LLP Information

    • Details of designated partners and members

    • Registered office address proof

  3. Accounting Records

    • Bank statements

    • Books of accounts (ledger, cash book, journals)

    • Receipts, invoices, and payment vouchers

  4. Tax Records

    • Previous year’s income tax returns (if applicable)

    • Tax payment receipts

  5. Audit Documents (if audit is applicable)

    • Trial balance

    • Supporting invoices and bills

    • Audit working papers

  6. Other Compliance Documents

    • Any MCA notices or prior filings

    • GST/VAT returns (if registered)

Procedure for LLP Annual Filings

  1. Collection of Documents

    • Gather all financial statements, accounting records, bank statements, receipts, and prior filings.

    • Collect details of designated partners, members, and registered office.

  2. Preparation of Statement of Account & Solvency

    • Prepare the LLP’s financial statements, including assets, liabilities, and partner contributions.

    • Ensure accuracy and compliance with the LLP Act, 2008.

  3. Filing the Annual Return (Form 11)

    • Update and verify information about partners, members, and registered office.

    • Submit Form 11 to the Ministry of Corporate Affairs (MCA) within the prescribed timeline.

  4. Tax Computation & Filing

    • Compute taxable income of the LLP and prepare the income tax return.

    • File the tax return with the Income Tax Department before the due date.

  5. Audit Support (if applicable)

    • Conduct statutory audit if LLP exceeds turnover or capital thresholds.

    • Prepare audit reports and incorporate findings into final accounts.

  6. Compliance Review & Advisory

    • Review all filings for accuracy and completeness.

    • Provide advice on tax planning, regulatory compliance, and financial management.

  7. Deadline Management

    • Ensure timely submission to avoid penalties and maintain legal compliance.

Frequently Asked Questions

A company name search ensures that your chosen business name is unique, legally compliant, and not already registered with Companies House UK. It helps you avoid legal disputes, trademark issues, and confusion in the Cardiff business market.

If your desired name is already registered, you’ll need to choose a different name or modify it. Using a taken name could result in rejection by Companies House or potential legal issues. Our experts can help you brainstorm alternative names that are compliant and market-ready.

It’s not advisable to use a name that’s too similar to another company, especially within the same industry. Similar names can confuse customers and risk trademark disputes. A company name search helps you identify these risks early.

For a company name search in Cardiff, you may need:

  • Proposed company name

  • Business entity type (Ltd, LLP, Partnership, etc.)

  • Jurisdiction (Cardiff / UK)

  • Owner or shareholder details (if applicable)

  • Business description

A “high probability” result means your proposed company name is likely to be available, but further checks are recommended. This is why our detailed Cardiff Company Name Search Report includes both identical and similar names for clarity.

Certain words are restricted under UK law (e.g., “bank,” “insurance,” “government”). If you want to use them, you’ll need special approval from regulatory bodies. We guide you through this process if your Cardiff business requires such terms