LLP Balancesheet

[Raveena Gupta]

Hello,

Can anyone share the balance sheet format or sample for LLP?

[capra...@gmail.com]

did you get ji

[FCS Sudhir B Sutar]

प्रिय महोदय/महोदया,
Dear Sir/Madam,

धन्यवाद/Thank you,

भवदीय/With regards

CS Sudhir Sutar

M.Com.(BP & CG), FCS

Practicing Company Secretary & Registered Trademark Agent

Office :

"Isha Eleganza", No. 2B, 4th Floor,                      Above Reliance Smart, Khanapur Road, 
Tilakwadi, Belgaum - 590006 KA

Phone :

+91 9743767488 | 0831-4217488 


Email :sutar...@gmail.com| cssudh...@gmail.com

 

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[khyat...@gmail.com]

My company got converted to LLP  in April 2023, for which i got balance sheet of company ready too

now FROM WHERE  i hv to file for FY 2022-23? LLP or old Company ?

[Pankaj Khandelwal]

The system is such that you will not be able to file for any. For LLP its not a complete year to file for any financials and for Company, its not in existence now so form AOC-4 will not recognise.

[Mohan Ramaswami]

I Feel, that when u have converted the P Ltd Co to LLP, it means the nature of the enterprise has changed . i presume that the P Ltd Co shareholders continue as the LLP partners. It would be appropriate and proper to file the LLP accounts as of 31.03.2023, as Balance sheet items (statement of affairs) is year end figures, and Profit and Loss account would be merged data of P Ltd Co into LLP.  

If the P Ltd Co had secured loans , have these been transferred to LLP name and has fresh charges been registered in the name of LLP.

Give Notes to accounts in the LLP accounts explaining the sequence of events.

pl note that annual return for LLP last date is May 2023 and for Statement of Affairs it is Oct 2023.

Since details of P Ltd Co would have been extinguished in MCA data base, No need to file BS or AR in P Ltd Co records or CIN .

Views of others welcome.

regards,

Mohan

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/e52d8fed-fb9f-47fa-a373-380529ea912cn%40googlegroups.com.

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CS. R.  Mohan
Mobile: 9908814677

[Pankaj Khandelwal]

We faced the same issue in the year 2019.

It was Apr 2019 when we got the certificate of conversion for which we had filed statement of accounts alongwith P&L and all notes to accounts certified by auditor as on 30 Mar 2019 while applying for conversion.

So we too thought to file for annual return and  financials for the year end 2019 by May 2019 and October 2019 respectively as applicable for LLP.

But as we tried to fill the form it showed error and after raising a ticket we got a favorable reply also. We took that in our record for future reference.

What we feel by whole this issue that you have already covered all the formalities (closing of accounts, audit of accounts, approval of accounts, adoption of accounts etc.), at the time of application for conversion which you must had followed if it were a company.

Feel free for further discussion on this.

Pankaj K

www.cspankaj.in

On Friday, April 28, 2023 at 12:53:12 PM UTC+5:30 Mohan Ramaswami wrote:

I Feel, that when u have converted the P Ltd Co to LLP, it means the nature of the enterprise has changed . i presume that the P Ltd Co shareholders continue as the LLP partners. It would be appropriate and proper to file the LLP accounts as of 31.03.2023, as Balance sheet items (statement of affairs) is year end figures, and Profit and Loss account would be merged data of P Ltd Co into LLP.  

If the P Ltd Co had secured loans , have these been transferred to LLP name and has fresh charges been registered in the name of LLP.

Give Notes to accounts in the LLP accounts explaining the sequence of events.

pl note that annual return for LLP last date is May 2023 and for Statement of Affairs it is Oct 2023.

Since details of P Ltd Co would have been extinguished in MCA data base, No need to file BS or AR in P Ltd Co records or CIN .

Views of others welcome.

regards,

Mohan

On Fri, 28 Apr 2023 at 12:39, Pankaj Khandelwal <con...@cspankaj.in> wrote:

The system is such that you will not be able to file for any. For LLP its not a complete year to file for any financials and for Company, its not in existence now so form AOC-4 will not recognise.

On Thursday, April 27, 2023 at 5:40:44 PM UTC+5:30 khyat...@gmail.com wrote:

My company got converted to LLP  in April 2023, for which i got balance sheet of company ready too

now FROM WHERE  i hv to file for FY 2022-23? LLP or old Company ?

On Thursday, 27 April 2023 at 14:44:37 UTC+5:30 FCS Sudhir B Sutar wrote:

प्रिय महोदय/महोदया,
Dear Sir/Madam,

धन्यवाद/Thank you,

भवदीय/With regards

CS Sudhir Sutar

M.Com.(BP & CG), FCS

Practicing Company Secretary & Registered Trademark Agent

Office :"Isha Eleganza", No. 2B, 4th Floor,                      Above Reliance Smart, Khanapur Road, 
Tilakwadi, Belgaum - 590006 KAPhone :+91 9743767488 | 0831-4217488 
Email :sutar...@gmail.com| cssudh...@gmail.com