Section 52: Meaning of “financial statements”
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
52. Meaning of “financial statements”
(1) In this Act, the term “financial statements”, in relation to a limited
partnership and its balance sheet date, means—
(a) a balance sheet for the limited partnership as at the balance
sheet date; and
(b) an income statement which shall—
(i) in the case of a limited partnership trading for profit, be a
profit and loss statement for the limited partnership in relation to the accounting period ending at the balance sheet
date; and
(ii) in the case of a limited partnership not trading for profit, be
an income and expenditure statement for the limited partnership in relation to the accounting period ending at the
balance sheet date,
together with any notes or documents giving information relating to the balance sheet or income statement, including a statement of accounting policies.
(2) The financial statements shall, in the case of limited partnerships
which are required to comply with the International Accounting Standards,
also include—
(a) a statement of changes in the contributions of the partners
between its last two balance sheet dates; and
(b) a cash flow statement.