simple Small LLP accounts question...

kachaloo

hi there

I have never prepared LLP accounts before.

Anybody please share their experience and comment on my proposed P&L and BS..

thanks

LLP First year accounts 2 partners 50/50

(Not Exact figure)
P&L
fee turnover

---

£9000
less COS+admin etc

---

6000
Net Profit

---

3000
(automatic division of all profit as remuneration)
members remuneration charged as expense ---3000
divisible profit among member

---

NIL


BS
total asset

---

9500


Represented by:
Equity:
Capital (cash introduced 50/50)

---

11000

Loans & debt within one yerar:
Drawings

---

(4500)
remuneration charged as expense

---

3000

---

total member interest

---

9500