1024. Dormant LLPs
(1) For the purposes of the Companies Regulations an LLP is "dormant" during any period in which it has no significant accounting transaction.
(2) A "significant accounting transaction" means a transaction that is required by section 379 to be entered in the LLP's accounting records.
(3) In determining whether or when an LLP is dormant, there shall be disregarded any transaction consisting of the payment of —
(a) a fee to the Registrar on a change of the LLP's name,
(b) a fine under section 426 (default in filing accounts), or
(c) a fee to the Registrar for the registration of an annual return.
(4) Any reference in the Companies Regulations to a body corporate other than a company being dormant has a corresponding meaning."