392. Individual profit and loss account where group accounts prepared
(1) This section applies where —
(a) an LLP prepares group accounts in accordance with the Companies Regulations, and
(b) the notes to the LLP's individual balance sheet show the LLP's profit or loss for the financial year determined in accordance with the Companies Regulations.
(2) The LLP's individual profit and loss account need not contain the information specified in section 396 (information about employee numbers and costs).
(3) The LLP's individual profit and loss account must be approved in accordance with section 399(1) (approval by members) but may be omitted from the LLP's annual accounts for the purposes of the other provisions of the Companies Regulations.