Statement of Account & Solvency
Form 8 records an LLP's financial position and a solvency declaration from its designated partners, and is due every year alongside the Annual Return.
The Statement of Account & Solvency, filed in Form 8, is a mandatory annual ROC filing for every LLP, due within 30 days from the end of six months of the financial year — by 30 October. It contains a summary of the LLP's assets and liabilities and a declaration by the designated partners that the LLP is able to pay its debts. LLPs above prescribed turnover or contribution thresholds also need it certified by a practicing Chartered Accountant.
What our Form 8 service includes
From preparing the underlying financials to filing the certified statement.
- Preparing the statement of assets and liabilities
- Drafting the solvency declaration for designated partners
- Coordinating certification where a threshold applies
- Reconciling figures with the LLP's books of account
- Filing Form 8 on the MCA portal
- Retaining filing acknowledgment and supporting records
What Form 8 contains
Two parts, both signed off by the designated partners.
Statement of Accounts
A summary of the LLP's assets, liabilities, income and expenditure for the financial year.
Solvency Declaration
A statement by the designated partners confirming the LLP is able to meet its liabilities as they fall due.
Certification Threshold
LLPs crossing prescribed turnover or contribution limits require the statement to be certified by a Chartered Accountant.
Our process
From initial consultation to completion.
Close the Books
Finalise the LLP's income, expenditure, assets and liabilities for the financial year.
Prepare the Statement
Draft Form 8 with the summarised financial position and the solvency declaration.
Certify If Applicable
Arrange certification by a practicing professional where the LLP crosses the prescribed threshold.
File Before 30 October
Submit Form 8 on the MCA portal and retain the acknowledgment for the LLP's records.
Why Form 8 filings get delayed
What sets our approach apart.
Books aren't closed in time
Form 8 needs finalised figures, so a delay in bookkeeping pushes the filing itself past the deadline.
Certification requirement is missed
LLPs sometimes aren't aware they've crossed the threshold that requires professional certification.
Treated as less urgent than Form 11
Because Form 8 falls later in the year, it's easy to deprioritise after Form 11 is filed.
Statement of Account & Solvency questions answered
What people ask before engaging us.
Books ready but not sure about Form 8?
Send us your financials and we'll prepare and file the statement.
