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Sonnets LLPTax · Accounting · Advisory

🇦🇪 United Arab Emirates

Financial Statements Preparation

IFRS financial statements, ready for your auditor, the FTA and your free zone.

Request a fixed-fee proposal Try the free financial statements check

Particulars of engagement

Jurisdiction
UAE
Cadence
Annual · within the audit window
Basis
IFRS · Ministerial Decision No. 82 of 2023
Fee
Fixed, agreed upfront
Review
Managing partner

Corporate Tax returns are built on financial statements, many free zones require audited accounts for licence renewal, and the FTA requires audited statements once revenue exceeds AED 50 million.

We prepare complete IFRS or IFRS for SMEs financial statements — primary statements, accounting policies and disclosure notes — and coordinate with your appointed auditor through to sign-off.

Scope of work

  1. 01Statement of financial position, profit or loss and cash flows
  2. 02Statement of changes in equity and disclosure notes
  3. 03IFRS 15 revenue and IFRS 16 lease accounting
  4. 04Fixed asset register and depreciation schedules
  5. 05Year-end adjustments, accruals and provisions
  6. 06Related-party disclosures
  7. 07Audit file preparation and auditor liaison
  8. 08Free zone submission support

Clean, well-supported statements typically shorten audits by weeks — and reduce audit fees.

How the engagement runs

  1. 01Free consultation. A 30-minute call with a managing partner to understand your business and obligations.
  2. 02Fixed-fee proposal. A clear scope and fixed fee — no hourly billing surprises.
  3. 03Onboarding. We collect documents, set up access and map every upcoming deadline.
  4. 04Delivery & review. Work is delivered on schedule, with partner review before anything is filed.

Questions clients ask

Do I need audited financial statements?

It depends on your jurisdiction and size. Mainland LLCs and many free zones require audits, and Corporate Tax requires them above AED 50 million revenue. Our free requirements checker gives a quick answer.

Do you also perform the audit?

No — independence rules prevent the preparer from auditing the same statements. We prepare the statements and work alongside your licensed auditor.

Hand over Financial Statements.

Talk to one of our partners today and find out how much time and money you could save on tax, bookkeeping and compliance.

Request a proposal

or call 0330-685-1625 · business@sonnetsllp.com