Whether it is mandatory to attach Balance Sheet and Profit and Loss if LLP does not cross 40 lakh and 25 lakh limits?
It is only mandatory to attach a disclosure under Micro, Small and Medium Enterprises Development Act, 2006 and in case the contingent liabilities exist, Statement of contingent liabilities is to be attached.
Any LLP, whose turnover does not exceed, in any financial year, forty lakh rupees, or whose contribution does not exceed twenty five lakh rupees, is not required to get its accounts audited.
You can read more about LLP Form 8: Statement of Account & Solvency here
You can also read about procedure to file LLP Form 8 here
Hope this helps!