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Companies Act 1985

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Changes over time for: Alternative accounting rules

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Version Superseded: 06/04/2008

Alternative versions:

Status:

Point in time view as at 06/04/1997.

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1985, Alternative accounting rules. Help about Changes to Legislation

Alternative accounting rulesE+W+S

41(1)Intangible fixed assets, other than goodwill, may be included at their current cost.

(2)Tangible fixed assets may be included at a market value determined as at the date of their last valuation or at their current cost.

(3)Investments of any description falling to be included under Assets items 7 (Participating interests) or 8 (Shares in group undertakings) of the balance sheet format and any other securities held as financial fixed assets may be included either:

(a)at a market value determined as at the date of their last valuation; or

(b)at a value determined on any basis which appears to the directors to be appropriate in the circumstances of the company;

but in the latter case particulars of the method of valuation adopted and of the reasons for adopting it shall be disclosed in a note to the accounts.

(4)Securities of any description not held as financial fixed assets (if not valued in accordance with paragraph 34 above) may be included at their current cost.

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