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Companies Act 1985

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Changes over time for: Paragraph 35

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Version Superseded: 06/04/2008

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Point in time view as at 11/01/2005. This version of this provision has been superseded. Help about Status

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There are currently no known outstanding effects for the Companies Act 1985, Paragraph 35. Help about Changes to Legislation

Development costsU.K.

35(1)Notwithstanding that amounts representing “development costs”may be included under Assets item B (intangible assets) in the balance sheet format, an amount may only be included in a company’s balance sheet in respect of development costs in special circumstances.

(2)If any amount is included in a company’s balance sheet in respect of development costs the following information shall be given in a note to the accounts —

(a)the period over which the amount of those costs originally capitalised is being or is to be written off; and

(b)the reasons for capitalising the development costs in question.

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