related party discloures

Under FRS8, there are various requirements for disclosure.

Do I have to disclose the name of the party the transaction is with?

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I am finalising the accounts for a client and I am in mixed minds as to the correct disclosure for the control and related party notes, the situation is as follows:

Mr & Mrs A - 30%

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FRS8 requires that where the company is controlled by another party, the company should disclose the name and relationship of that party.

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Steve Collings offers a clarification of the financial reporting requirements governing related party disclosures.

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