Financial reporting

A Client (Limited Company) owns a freehold commercial property. During the year they granted a 10 year lease to a new tenant for an upfornt premium of £150K + annual rental of £25K (market rate).

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SSAP 19 states that investment properties should be stated at market value but is this always necessary given the cost of a valuation ?

1

Hi all,

This is a special thanks to all who responded to my discussion last month 'Financial Management Analysis & Reporting - Do you use Excel?'.

Please, any suggestion, any tip...

Suppose company supplied $1000 loan for 3 year to its subsidiary. Total amount of interest company will receive is $300, i.e. $100 per year.

We spend 5k on a roof repair. I'm thinking as this is clearly a repair to the existing roof (it was leaking), there is no way we could call this capital and must write it off.

8

Been to see a client today and his Sage project costing has gone "funny"

I have splashed out £1 each and downloaded a couple of small companies' Abbreviated Accounts from Companies House website. They show only Abbreviated Balance Sheets.

2

ICAEW executive director Robert Hodgkinson speaks to Gina Dyer ahead of an international debate about whether financial reporting is part of the problem, or indeed the solution to financial sta

1

I successfully registered a new company today online. In the Regt Office address (for street name) - I spelt Woolwich as Woolich.

1. Does it matter?

2. If yes how do I correct it?

2

A new client has approached me to prepare her first years statements for the flat management company of which she is a director.

2

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