Balance sheet value for properties in an investment company?

Balance sheet value for properties in an...

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Can anyone confirm please that a company which owns residential property that is let,should show the MV in the balance sheet instead of at cost, with any surplus/deficit being take to revaluation reserve.

I assume that you can use director's best estimate of market value and is it the valuation at the y/e rather than the date the accounts are signed off?

Thanks for any help

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By 3569787
03rd May 2016 18:25

Correct

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