Company paid £125k (50%) reservation deposits for flats being constructed (to rent out on completion) in y/e 31/10/17 and those deposits were recognised as land & buildings (FA). Now the company is likely to lose the deposits as the constructor has gone in liquidation in Jan-2019 (currently in liquidation). We are finalising the accounts for y/e 31/10/18. How do we treat this in the accounts (micro accounts under FRS105) and for tax purposes? Post-balance sheet event disclosure? What will be the impact for corporation tax? Thanks for the help.