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Foreign investment property trans under FRS102 S1A

How to account for the foreign exchange diffs each year using FRS102 for first time?

Preparing accounts under FRS102 Section 1A for the first time.    

An investment property is owned overseas and although there is no change to the $ value in 2015, 2016 and 2017, the change in exchange rate means the £ value is £10,000 higher in 2016 and £20,000 higher in 2017.

There is no revaluation reserve in the old accounts and I understand that under FRS102 we are required to show this at fair value.   Does the uplift simply go into the P&L as an exchange rate profit with a note to the accounts explaining the transitional adjustment? 



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