{
  "url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-4/paragraph-11",
  "json_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987/schedule-4/paragraph-11.json",
  "legislation": "uksi/1987/2072",
  "legislation_title": "The Building Societies (Accounts and Related Provisions) Regulations 1987",
  "legislation_url": "https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1987",
  "path": "schedule/4/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": "Fixed assets",
  "text": "(1) In respect of each item which is shown under “fixed assets” in the balance sheet the following information shall be given—\n(a) the appropriate amounts in respect of that item as at the date of the beginning of the financial year and as at the balance sheet date respectively; and\n(b) the effect on any amount shown in the balance sheet in respect of that item of—\n(i) any revision of the amount in respect of any assets included under that item made during that year on any basis mentioned in paragraph 14 of Schedule 5 below,\n(ii) acquisition during that year of any assets,\n(iii) disposals during that year of any assets, and\n(iv) any transfers of assets to and from that item during that year.\n(2) The reference in subparagraph (1)(a) above to the appropriate amounts in respect of any item as at any date there mentioned is a reference to amounts representing the aggregate amounts determined, as at that date, in respect of assets falling to be included under that item on either of the following bases, that is to say—\n(a) on the basis of purchase price,\n(b) on any basis mentioned in paragraph 14 of Schedule 5 below,\n(leaving out of account in either case any provisions for depreciation or diminution in value).\n(3) In respect of each item within subparagraph (1) above—\n(a) the cumulative amount of provisions for depreciation or diminution in value of assets included under that item as at each date mentioned in subparagraph (1)(a),\n(b) the amount of any such provisions made in respect of the financial year,\n(c) the amount of any adjustments made in respect of any such provisions during that year in consequence of the disposal of any assets, and\n(d) the amount of any other adjustments made in respect of any such provisions during that year,\nshall also be stated.\n(4) Where any fixed assets of the society are included in the society’s balance sheet at an amount determined on any basis mentioned in paragraph 14 of Schedule 5, the following information shall be given—\n(a) the years (so far as they are known to the directors) in which the assets were severally valued and the several values; and\n(b) in the case of assets that have been valued during the financial year, the names of the persons who valued them or particulars of their qualifications and (whichever is stated) the bases of valuation used by them.\n(5) In relation to any amount which is or would but for Regulation 3(4) above be shown in respect of the item “land and buildings” in the balance sheet there shall be stated—\n(a) how much of that amount is ascribable to land of freehold tenure and how much to land of leasehold tenure; and\n(b) how much of the amount ascribable to land of leasehold tenure is ascribable to land held on long lease and how much to land held on short lease.\n(6) In any case where any goodwill which has been acquired is shown or included as an asset in the balance sheet the period chosen for writing off the consideration for that goodwill and the reasons for choosing that period shall be disclosed.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    },
    {
      "type": "amended",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    },
    {
      "type": "added",
      "affecting": "uksi/1991/2086",
      "affecting_title": "The Building Societies (Accounts and Related Provisions) (Amendment) Regulations 1991"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/2072/schedule/4/paragraph/11",
    "retrieved_at": "2026-10-29T16:16:29.421538+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}