# Companies Act 1985, Paragraph 27: Development costs

Extent: E+W+S

(1) Notwithstanding that amounts representing “development costs” may be included under Assets item 9 in the balance sheet format, an amount may only be included in a company’s balance sheet in respect of development costs in special circumstances.
(2) If any amount is included in a company’s balance sheet in respect of development costs the following information shall be given in a note to the accounts:
(a) the period over which the amount of those costs originally capitalised is being or is to be written off; and
(b) the reasons for capitalising the development costs in question.

---
Source: https://www.legislation.gov.uk/ukpga/1985/6/schedule/9/paragraph/27 (the official version)
Page: https://openlegislation.uk/companies-act-1985/schedule-9/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.