{
  "url": "https://openlegislation.uk/companies-act-1985/schedule-9/paragraph-59",
  "json_url": "https://openlegislation.uk/companies-act-1985/schedule-9/paragraph-59.json",
  "legislation": "ukpga/1985/6",
  "legislation_title": "Companies Act 1985",
  "legislation_url": "https://openlegislation.uk/companies-act-1985",
  "path": "schedule/9/paragraph/59",
  "kind": "paragraph",
  "number": "59",
  "heading": "Reserves and provisions",
  "text": "(1) Where any amount is transferred:\n(a) to or from any reserves;\n(b) to any provisions for liabilities, or\n(c) from any provision for liabilities otherwise than for the purpose for which the provision was established;\nand the reserves or provisions are or would but for paragraph 3(3) of this Part of this Schedule be shown as separate items in the company’s balance sheet, the information mentioned in the following sub-paragraph shall be given in respect of the aggregate of reserves or provisions included in the same item.\n(2) That information is:\n(a) the amount of the reserves or provisions as at the date of the beginning of the financial year and as at the balance sheet date respectively;\n(b) any amounts transferred to or from the reserve or provisions during that year; and\n(c) the source and application respectively of any amounts so transferred.\n(3) Particulars shall be given of each provision included in Liabilities item 6(c) (Other provisions) in the company’s balance sheet in any case where the amount of that provision is material.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 9 Pt. 1 para. 59(1)(b) substituted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 14(4), Sch. 5 para. 9(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 9 Pt. 1 para. 59(1)(c) substituted (12.11.2004 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Companies Act 1985 (International Accounting Standards and Other Accounting Amendments) Regulations 2004 (S.I. 2004/2947), reg. 14(4), Sch. 5 para. 9(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1985/6/schedule/9/paragraph/59",
    "retrieved_at": "2026-10-29T10:00:40.159612+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."
}