# The Companies, Partnerships and Groups (Accounts and Reports) (No. 2) Regulations 2015, Regulation 4: Amendments to Schedules 1, 2 and 3 to the Large and Medium-sized Companies Accounts Regulations


(1) Schedule 1 (Companies Act individual accounts: companies which are not banking or insurance companies) to the Large and Medium-sized Companies Accounts Regulations is amended in accordance with paragraph (2).
(2) In Section B of Part 2 (accounting principles and rules: historical cost accounting rules), in paragraph 20 (fixed assets: rules for depreciation and diminution in value), after sub-paragraph (1) insert—
“(1A) But provision made in accordance with paragraph 19(2) in respect of goodwill must not be written back to any extent.”.
(3) Schedule 2 (banking companies: Companies Act individual accounts) to those Regulations is amended in accordance with paragraph (4).
(4) In Section B of Part 2 (accounting principles and rules: historical cost accounting rules), in paragraph 26 (fixed assets: rules for depreciation and diminution in value), after sub-paragraph (1) insert—
“(1A) But provision made in accordance with paragraph 25(3) in respect of goodwill must not be written back to any extent.”.
(5) Schedule 3 (insurance companies: Companies Act individual accounts) to those Regulations is amended in accordance with paragraph (6).
(6) In Section D of Part 2 (accounting principles and rules: historical cost accounting rules), in paragraph 39 (valuation of assets: general rules), after sub-paragraph (1) insert—
“(1A) But provision made in accordance with paragraph 38(2) or (3) in respect of goodwill must not be written back to any extent.”.

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Source: https://www.legislation.gov.uk/uksi/2015/1672/regulation/4 (the official version)
Page: https://openlegislation.uk/companies-partnerships-and-groups-accounts-and-reports-no-2-regulations-2015/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.