# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 26: Assets included at a fixed amount

Extent: E+W+S+N.I.

(1) Subject to the following sub-paragraph, assets which fall to be included under Assets item F.I. (tangible assets) in the balance sheet format may be included at a fixed quantity and value.
(2) Sub-paragraph (1) applies to assets of a kind which are constantly being replaced, where:
(a) their overall value is not material to assessing the society’s state of affairs; and
(b) their quantity, value and composition are not subject to material variation.

---
Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/6/paragraph/26 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-6/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.