Paragraph 13 Fixed assets
(1)
Where any amount is shown in respect of land including buildings in the association’s balance sheet there shall be stated—
(a)
how much of that amount relates to land of which the freehold is owned by the association and how much relates to land which it holds on a lease; and
(b)
how much of the amount attributable to land held on a leasehold basis relates to land held on a long lease and how much to land held on a short lease.
(2)
In sub-paragraph (1), “long lease” and “short lease” have the same meaning as inparagraph 83 of Schedule 4 to the Companies Act 1985.