# The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008, Paragraph 39: Other assets that may be included at fair value

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

(1) This paragraph applies to—
(a) stocks
(b) investment property, and
(c) living animals and plants.
(2) Such stocks, investment property, and living animals and plants may be included at fair value, provided that, as the case maybe, all such stocks, investment property, and living animals and plants are so included where their fair value can reliably be determined.
(3) In this paragraph, “fair value” means fair value determined in accordance with generally accepted accounting principles or practice.

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Source: https://www.legislation.gov.uk/uksi/2008/409/schedule/1/paragraph/39 (the official version)
Page: https://openlegislation.uk/small-companies-and-groups-accounts-and-directors-report-regulations-2008/schedule-1/paragraph-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.