icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Building Societies (Accounts and Related Provisions) Regulations 1998 [SI 1998 No. 504]Introductory TextRegulation 1 Citation and commencementRegulation 2 InterpretationRegulation 3 Annual accountsRegulation 4 Group accounts: supplementary provisionsRegulation 4A Accounts in euroRegulation 5 Notes to annual accountsRegulation 6 Holdings in undertakingsRegulation 7 Accounting principles and rulesRegulation 8 Directors' reportRegulation 9 Annual business statementRegulation 10 Summary financial statementRegulation 11 Interpretation of SchedulesRegulation 12 Transitional provisionsRegulation 13 RevocationSchedule 1Schedule 1, Part I Format of society income and expenditure accountSchedule 1, Part II Format of consolidated income and expenditure accountSchedule 1, Part III Provisions applicable to Parts I and IISchedule 2Schedule 2, Part I Format of society balance sheetSchedule 2, Part II Format of consolidated balance sheetSchedule 2, Part III Provisions applicable to Parts I and IISchedule 3Schedule 3, Part I Format of society statement of the source and application of fundsSchedule 3, Part II Format of consolidated statement of the source and application of fundsSchedule 3, Part III Provisions applicable to Parts I and IISchedule 4 Form and content of the annual accounts of a group accounts societySchedule 5 Notes to annual accountsSchedule 6 Notes to annual accounts: information in respect of holdings in undertakingsSchedule 6, Part I Societies not required to prepare consolidated accounts (paras. 1-8)Schedule 6, Part II Societies required to prepare consolidated accounts (paras. 9-19)Schedule 6, Part III Supplementary provisions (para. 20)Schedule 7 accounting principles and rulesSchedule 7, Part I Accounting principles (paras. 1-6)Schedule 7, Part II Departure from accounting principles (para. 7)Schedule 7, Part III Fixed assets (paras. 8-13)Schedule 7, Part IV Current assets (paras. 14-16)Schedule 7, Part V Other accounting rules (paras. 17-25)Schedule 7, Part VI Alternative accounting rules (paras. 26-31)Schedule 7, Part VIA Valuation at Fair Value (paras. 31A-31F)Schedule 7, Part VII Assets and liabilities denominated in foreign currencies (paras. 32-33)Schedule 8 Directors' reportSchedule 9 Annual business statementSchedule 10 Summary financial statementSchedule 10, Part I Format of summary financial statement (Building Societies Act accounts society)Schedule 10, Part IA Format of summary financial statement (IAS accounts society)Schedule 10, Part II Provisions applicable to Part ISchedule 11 Interpretation of SchedulesSignatureExplanatory Note
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 28th December 2024
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 March 1998 - onwards
Version 2 of 2

Schedule 7, Part II Departure from accounting principles (para. 7)

Regulation 7

7. If it appears to the directors of a society that there are special reasons for departing from any of the principles stated in Part I in preparing annual accounts in respect of any financial year, they may do so, but particulars of the departure, the reasons for it, and its effect shall be given in a note to the annual accounts.

PreviousNext