In Section B of Part 2 of Schedule 1 to the 2008 Regulations (historical cost accounting rules) -

(a) in paragraph 19 (provisions for diminution in the value of assets), in sub-paragraph (1), after "set out in" insert "Section B of";

(b) in paragraph 21 (development costs), for sub-paragraph (1) substitute -

"(1) Development costs may only in special circumstances be included in "other intangible assets" under "fixed assets" in the balance sheet formats set out in Section B of Part 1 of this Schedule.";

(c) in paragraph 26 (assets included at a fixed amount), for sub-paragraph (1) substitute -

"(1) Subject to sub-paragraph (2), the following may be included at a fixed quantity and value in the balance sheet formats set out in Section B of Part 1 of this Schedule -

(a) assets which fall to be included amongst the fixed assets of a company under the item "intangible assets", and

(b) raw materials and consumables within the item "stocks"."; and