Related parties under FRS 102 - AccountingWEB

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Both directors live in houses that are provided by the company. John pays a peppercorn rent of £1,000 per year and Janet pays full market rent of £24,000. All rents were up to date by the balance sheet date. Disclosure under FRS 102, Section 33 (full disclosure) During the year the company rented two properties to key management. One property ...


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