Property Assets – Year End Valuations

April 7, 2016

As the end of the financial year closes in many businesses will be planning to prepare their annual accounts.

Property forms a significant part of a balance sheet and thus up to date valuations on these assets is vital. FG Burnett specialises in valuations for accounts purposes whether it be Market Value or Fair Value. The company acts act for many local businesses, charities as well as some of the largest companies in the UK and offer a number of options in terms of reporting whether your company follows UKGAAP or IFRS accounting standards.

One of these reporting options is componentisation for IFRS. FG Burnett has carried out accounts valuation reports providing weighted remaining economic lives (RELs) using componentisation since 2011 on some of the largest property assets in Scotland. This process involves both our valuation and building consultancy teams analysing the individual components of a building and ensuring that the overall value of an asset is fairly split between the elements and the component’s useful lives. The method of depreciation is determined on a reasonable and consistent basis and in many of these cases the adjusted RELs has resulted in significant savings on annual depreciation.

Whatever the status of your company (limited company, plc or public body) or what accounting standards you use, FG Burnett can assist with the valuation of your property assets.  For more information contact Derek Richardson.

 

FG Burnett FG Burnett @FGBurnett Processing Facility with Retail Unit For Sale/May Let. For further info please contact lisa.cowie@fgburnett.co.uk 0… https://t.co/AHkhnPXq3B 18 hours ago
FG Burnett FG Burnett @FGBurnett Opportunities to occupy New Build Landmark Pavilions. Closing Date set for Burns Pavilion 12 noon Friday 11 Februar… https://t.co/UUMTx6nkwg 2 days ago
FG Burnett FG Burnett @FGBurnett New to the market - Open Plan Suite with Car Parking To Let. For info please contact lisa.cowie@fgburnett.co.uk 012… https://t.co/UJ65iMNInJ 2 weeks ago
FG Burnett FG Burnett @FGBurnett New to the market - Open Plan Suite with Car Parking To Let. For info please contact lisa.cowie@fgburnett.co.uk 012… https://t.co/Cqy06Cn7yI 2 weeks ago
FG Burnett FG Burnett @FGBurnett New to the market – Fully Fitted Office Suite with Parking To Let. For info please contact graeme.nisbet@fgburnett.… https://t.co/BMVsMDjw1p 2 weeks ago
FG Burnett FG Burnett @FGBurnett TO LET - ground floor retail/office unit on a prominent corner location in the West End of Aberdeen. Suitable for v… https://t.co/omooxvU0hB 2 weeks ago
FG Burnett FG Burnett @FGBurnett The team at FG Burnett wish you all a Merry Christmas and a healthy and prosperous New Year. #christmaswisheshttps://t.co/HpthlwQmU5 5 weeks ago
FG Burnett FG Burnett @FGBurnett City Centre Retail Unit with Prominent Corner Location To Let. For info please contact daniel.mitchell@fgburnett.co… https://t.co/Xe0zEjpADG 5 weeks ago
FG Burnett FG Burnett @FGBurnett Ground Floor Retail Property To Let/May Sell. For further info please contact daniel.mitchell@fgburnett.co.uk 01224… https://t.co/R1okA6DLK6 6 weeks ago
FG Burnett FG Burnett @FGBurnett 3 Storey Office To Let. Available as a whole or separately. For further info please contact graeme.nisbet@fgburnett… https://t.co/Sy5uxXgyeh 7 weeks ago
FG Burnett FG Burnett @FGBurnett Our Building Surveyors braving the snow in East Kilbride. #commercialproperty #scotland #buildingconsultancyhttps://t.co/R8yFVvieYJ 7 weeks ago
FG Burnett FG Burnett @FGBurnett Grade A Office Building with Car Parking To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 5… https://t.co/ipqKl16eYB 8 weeks ago