The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 Sch 3 para 61

Sch 3 para 61 Disclosure of accounting policies

The accounting policies adopted by the company in determining the amounts to be included in respect of items shown in the balance sheet and in determining the profit or loss of the company must be stated (including such policies with respect to the depreciation and diminution in value of assets).