Development costs
- Disclose development costs in accounts notes with write-off period and reasons Trader
Northern Ireland Statutory Rule
1994
United Kingdom
Companies (1986 Order) (Insurance Companies Accounts) Regulations (Northern Ireland) 1994
At a glance
What's here
15 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 14
- Director or Officer 1
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
Directors and Officers also bound by 425 other Acts (top 5 shown)
- Insolvency (England and Wales) Rules 2016 2016 161 duties
- Companies Act 2006 2006 108 duties
- Insolvency Act 1986 1986 72 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 55 duties
- The Housing Administration (England and Wales) Rules 2018 2018 26 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Goodwill
- Depreciate acquired goodwill systematically and disclose the write-off period Director or Officer
Excess of money owed over value received as an asset item
- Write off excess debt asset each year and disclose in notes Trader
(1) Explicit discounting or deductions to take account of investment...
- If you discount insurance claim provisions, follow strict conditions and disclose details Trader
Disclosure of accounting policies
- Disclose accounting policies in your annual accounts Trader
If the company has allotted any shares during the financial...
- Disclose share allotment details in annual accounts Trader
(1) With respect to any contingent right to the allotment...
- Disclose contingent share allotment rights in company accounts Trader
(1) If the company has issued any debentures during the...
- Disclose debenture issue details in annual accounts Trader
Assets
- Disclose asset movements and depreciation in annual accounts Trader
Where any assets of the company (other than listed investments)...
- Disclose valuation history and valuers' details for non-listed assets Trader
Details of indebtedness
- Disclose long-term and secured debts in your annual accounts Trader
Particulars of business
- Disclose detailed breakdown of general insurance business figures Trader
(1) As regards long term business, the company shall disclose—...
- Disclose long-term insurance premium breakdowns in accounts Trader
Browse 55 other Schedules — structural / supplementary
Subject to paragraphs 20 to 29, the amounts to be...
General rules
In the case of any asset included under Assets item...
(1) This paragraph applies to any asset included under Assets...
(1) This paragraph applies to assets included under Assets items...
Assets included at a fixed amount
Determination of cost
(1) Subject to the qualification mentioned below, the cost of...
Substitution of original amount where price or cost unknown
Preliminary
Technical provisions
Provision for unearned premiums
Provision for unexpired risks
Long term business provision
General business
Long term business
Equalisation provision
Accounting on a non-annual basis
(1) The excess of the premiums written over the claims...
(1) The figures shown in the technical account or in...
information required in the case of any company by the...
It shall be stated whether the accounts have been prepared...
Sums denominated in foreign currencies
Share capital and debentures
In relation to any amount which is included under Assets...
Investments
Reserves and provisions
Provision for taxation
If any fixed cumulative dividends on the company’s shares are...
Guarantees and other financial commitments
Dealings with or interests in group undertakings
Miscellaneous matters
Separate statement of certain items of income and expenditure
Particulars of tax
(1) Subject to sub-paragraph (2) there shall be disclosed as...
Commissions
Particulars of staff
Miscellaneous matters
General
Loans
Materiality
Provisions
Staff costs
Fund for future appropriations (19)
Reinsurers' share of technical provisions (12) (1) Provision for unearned...
Accruals and deferred income
In Article 236(2)(b) of the 1986 Order (exemption for parent...
In Article 262(3) of the 1986 Order (exemption from requirements...
Article 263C of the 1986 Order (directors' report where accounts...
In Article 268(6) of the 1986 Order (participating interests), for...
In the index of defined expressions set out in Article...
In Article 276(1) of the 1986 Order (realised profits of...
Schedule 10 to the 1986 Order (directors' report where accounts...
In Schedule 11 to the 1986 Order (modifications of Part...
In Schedule 21 to the 1986 Order (provisions applying to...
sch. 1 para. 1
- Present balance sheet and profit and loss account in prescribed format Trader
sch. 1 para. 5
- Show reserves movements and dividend totals in profit and loss account Trader
Browse 32 other sections — procedural / definitional / commencement
sch. 1
sch. 1 para. 2
sch. 1 para. 3
Citation, commencement and interpretation
(1) Subject to the following provisions of this Part—
Insurance companies
(1) Any item required in accordance with paragraph 1 to...
Insurance groups
(1) In respect of every item shown in the balance...
Form and content of accounts
Subject to the provisions of this Schedule, amounts in respect...
Minor and consequential amendments
Every profit and loss account of a company shall show...
Exempted companies
The provisions of this Schedule which relate to long term...
Transitional provisions
(1) References in this Part to the balance sheet format...
Additional Items
Subject to paragraph 19, the amounts to be included in...
The company shall be presumed to be carrying on business...
If it appears to the directors of a company that...
Subject to paragraphs 27 to 29— (a) the amounts to...
(1) Subject to paragraph 24, investments falling to be included...
(1) This paragraph applies to debt securities and other fixed-income...
(1) Subject to sub-paragraph (5), in the case of investments...
(1) Where— (a) the value of any asset of a...
(1) This paragraph applies where the amounts to be included...
(1) Subject to sub-paragraph (7), with respect to any determination...
Called up share capital not paid Assets items A and...
Outward reinsurance premiums (General business technical account: item I.1(b) Long-term...
ASSETS
Technical account—General business (1) Earned premiums, net of reinsurance
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