Financial Reporting Standard (FRS) 102, is the new financial reporting framework which applies to all UK and Republic of Ireland organisations with an accounting period on or after 1st January 2015.

Pine Court have agreed to adopt FRS 102 with reduced disclosures, for the 31st March 2016 statutory financial statements.  The statutory financial statements reduced disclosure requirements letter advises shareholders of this and seeks any objections by 25th April 2016.