Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in
profit or loss. The methods and significant assumptions used to ascertain the fair value of £351,135 and fair
value movement of £90,840 included in the profit/loss for the year are as follows:
The 2019 valuation of the Orgiano property was carried out by Arch Giuseppe Gavazzo registered in the
Register of Architects of the Province of Vicenza at no. 619, Registered in the Register of Technical Consultants
Court of Vicenza at no. 716, C. F. GVZGPP60C27L840B - P.Iva 01924530247, with studio in Torri di Quartesolo
(VI) Via Dal Ponte 187/8, 36040, Torri di Quartesolo.
The director has calculated a further revaluation for the year to 31 May 2022 based on the change in valuations
of similar properties.