Cost or valuation at 31 December 2023 is represented by:
£105,532: Valuation in 2000
£ 65,000 : Valuation in 2014
£ 25,000 : Valuation in 2015
(£22,500): Valuation in 2017
£ 54,468 : Cost
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£227,500: Total
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If investment properties had not been revalued they would have been included at the following historical cost:
Cost at 31 December 2024: £54,468 (2023: £54,468)
Investment properties were valued by specialists at a market value on the 17 November 2017. The directors deem for this to be the value on the 31 December 2024.