{"id":306,"date":"2026-10-30T06:39:00","date_gmt":"2026-10-30T06:39:00","guid":{"rendered":"https:\/\/mywebaccountants.com\/index.php\/services\/frs-101-reduced-disclosure-framework\/"},"modified":"2026-10-30T06:39:00","modified_gmt":"2026-10-30T06:39:00","slug":"frs-101-reduced-disclosure-framework","status":"publish","type":"mwa_service","link":"https:\/\/mywebaccountants.com\/index.php\/services\/frs-101-reduced-disclosure-framework\/","title":{"rendered":"Reduced disclosure accounts (FRS 101)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">FRS 101 lets qualifying subsidiaries and parent companies in a group apply the recognition and measurement rules of UK-adopted international accounting standards (IFRS) while taking exemptions from many of the IFRS disclosures. It is a popular choice for UK subsidiaries of international groups.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who can use FRS 101?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">FRS 101 is available to &#8220;qualifying entities&#8221; \u2013 members of a group where the parent prepares publicly available consolidated financial statements that give a true and fair view, and in which the entity is included. Shareholders must be notified and must not object to the use of the disclosure exemptions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why choose FRS 101?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Your accounting policies match the group&#8217;s IFRS reporting, so there&#8217;s no second set of numbers<\/li>\n\n\n<li>Fewer disclosures than full IFRS \u2013 no cash flow statement and reduced related party, financial instrument and share-based payment notes<\/li>\n\n\n<li>Smoother group reporting and audit<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What&#8217;s included<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Conversion from FRS 102 or full IFRS where needed<\/li>\n\n\n<li>Full FRS 101 financial statements and disclosure checklist<\/li>\n\n\n<li>Group reporting pack reconciliation<\/li>\n\n\n<li>Companies House filing and Corporation Tax return<\/li>\n\n\n<li>Coordination with group finance and your auditor<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"\/index.php\/contact-us\/\">Get in touch<\/a> to discuss FRS 101 for your company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRS 101 reduced disclosure accounts for subsidiaries and parent companies in groups reporting under IFRS.<\/p>\n","protected":false},"menu_order":4,"template":"","mwa_service_group":[36],"class_list":["post-306","mwa_service","type-mwa_service","status-publish","hentry","mwa_service_group-annual-accounts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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