Subject-Matter Index

Accounting principles. See Preparation of accounts—accounting principles

Ancillary relief proceedings. See Valuation of company assets—family provision

Preparation of accounts

accounting principles

in 1987 put/call agreement, option profits defined by reference to accounts for latest financial year audited in accordance with UK approved accounting standards—on party’s request in 1997 for purchase of shares, option profits determined in accordance with updated accounting practice: Corbin v. Throgmorton (C.A.), 1997–99 GLR N [2]

Valuation of company assets

family provision

in ancillary proceedings for family provision, inappropriate to attempt precise valuation of entity unlikely to be sold, e.g. private family company—value of assets important under Matrimonial Causes Act 1973, s.25, but court not to involve itself in minutiae of accounting theory: DE v. DE (Royal Ct.), 2011–12 GLR 301

proper valuation of trading business to be by reference to profits—valuation on basis of turnover only for professional services companies—valuation on 5-year basis preferable to 3-year basis so exceptional year impacts less: DE v. DE (Royal Ct.), 2011–12 GLR 301