FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats
Published: 17 July 2025
Response deadline: 10 October 2025
| Title | FRED 87 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Adapted formats |
|---|---|
| Format | pdf, 425.7 KB |
On this page
Overview
The FRC proposes amendments that are designed to ensure FRS 102 remains fit for purpose and consistent with IFRS Accounting Standards in respect of the adapted formats for the balance sheet and/or the profit and loss account, which some companies choose to present in accordance with one of the options in UK company law. These amendments are proposed to maintain the existing level of alignment following recent changes to IFRS Accounting Standards. Those entities that do not choose to adapt their financial statement formats under FRS 102 will not be impacted by these amendments.
Comments on FRED 87 are requested by 10 October 2025.
Outcome
On 18 February 2026 the FRC issued 'Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime – Adapted formats'.
The amendments update the presentation requirements for entities which choose to adapt one of the balance sheet formats and/or one of the profit and loss account formats, as a result of the replacement of IAS 1 'Presentation of Financial Statements with IFRS 18 Presentation and Disclosure in Financial Statements'. Minor clarifications were also made in respect of the 'Periodic Review 2024 amendments'.
| Name | Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime – Adapted formats |
|---|---|
| Publication date | 18 February 2026 |
| Type | Amendment |
| Format | PDF, 596.1 KB |
| Name | Feedback Statement and Impact Assessment - Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime |
| Publication date | 18 February 2026 |
| Type | Feedback paper |
| Format | PDF, 296.5 KB |
Annex: Consultation responses
| Title | 01 Matthew Rodhouse response to FRED 87 |
|---|---|
| Format | pdf, 725.9 KB |
| Title | 02 Heathrow response to FRED 87 |
| Format | pdf, 758.6 KB |
| Title | 03 PwC response to FRED 87 |
| Format | pdf, 184.3 KB |
| Title | 04 Deloitte response to FRED 87 |
| Format | pdf, 234.9 KB |
| Title | 05 ICAS response to FRED 87 |
| Format | pdf, 265.1 KB |
| Title | 06 Ernst & Young response to FRED 87 |
| Format | pdf, 181.7 KB |
| Title | 07 Grant Thornton response to FRED 87 |
| Format | pdf, 166.0 KB |
| Title | 08 ICAEW response to FRED 87 |
| Format | pdf, 264.7 KB |
| Title | 09 CAI response to FRED 87 |
| Format | pdf, 107.0 KB |
| Title | 10 ACCA response to FRED 87 |
| Format | pdf, 142.4 KB |
| Title | 11 KPMG response to FRED 87 |
| Format | pdf, 166.5 KB |
| Title | 12 Forvis Mazars LLP response to FRED 87 |
| Format | pdf, 182.4 KB |
| Title | 13 RSM UK response to FRED 87 |
| Format | pdf, 113.2 KB |