The purpose of this helpsheet is to provide guidance on the disclosure of accounting for leases within
statutory financial statements. This helpsheet will consider the provisions within the Companies Act 2006
and the accounting and disclosure requirements within the related accounting regulations, SSAP 21
Accounting for leases and hire purchase contracts, Financial Reporting Standard for Smaller Entities 2008
(FRSSE 2008), FRSSE 2015 and Financial Reporting Standard 102 (FRS 102) The Financial Reporting
Standard Applicable in the UK and Republic of Ireland.