In this episode of 'That Retail Property Guy,' host Gary Marshall examines new FRS 102 accounting standards set to impact UK and Irish retailers from January 1, 2026, considering the challenges of transitioning existing leases to the new reporting method, the options available for doing so, and the potential impact on annual accounts. For Retailers with Leases, this episode offers valuable insights into preparing for the significant changes ahead. Tune in for practical tips to ensure a smooth and compliant transition.

00:00 Introduction to the Podcast

00:20 upcoming FRS 102

00:44 Challenges with Existing Leases

01:05 Basics of FRS 102

01:55 Impact on Retailers

06:01 Transitioning to FRS 102

06:24 Modified vs. Full Retrospective Application

09:47 Practical Considerations for Retailers

11:44 Conclusion and Suggestions

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