YMCA TRINITY GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (continued) 1.8 Investment properties
Investment properties consist of those properties not held for social benefit or for use in the business. Investment properties are initially measured at cost and are subsequently measured at fair value, with changes in fair value recognised in the Statement of Comprehensive Income.
1.9 Other tangible fixed assets
Other tangible fixed assets are stated at cost less accumulated depreciation. Depreciation has been provided on a straight line basis to write off over the following periods:
Leasehold property Plant and machinery
over the period of the lease 20-33% per annum on cost 5-33% per annum on cost 20-33% per annum on cost 33% per annum on cost
Furniture, fixtures and fittings
Computer equipment
Motor vehicles
1.10 Depreciation of housing projects
Major components of housing properties are identified and treated as separable assets and are depreciated on a straight line basis over their expected economic useful lives at the following rates:
Property structure
80 years 20 years 30 years 70 years 20 years 40 years 15 years 30 years 15 years
Kitchens
Bathrooms, doors and windows
Roof Lifts
Electrical systems Gas boiler/fires Mechanical systems Refurbishment costs
The estimated lives of the different property components are based on the National Matrix of Property Components issued by the National Housing Federation in collaboration with property surveyors Savills. Freehold land is not depreciated.
1.11 Investment in subsidiaries
The consolidated financial statements incorporate the results of YMCA and its subsidiary, The Cresset Limited. Investments in subsidiaries are stated at cost less impairment in the parent company's individual financial statements.
YMCA Trinity Group 7
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