Abbreviated Company Accounts online. How do I calculate depreciation on property?

Question

Companies house won't let you submit without filling in the depreciation requirement, but it's not something I've ever done in the past when they were submitted by post. The only asset is the freehold, which will show no depreciation anyway.

Answer 1

Property tends to appreciate in value.

I would assume that if the property fell in value from balance sheet to the next, I would assume you would charge the P&L with the loss but my accountant does my abbreviated accounts and I don't have property on the balance sheet.

In fact, it's such a good question, I'm gonna ask my accountant when I next see him.