That Retail Property Guy
Welcome to That Retail Property Guy, the podcast where retail property expert Gary Marshall champions retail tenants and empowers professionals across the industry. With a career spanning decades, a dozen retailers, and millions in recovered losses for leading UK retailers, Gary shares his unparalleled knowledge to help retail tenants protect their rights, navigate leases, and maximise opportunities often overlooked by landlords, estates and accounts teams.
This podcast is your go-to resource for unlocking the mysteries of retail property. Whether you're an experienced professional, a mid-sized chain, or someone just starting in the industry, Gary’s insights will help you build confidence, avoid pitfalls, and thrive in this complex field.
Through practical advice, real-world examples, and interviews with industry leaders, That Retail Property Guy is dedicated to fostering development and knowledge-sharing for the next generation of retail property experts.
Listen weekly and discover how small insights can lead to big wins for retail tenants everywhere. Start your journey to retail property mastery today!
That Retail Property Guy
FRS 102: Retailers Need to Act Now!
Preparing for FRS 102: New Financial Reporting Changes for Retailers
In this episode of 'That Retail Property Guy,' host Gary Marshall discusses the upcoming changes in accounting rules under FRS 102, which will be mandatory from January 1, 2026. These changes significantly impact how lease liabilities must be reported on balance sheets for businesses in the UK and Republic of Ireland. Gary explains the new requirements and stresses the urgency for businesses to talk to their advisors and ensure compliance well before the deadline. The episode serves as a crucial informational resource for retailers looking to navigate these impending financial reporting changes.
00:00 Introduction and Overview
00:20 Upcoming Changes in Accounting Rules
01:00 Understanding FRS 102
02:21 Impact on Retail Occupiers
04:11 Implementation Challenges and Advice
05:06 Discussion Points for Property Community
06:08 Detailed Considerations for Lease Reporting
12:30 Calculating Lease Liabilities
16:48 Strategic Implications and Final Thoughts
17:48 Conclusion and Call to Action
Other Relevant Episodes
FRED82, IFRS16 and FRS102: How New Regulations on Lease Reporting Impact Retailers' Balance Sheets
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