12 Property, plant and equipment — Company


Land and
buildings
£000
Fixtures and
fittings
£000
Total
£000
Cost


Balance at 1 April 2010 and 31 March 2011 3,497 750 4,247
Additions
Balance at 31 March 2012 3,497 750 4,247
Depreciation and impairment


Balance at 1 April 2010 885 738 1,623
Depreciation charge for the year 54 4 58
Balance at 31 March 2011 939 742 1,681
Balance at 1 April 2011 939 742 1,681
Depreciation charge for the year 54 2 56
Balance at 31 March 2012 993 744 1,737
Net book value


At 1 April 2010 2,612 12 2,624
At 31 March 2011 2,558 8 2,566
At 31 March 2012 2,504 6 2,510

Included in the net book value of land and buildings are £2.50 million (2011: £2.56 million) of freehold land and buildings.

£3.50 million (2011: £3.50 million) of land and buildings have been recognised at a deemed cost that is equal to their fair value at transition date as allowable under IFRS/transition rules.

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