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UK Sport: Property

Volume 487: debated on Wednesday 28 January 2009

To ask the Secretary of State for Culture, Media and Sport what non-heritage (a) buildings and (b) land are leased by UK Sport; and what estimate has been made of the value of these assets. (250260)

UK Sport have advised that they do not own any buildings or land.

UK Sport operate from offices at 40 Bernard Street, London WC1N 1ST, and lease of this property, which is not listed or scheduled, is treated as an operating lease and UK Sport does not capitalise, in accordance with Generally Accepted Accounting Practice. At 31 March 2008 UK Sport had £0.55 million leasehold improvements in the balance sheet at cost. The depreciated value was £0.1 million.