Carrying value of investment

This discussion explores how to calculate the carrying value of an investment for FY2022. It addresses the scenario where an investment cost £1000 on 1 April 2020, had a market value of £900 on 31 March 2021, and £950 on 31 March 2022. The key question is whether the carrying value should be £950 (the latest market value) or £900, considering accounting standards like AS13 and the principle of net realisable value (NRV).