Reclassification of Non current liability to current due to events occuring after BS date

This discussion explores whether a gratuity liability of £1 crore, initially classified as non-current on 31st March 2021, should be reclassified as current. The payment was made after the balance sheet date but before Board of Directors approval. The consensus leans towards treating this as an adjusting event, potentially requiring reclassification to current liability, or at least disclosure in the notes to accounts if not yet approved. If employees had resigned before the balance sheet date, it would have been classified as current initially.