// FRS 102 Section 20 Compliance
FRS 102 Lease Accounting
Software for UK SMEs
Automated. Accurate. Audit-Ready.
Transition to FRS 102 Section 20 in hours, not weeks. Upload your lease documents and let AI extract the data. We handle the calculations, journal entries, and disclosures — your auditors get a complete trail.
No credit card required · 14-day free trial · Cancel anytime
300,000+ UK & Ireland companies need FRS 102 compliance.
Enterprise-grade accuracy. SME-friendly pricing. From £200/year.
What keeps Finance Directors awake
The regulatory landscape is a minefield.
We are the map.
About Us
Built by practitioners, for practitioners
Denis Plakhov
Founder & Technical Lead
UK SMEs shouldn't need enterprise budgets to get audit-proof lease accounting. After 25 years delivering compliance systems to clients like Shell and BP, Denis founded Lease102 to bring that same rigour to the mid-market — at a fraction of the cost.
- SAP Certified Professional — S/4HANA Financials
- Enterprise lease management at Accenture & IBM
- 25+ years across 6 countries
- Deep UK GAAP & audit compliance expertise
Trusted by finance teams in property, energy, manufacturing, and professional services
Lease102 isn't a generic platform with FRS 102 bolted on. It's purpose-built for UK GAAP — native Section 20 logic, proper OBR calculations, and the nuances that matter when your auditor reviews your lease accounting.
Being a focused team means you'll never submit a support ticket into a void. Questions go directly to people who understand lease accounting — not first-line agents reading from scripts.
25+ years
Enterprise Finance & Leasing
SAP Finance, Real Estate & Lease Management implementations for enterprise and mid-market clients worldwide
SAP to Sage
Your Systems, Understood
Hands-on implementation across SAP, Oracle NetSuite, Sage, D365 Business Central, MRI Software and Nakisa — from FTSE 100 to growing UK businesses
FRS 102
Native UK GAAP
Purpose-built for Section 20 — not an IFRS 16 retrofit with a localisation layer
UK & Ireland
London & Dublin
Local presence, local compliance knowledge, local support hours
Who We Serve
Built for UK businesses like yours
Retail
Multi-location shops, offices & warehouses
Property
Commercial landlords, REITs
Manufacturing
Equipment & vehicle lease portfolios
Professional Services
Law firms, consultancies
Hospitality
Hotels, restaurants, leisure
Accounting Firms
Managing client lease portfolios
Native FRS 102 Logic
Built for UK GAAP. Not retrofitted from IFRS 16.
Global tools force you through IFRS complexity. We leverage FRS 102 simplifications — OBR portfolios, qualitative exemptions, and UK-specific provisions.
OBR Calculation — FRS 102.20.51-52
OBR = SONIA Reference Rate + Credit Spread
Live Bank of England SONIA and ECB €STR rates, updated daily. Credit spread guidance by entity size. The discount rate most UK SMEs need — calculated automatically.
AI Document Extraction
Upload your lease agreement (PDF or scan). Our AI extracts commencement date, term, payments, escalations, and more.
95%+ accuracy on standard UK formats. You review before calculations run.
OBR Calculation with Live Rates
Bank of England SONIA and ECB €STR updated daily. Automate your Obtainable Borrowing Rate — the discount rate method most SMEs use under FRS 102.20.51-52.
OBR = Reference Rate + Credit Spread. We handle the complexity.
FRS 102 Calculations
Lease liability, ROU asset, dilapidation provisions, rent reviews, and amortization schedules. Every formula references FRS 102 paragraphs.
Handles the dual-standard interaction Excel misses.
7-Year Audit Trail
Full version history of every lease modification, remeasurement, and calculation change. Companies Act compliant retention.
Complete audit documentation. Your auditors will thank you.
Team Collaboration
Invite your finance team with role-based permissions. Control who can view, edit, or approve lease calculations.
Owner, Accountant, Viewer roles.
Lease Modifications
Handle rent reviews, term extensions, and payment changes. Automatic remeasurement per FRS 102.20.54-58.
Original vs revised rate — we apply the correct one.
Expiration Alerts
Automatic email notifications for expiring leases and rate changes. Configure daily, weekly, or monthly digests.
Never miss a renewal deadline.
Multi-Currency Support
GBP, EUR, and USD. Manage lease portfolios denominated in multiple currencies.
Professional tier and above.
ERP Integration
Connect to Xero, Sage, or Dynamics 365. Auto-post FRS 102 journal entries directly to your general ledger — no manual re-keying.
Seamless ledger sync. Eliminate manual journals.
Transition Impact Analysis
Instant impact analysis for the January 2026 deadline. See exactly how FRS 102 adoption changes your P&L, balance sheet, and debt covenants.
Visualise the numbers before you commit.
Why Lease102
Compare your options.
Spreadsheets don't scale. Generic software lacks UK-specific logic. See how Lease102 compares.
| Feature | Spreadsheets | Generic Software | Lease102 |
|---|---|---|---|
| FRS 102 specific calculations | Manual | ||
| Live SONIA/€STR rates | |||
| OBR calculation support | |||
| Audit trail | |||
| AI document extraction | |||
| FRS 102 disclosure reports | |||
| Modification tracking | Manual | ||
| Termination & impairment | Manual | ||
| Expiration alerts | |||
| Journal entry generation | Manual | ||
| UK/Ireland optimised | |||
| Data hosted in UK/EU | |||
| Data abstraction (25 leases) | 100 hours / £5,000 | 100 hours / £5,000 | 12 hours / £625 |
| Software (25 leases/year) | "Free" | £2,000+ | £490 |
Security & Compliance
Enterprise-grade security.
No compromises.
Your lease data is sensitive. We treat it that way. Bank-level encryption, complete tenant isolation, and GDPR compliance as standard.
AES-256 Encryption
Bank-level encryption for all data at rest
TLS 1.3
Latest encryption protocol for data in transit
Row-Level Security
PostgreSQL RLS ensures complete tenant isolation
UK/EU Data Centres
Your data never leaves UK/EU jurisdiction
GDPR Compliant
Full compliance with UK & EU data protection
High Availability
99.9% uptime target on Enterprise tier
Infrastructure hosted on Vercel and Neon PostgreSQL. SOC 2 Type II compliant infrastructure partners.
“Lease102 is an exciting development in the field. Its entity extraction capacity and ability to scale give users the power to execute with speed, certainty, and confidence.”
The standard is mandatory. Are you compliant?
FRS 102 Section 20 is now in effect. Get compliant before your next audit — without the spreadsheet chaos.
Upload Your Lease Schedule
Import from Excel, CSV, or upload PDFs for AI extraction. We support batch imports for larger portfolios.
Calculate Opening Balances
We calculate your opening ROU assets and lease liabilities using the modified retrospective approach.
Generate Transition Adjustments
Get your cumulative catch-up adjustment to retained earnings — ready for your accountants.
Ongoing Compliance
Monthly journal entries, amortization schedules, and disclosure notes — all automated.
Transition support included
- Opening balance calculations per FRS 102.20.A3
- Cumulative adjustment to retained earnings
- No comparative period restatement required
- Full audit documentation for Day 1
- Professional plan: 1-hour guided onboarding
- Enterprise: Dedicated migration support
Plans & Pricing
Enterprise-grade compliance.
SME-friendly pricing.
Every formula references FRS 102. Every calculation is auditable. Every journal entry is defensible. From £200/year.
14-day free trial with Professional features
Starter
For single-location businesses
- 5 active leases
- 2 team members
- 5 AI extractions/month
- Email support
Growth
For growing businesses
Everything in Starter, plus:
- 25 active leases
- 5 team members
- 25 AI extractions/month
- Batch import
No credit card required · 14-day free trial · Cancel anytime
All plans include: FRS 102 calculations • Modifications & terminations • 7-year audit trail • Export to Excel/CSV • ERP integrations • Email alerts • Chatbot support • Live reference rates (SONIA & €STR)
FAQ
Questions? We have answers.
FRS 102 Section 20 is the UK accounting standard for lease accounting. It requires lessees to recognise most leases on their balance sheet as a right-of-use asset and a corresponding lease liability. The new requirements are mandatory for accounting periods beginning on or after 1 January 2026.
Still have questions? Get in touch