Your company's assets and liabilities are reported on its balance sheet. Assets go on one side of the sheet, liabilities on the other. The difference between them is the owners' equity in the company -- what the owners would take away if they sold all those assets and paid off all those debts.
Key Points. For all residential premises, whether houses or flats, a landlord may, depending on the circumstances, be liable to be prosecuted if anyone such as a tenant, resident, workman or visitor, is put at risk of being exposed to asbestos or is actually exposed to it.
In addition to making sure that a risk assessment is carried out before any work starts, a landlord must use a competent contractor to carry out repairs or other work. Landlords cannot simply leave matters to contractors. A landlord still has his/her own responsibilities relating to asbestos. At the very least, landlords must check that a contractor is competent. Likewise, any information about the presence of asbestos known to the landlord must be passed onto the contractor.