UK Loans and Profit and Loss- Charges basically

[AnAspiringAccountant]

If I borrow against a fixed asset, should or indeed would that be likely to go into the P&L? In the UK, under FRS 102 I mean.

Loans tend not to, tend to help the Balance Sheet and perhaps Cash Flow but if it is secured against a fixed asset or a set of fixed assets or companies, does this boost the Profit and Loss account for the year or is this entirely the incorrect treatment?

Many thanks!