Whether you are a landlord, a managing agent or one of the volunteer directors of a residents’ management or right to manage company, the annual service charge accounts can feel like a lot of pressure. Leaseholders rightly want to see how their money has been spent, and your lease will often set out exactly how the accounts should be prepared and reported on.
I can prepare your service charge accounts in line with the terms of your lease and the ICAEW’s guidance on residential service charge accounts, and provide the accountant’s report your lease requires. I will work with you or your managing agent to gather the invoices, bank statements and reserve fund details in the most efficient way, taking up as little of your time as possible, so the accounts are ready to send to leaseholders in good time.
Where the building is owned or managed through a company, I can also look after the company’s own year end accounts, tax return and confirmation statement, so everything is dealt with in one place.
The rules on service charge accounts are changing, with new requirements set out in the Leasehold and Freehold Reform Act 2024. I keep up to date with these changes so you don’t have to.
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