We specialise in the "certification" of annual statements or service charge accounts. In respect of residential leasehold properties on which variable service charges are paid by the leaseholders, we follow the latest guidelines provided by the ICAEW through its Technical Release “Tech 03/11”. Tech 03/11 provides guidance prepared by a joint working group comprising representatives of the Association of Chartered Certified Accountants, ICAEW, the Institute of Chartered Accountants of Scotland, the Association of Residential Managing Agents ("ARMA") and the Royal Institution of Chartered Surveyors ("RICS").
We deal with some of the most complex structures and the different types of companies that can be used. For example, a company can own the freehold or it could hold a headlease instead. Under the Commonhold and Leasehold Reform Act 2002, introduced on 27 September 2004, property may be held as commonhold, where common parts are owned and managed by "commonhold association", which is a company.
We focus on helping our clients to prepare readily understandable, user friendly statements of account, prepared on a timely basis.
In particular we:
- Prepare service charge accounts and provide the accountant’s report of factual findings or "certification";
- Prepare limited company accounts for filing at Companies House
- Prepare corporation tax and trust tax returns and deal with HMRC as authorised agent for our clients
- Provide company secretarial services
All our services are priced in advance on a fixed fee quotation basis having clearly understood the requirements of our clients.