Accounts & Financial

Our Accounts Team work closely with Estate Managers to prepare clear, accurate, itemised Service Charge Budgets, which set out the estimated running costs for the coming year and form the basis of the service charge. Provision is made for irregular large expenditure items such as redecorations and major repairs in order to spread the cost of these over a number of years.

Regular management accounting information is produced throughout the year to enable expenditure to be monitored and controlled.

Service Charge Accounts are prepared each year for individual developments and certified by independent chartered accountants.

Service charge monies are held in trust in a dedicated bank account in accordance with current legislation and recognised good practice.