Flat Management Accounts

Flat management companies sit in an unusual position: a Companies Act entity that must file at Companies House, holding service charge money that belongs to leaseholders and is governed by landlord and tenant law. Many general practices handle one side and fumble the other. We prepare both the company's statutory accounts and the separate service charge accounts, keeping residents' management companies (RMCs), right to manage (RTM) companies and freehold management companies fully compliant.

Two Sets of Accounts, Two Sets of Rules

Most flat management companies need two distinct outputs each year: - Statutory accounts for Companies House under the Companies Act 2006 — often dormant or micro-entity accounts where the company itself barely trades - Service charge accounts for leaseholders under the Landlord and Tenant Act 1985, showing service charge income, expenditure and reserves

Service charge money is held on trust for leaseholders under section 42 of the Landlord and Tenant Act 1987, so it should not simply be merged into the company's own figures. We prepare each set on the correct basis and explain how they fit together.

Who We Act For

- Residents' management companies (RMCs) named in the lease - Right to manage (RTM) companies formed under the Commonhold and Leasehold Reform Act 2002 - Freehold management companies owned by flat owners - Managing agents who need a reliable accounts partner for their portfolio

We work directly with directors or alongside your managing agent, whichever suits your block.

Our Flat Management Accounts Services

- Statutory accounts preparation and Companies House filing (including dormant and micro-entity accounts) - Service charge accounts with income, expenditure and reserve fund statements - Independent accountant's certification of service charge accounts where the lease or good practice requires it - Service charge budget support and year-end reconciliations - Company secretarial support: confirmation statements, director changes and registers - Liaison with managing agents, freeholders and leaseholders

Deadlines and Peace of Mind

Statutory accounts are due at Companies House within 9 months of the year end, and late filing brings automatic penalties starting at £150 — awkward when the directors are volunteer leaseholders. Service charge demands and summaries have their own timing rules under the lease and the 1985 Act. We run the compliance calendar for you, chase what we need from the agent, and make sure nothing slips.

What You Get With Acumon

• Statutory and service charge accounts from one specialist team
• Dormant and micro-entity accounts where the company itself does not trade
• Service charge funds treated correctly as trust money
• Reserve fund statements and year-end reconciliations
• Certification of service charge accounts where required
• Companies House filings and secretarial support included if needed
• Direct liaison with managing agents and leaseholders

Why Acumon for Flat Management Accounts?

• ICAEW-registered firm of chartered accountants
• UK-based team of 90+ staff
• Works directly with directors or alongside managing agents
• Integrated company secretarial support for confirmation statements and registers

Get a Fixed-Fee Quote

Tell us what you need and we'll come back within one business day with a clear scope and a fixed price — no hourly-rate surprises. Call 020 8567 3451 or use the form and we'll be in touch.