Carbon Accountancy
Chartered Accountants
80–83 Long Lane
London EC1A 9ET

Service Charge audits and investigative services relating to blocks of flats.

Service charges

Many blocks of flats are owned by freeholders who manage the property and charge the leaseholders annual service charges. At Carbon Accountancy we provide the following services:

Audit and tax

  • audit of the annual service charge
  • preparation of tax returns for interest on the sinking fund

Investigations

Review of service charges to ensure that leaseholders are not being overcharged. We have often found that managing agents appointed by freeholders (particularly where they are managing large numbers of blocks of flats) often make errors – either in charging one block of flats for services provided to another block of flats, or in losing paperwork to support the payments made on behalf of a block of flats. In addition, some managing agents make mistakes in relation to what the lease provides for leaseholders to be charged.

Related information

Company accounts

Audits

Forensic accounting

In brief

  • for freehold owners of blocks of flats
  • provide audit of the annual service charge
  • prepare the necessary tax returns
  • service charge review

Get in touch

To discuss this service further –
+44 (0)20 7710 5300
or email us

Audits

Many clients require an audit either for statutory purposes or to present financial information to regulators, banks or stakeholders.

Audits