The Beeches Management (No 12) Limited

Latest Income & Expenditure and Balance Sheet

The following income & Expenditure report provides details of costs incurred for the past few years and anticipated costs for the next few years. The Balance Sheet shows how much is owed by and to the company. The accounts summaries below show income and expenditure in the years when they were incurred as required by Financial Reporting Standards and recommended by the ICAEW Technical Release on Residential Service Charge Accounts (Section 2.2).

Income & Expenditure

Balance Sheet

Statutory Accounts

The Statutory Accounts for the company are filed at Companies House for each financial year. It is not a requirement that detailed costs are shown within these accounts although it is usual for the directors to voluntarily show the information for the benefit of leaseholders.

Service Charge Accounts

Many of the statutory accounts above were filed as dormant accounts (with no transactions). The lease states that service charge accounts should be prepared to 31 December each year. The service charge accounts below were provided by a previous agent and are for years ending 28 February. The directors consider that the company is acting as principal rather than as an agent and have therefore amended the statutory year end to 31 December from 2018. From 31 December 2018 the statutory accounts will incorporate service charge accounts prepared to 31 December.