Property management company accountants

Accountants for residents' management companies and right to manage companies, service charge accounts, section 42 client money rules and dormant-style company filings.

• Service charge accounts prepared to the ICAEW and ACCA technical guidance

• Independent examination or accountant's report on the service charge statement

• Companies House accounts for the RMC or RTM company itself

• Section 42 trust money kept properly separate from company funds

• Reserve and sinking fund accounting, with the tax position handled

• Confirmation statement, directors' changes and register maintenance

Service charge money is held on trust for the leaseholders under section 42 of the Landlord and Tenant Act 1987. It is not the company's income, so it does not belong in the company's profit and loss account. Two separate sets of figures are needed: the statutory accounts of the company and the service charge accounts for the leaseholders.

Leaseholders have a statutory right to a summary of relevant costs, and most leases require certified service charge accounts within a set period of the year end. Section 20 consultation rules bite on works above £250 per leaseholder and long-term agreements above £100 per leaseholder a year, and failing to consult caps recovery at those figures.

A residents' management company with no activity beyond holding service charge money is often able to file as a very small or dormant-style company, but interest earned on reserve funds can be taxable, and trust income is assessed at the trust rate rather than corporation tax in many structures. The position needs checking rather than assuming nothing is due.

Thresholds, rates and deadlines quoted here reflect the 2026/27 UK position. Check current GOV.UK guidance, or ask us, before you rely on them for your own company.

We start by looking at the last filed accounts, your current records and your filing dates, then confirm a fixed scope and fee in writing.

Once the work is live you get reminders ahead of each deadline, a named person to ask questions, and a plain-English summary when the figures are ready, not a PDF with no explanation.