Tax and Accounting treatment - Gift of Freehold to a Newly formed service charge/management company

I wonder someone could help.
4 leasehold owners of a block of flats who collectively purchased the freehold in Joint names.
6 months later, they formed a company and the freehold title was assigned to the company free of charge.

So the questions are:
In the books of the company, what would be the accounting entries when the gift was received.
Is there any tax consequences that one should worry about?

Many thanks
Anon