Looking over a company limited by guarantee set up by 3 (of 4) leaseholders in a converted London house to buy the freehold of the property.
flat management company
What is the correct accounting treatment for the purchase of the freehold by a nominee company acting on behalf of a group of leaseholders?
New guidance from the taxman on how property and “flat management” companies should present their accounts has confused accountants, reports Nick Huber.
We are preparing a set of accounts for a resident management company- that receives in maintenance charges on behalf of tenants and then pays out maintenance expenses etc.
I have just taken over a flat management company which has been going for eight years (including the first year when it was dormant).