An existing client asked me to look at the accounts of a resident's company, covering the close he lives in.
It is a company limited by guarantee without share capital and "owns the private road with an annual subscription to pay for it's maintance and has approximately £30000 in the bank"
Companies House search reveals dormant accounts being filed with £15 cash @ bank and no other assets shown This situation is the same each year going back to beyond 2011
Not wishing to seem a complete prat to the client. Anyone got ideas as how this can be correct