Ringley Final Accounts Service, (RFAS) offers bespoke property accounting services to property owners and service charge payers. We are part of the wider Ringley Group with all the expertise that brings. ...more about Ringley Group.
What's new for existing Ringley Management Clients: Final Accounts Service completes the Ringley one-stop-property-shop offering, and supports our values of 100% transparency. Clients to choose what financial package they want:
If you are unsure what you need then ask us for a FREE, no obligation review to see if your service charge accounts are compliant.I'd Like a FREE Accounts review
Property is a tough business and service charge accounts is a specialist area. If your accounts don't stand up to court scrutiny you could lose the service charge debts you are trying to recover.
RFAS specialises in accounts preparation and supports Ringley Legal, our Solicitors practice, and Ringley Property Management. It is this joined up thinking that gives us the expertise to ensure that your service charge accounts are right.
Many get service charge accounts wrong. What the accounts must include is set down in the Landlord & Tenant Act 1985 and the Commonhold & Leasehold Reform Act 2002. As is how to treat surpluses and deficits too. Yet, every year recovery of bad debts is put at risk when Accountants ignore the lease or don't follow the letter of the law. It is law that where there are 5 or more service charge payers, formal service charge accounts must be prepared or you risk a £5,000 fine!
If you are already a Ringley Client by choosing RFAS you can be sure that your accounts are compliant and presented in a user-friendly manner. We will get them done quicker, in fact within 6 months or we'll do them for FREE. Also, we will understand the expenditure better than an external Accountant if you wish us to attend your your Board meeting or AGM
The obvious benefits of choosing RFAS is speed and a pro-active approach to queries. if any. Your Property Manager is involved as our process includes a formal Property Manager debrief, as well as Client/Director involvement and the usual Ringley commitment to 100% transparency. Where the lease requires an audit, then it is Accountant talking to another as they understand the same language.