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As an accounting practice we experience peaks and troughs around the quarter days, do ask for a specific quote as when we are not in a busy period we are happy to see if we can provide a discount to our published fee scale to keep our teams busy.

Fee Scale

No. Units Single schedule accounts prep No. schedules Cost per extra schedule Accounts per fee Testing & certification
1-4 £300 1 £0 £300* £75
1-4 £300 2 £50 £350* £88
1-4 £300 3 £100 £400* £100
5-10 £450 1 £0 £450* £113
5-10 £450 2 £50 £500* £125
5-10 £450 3 £100 £550* £125
11-25 £550 1 £0 £550* £138
11-25 £550 2 £60 £610* £138
11-25 £550 3 £120 £670* £168
11-25 £550 4 £180 £730* £183
11-25 £550 5 £240 £790* £198
11-25 £550 6 £300 £850* £213
11-25 £550 7 £360 £910* £228
more than 7 schedules - prices on application
26-40 £600 1 £0 £600* £150
26-40 £600 2 £70 £670* £163
26-40 £600 3 £140 £740* £175
26-40 £600 4 £210 £810* £175
26-40 £600 5 £280 £880* £175
26-40 £600 6 £350 £950* £175
26-40 £600 7 £420 £1,020* £175
more than 7 schedules - prices on application
41-60 £650 1 £0 £650* £163
41-60 £650 2 £80 £730* £183
41-60 £650 3 £160 £810* £203
41-60 £650 4 £240 £890* £223
41-60 £650 5 £320 £970* £243
41-60 £650 6 £400 £1,050* £263
41-60 £650 7 £480 £1,130* £283
more than 7 schedules - prices on application
61-80 £700 1 £0 £700* £175
61-80 £700 2 £90 £790* £198
61-80 £700 3 £180 £880* £220
61-80 £700 4 £270 £970* £243
61-80 £700 5 £360 £1,060* £265
61-80 £700 6 £450 £1,150* £288
61-80 £700 7 £540 £1,240* £310
more than 7 schedules - prices on application
81-100 £750 1 £0 £750* £188
81-100 £750 2 £100 £850* £213
81-100 £750 3 £200 £950* £238
81-100 £750 4 £300 £1,050* £263
81-100 £750 5 £400 £1,150* £288
81-100 £750 6 £500 £1,250* £313
81-100 £750 7 £600 £1,350* £338
more than 7 schedules - prices on application
101-125 £850 1 £0 £850* £213
101-125 £850 2 £110 £950* £238
101-125 £850 3 £220 £1,050* £263
101-125 £850 4 £330 £1,180* £263
101-125 £850 5 £440 £1,290* £263
101-125 £850 6 £550 £1,400* £263
101-125 £850 7 £660 £1,400* £264
more than 7 schedules - prices on application
126-150 £950 1 £0 £950* £238
126-150 £950 2 £110 £1,060* £263
126-150 £950 3 £220 £1,170* £288
126-150 £950 4 £330 £1,280* £288
126-150 £950 5 £440 £1,390* £348
126-150 £950 6 £550 £1,500* £375
126-150 £950 7 £660 £1,610* £403
more than 7 schedules - prices on application
151-175 £1,050 1 £0 £1,050* £263
151-175 £1,050 2 £120 £1,170* £293
151-175 £1,050 3 £240 £1,290* £323
151-175 £1,050 4 £360 £1,410* £353
151-175 £1,050 5 £480 £1,530* £383
151-175 £1,050 6 £600 £1,650* £413
151-175 £1,050 7 £720 £1,770* £443
more than 7 schedules - prices on application
176-200 £1,150 1 £0 £1,150* £288
176-200 £1,150 2 £125 £1,275* £319
176-200 £1,150 3 £250 £1,400* £350
176-200 £1,150 4 £375 £1,525* £381
176-200 £1,150 5 £500 £1,650* £413
176-200 £1,150 6 £625 £1,775* £444
176-200 £1,150 7 £750 £1,900* £475
more than 7 schedules - prices on application
201-250 £1,250 1 £0 £1,250* £313
201-250 £1,250 2 £135 £1,385* £346
201-250 £1,250 3 £270 £1,520* £380
201-250 £1,250 4 £405 £1,655* £414
201-250 £1,250 5 £540 £1,790* £448
201-250 £1,250 6 £675 £1,925* £481
201-250 £1,250 7 £810 £2,060* £515
more than 7 schedules - prices on application
251-300 £1,350 1 £0 £1,350* £338
251-300 £1,350 2 £145 £1,495* £374
251-300 £1,350 3 £290 £1,640* £410
251-300 £1,350 4 £435 £1,785* £446
251-300 £1,350 5 £580 £1,930* £483
251-300 £1,350 6 £725 £2,075* £519
251-300 £1,350 7 £870 £2,220* £555
more than 7 schedules - prices on application
301-350 £1,450 1 £0 £1,450* £363
301-350 £1,450 2 £155 £1,605* £401
301-350 £1,450 3 £310 £1,760* £440
301-350 £1,450 4 £465 £1,915* £479
301-350 £1,450 5 £620 £2,070* £518
301-350 £1,450 6 £775 £2,225* £556
301-350 £1,450 7 £930 £2,380* £595
more than 7 schedules - prices on application
351-400 £1,550 1 £0 £1,550* £388
351-400 £1,550 2 £165 £1,715* £429
351-400 £1,550 3 £330 £1,880* £470
351-400 £1,550 4 £495 £2,045* £511
351-400 £1,550 5 £660 £2,210* £553
351-400 £1,550 6 £825 £2,375* £594
351-400 £1,550 7 £990 £2,540* £635
more than 7 schedules - prices on application

Note 1 ** attendance at your Directors meeting is an optional extra at 150

Note 2 ** attendance at your Annual General Meeting is an optional extra at 150

Note 3 ** (Pitts and SeeUS Chartered Accountants & Registered Auditor) Omnibus Business Centre, 39-41 North Road, London N7 9DP www.capittsandco.co.uk

Dormant Company Accounts

No. Units Single schedule accounts prep No. schedules Cost per extra schedule Accounts per fee Testing & certification
No Limit £60 N/A N/A £0 £60

Abbreviated Company Accounts

Non audited accounts suitable for companies that are dormant now but that have traded in the past. For example, you traded and bought the Freehold but then passed a resolution not to collect ground rent so the company is now not trading dormant' (no financial movements in the year). Such company would go back to trade in any year it sold a lease extension or chose to collect ground rent.

No. Units Accounts fee Tax Return preparation
1-10 100 100
11-25 150 100
26-40 200 100
41-60 250 100
61-80 300 100
81-100 350 100
101-125 350 100
126-150 400 100
151-175 450 100
176-200 500 100
201-250 550 100
251-300 600 100
301-350 650 100
351-400 700 100

Trading Company Accounts

Suitable for companies that are trading, trade would mean receiving ground rent, incurring expenses that are not service charge as defined by the lease or receiving income from sales of assets. Generally an abbreviated version is filed.

No. Units Accounts fee Tax Return preparation
1-10 200 125
11-25 250 125
26-40 300 125
41-60 375 125
61-80 450 125
81-100 525 125
101-125 600 150
126-150 675 150
151-175 750 150
176-200 825 150
201-250 900 150
251-300 975 150
301-350 1,050 150
351-400 1,100 150

Below is a simple summary of how the respective accounting roles break down between (1) the Managing Agent (2) Ringley Final Accounts service (3) the Independent Certifier:

(1) the Managing Agent's work (paid for by your management fee)

  • fulfil the RICS* duty of cashbook accounting * Royal Institution of Chartered Surveyors
  • reconcile bank accounts to cashbooks
  • maintain service charge and membership ledgers
  • split budgets and post budget adjustments including balancing charges
  • manage the demand cycle
  • assist with evidence for debtchase and court action
  • make contractor payments
  • close each financial year and produce the year end pack
  • assist with final accounts queries
  • prepare balancing charge explanations & letters
  • Director liaison with a Finance Officer/Management Accountant

(2) RFAS LLP (Ringley Final Accounts Service)

  • process prior years accounting adjustments to test the opening position
  • bank reconciliation testing
  • cross check expenditure allocations to lease schedules
  • verficiation of site-staff remuneration and PAYE tax due (if any)
  • checking invoices where items could be reserve items
  • verification of debtors, including developer's void charges
  • verification of creditors, including estimated utility account readings
  • testing legal debtchase invoices, where the lease allows, have been recovered
  • testing that repair costs (where part of an insurance claim) have been recovered
  • meet and review costs with Property Managers, exchange of ideas makes for a better future budgets
  • review of expenditure against the context of the lease
  • prepare accounting accruals, eg, where work is done but has been invoiced late
  • prepare pre-payments, eg, for insurance where the invoice date & premium spans two accounting years
  • expenditure where invoices span several lease schedules (inter schedule allocation
  • Director liaison with a Chartered Accountant
  • accounts prepared within 6 months else we'll not charge you a penny

(3) the Independent Certifier * fee scale reflects agreed fees with SEEUS Chartered Accountants

Independent certification of service charge accounts is a legal requirement under the 1985 Landlord & Tenant Act where there are 5 or more flats. Audit prices are available on application and the requirement to audit (if any) would arise from the lease. the Independent Certifier's role is to

  • test opening balances
  • test bank reconciliations to the balance sheet
  • test debtors to the balance sheet
  • test by sample invoices from the income and expenditure account
  • apply an independent certificate in accordance with Section 21-28 of the 1985 Landlord & Tenant Act
  • apply an audit certificate if required by the lease

If you fail to comply with the requirements in sections 21, 22 and 23 of the Landlord and Tenant Act 1985 (see above) without reasonable excuse you will be committing a summary offence and will be liable on conviction to a fine not exceeding level 4 on the standard scale (2,500). * see Section 25 Landlord and Tenant Act 1985 & Section 37 Criminal Justice Act 1982.

For accounts that reflect your lease, property and accounting law, contact us today