We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Management Company Year End Accounts ?
Comments
-
Lucky131313 wrote: »We really don’t have £200-300 to spend on an accountant it’s a luxury you might be able to afford but not us, I guess I will just keep looking and hopefully find someone or a website that has a guide..I thought this would be a lot easier to find help on but I guess not around here.
So that's £35 to £50 per leaseholder (for a year's accounts).
You can share the £200 to £300 accountant's fee amongst the leaseholders - but you can't share costs resulting from your negligence.
So if you don't pay an accountant, and you make a mistake that costs money to put right (e.g. a penalty from hmrc), you will probably have to pay the full amount out of your own pocket.
I wouldn't be keen to take that kind of risk.0 -
The book linked above has examples and templates that you want.
It might be overkill, but for £13 it’s probably a good buy, and should have answers to any questions as they come up.0 -
I would either:
1. Get an accountant to avoid cocking stuff up and being liable for that
or
1. download last years accounts from Companies House assuming it's a registered company - https://beta.companieshouse.gov.uk/
2. See what they did
3. Get the book recommended above to get a basic idea of what to be doing.
4. From the sounds of it you'd be a micro-company and can probably follow guidance here https://www.gov.uk/government/publications/xbrl-guide-for-uk-businesses/xbrl-guide-for-uk-businesses#small-companies-with-simple-accounts-who-do-not-use-accounting-software0 -
Lucky131313 wrote: »We really don’t have £200-300 to spend on an accountant it’s a luxury you might be able to afford but not us, I guess I will just keep looking and hopefully find someone or a website that has a guide..I thought this would be a lot easier to find help on but I guess not around here.
You’re probably asking in the wrong place. This board is for houses, when you’re actually asking an accountancy question. I’d try a finance board which may be more disposed to help.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards