Accounts
Latest Income & Expenditure and Balance Sheet
The following income & Expenditure report provides details of costs incurred for the past few years and anticipated costs for the next few years. The Balance Sheet shows how much is owed by and to the company. The accounts summaries show income and expenditure in the years when they were incurred as required by Financial Reporting Standards and recommended by the ICAEW Technical Release on Residential Service Charge Accounts (Section 2.2).
Statutory Accounts
The Statutory Accounts for the company are filed at Companies House for each financial year. It is not a requirement that detailed costs are shown within these accounts although the directors plan to voluntarily show the information for the benefit of leaseholders.
As the company commenced management from 1 May 2015 the first accounts to 30 September 2014 cover a year when the company was dormant.
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 |
Service Charge Accounts
The accounts below were produced by Mainstay.
| Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 |
Block Management Ltd is employed by the company to manage the site. Whilst several RTM companies had to be formed in order to exercise the Right To Manage it was agreed by leaseholders that each RTM company would share the same Directors and Company Secretary and delegate all management functions to Brock End RTM Company Ltd rather than attempt to manage the small site through multiple companies. Brock End RTM Company Ltd therefore, acts a principal in respect management matters for the entire site. Matters relating to lease assignments and property sales for these blocks are dealt with directly by Block Management Ltd.
Mainstay was Managing Agent for the entire site until 30 April 2015. Mainstay ceased to manage each block as they exercised their Right To Manage until the final block acquired Right to Manage on 1 January 2018.
Service Charges
The Service Charge has two elements:
Common Areas:
Expenditure relating to “Common Areas” (or Estate Charges, are mainly grounds maintenance and shared expenses of running the management company). There are 38 flats in total; 4 at Betjeman House, 6 at Croft House, 6 at Newport House, 12 at Southwich House, 5 at Scott House and 5 at Viletts House.
Common Parts:
The 38 flat leaseholders additionally pay for expenditure that relates to “Common Parts” (maintenance and insurance of the communal or shared areas of the flats ). These costs are shared on a block by block basis at 1/6th per flat leaseholder for the six flats at Croft House and six flats at Newport House, 1/12th at Southwich House, 1/5 at Scott House, 1/5th at Villets House and 1/4 at Betjeman House for external costs (1/3 for internal costs as one on the flats has no access to the communal areas).
In accordance with the lease, Service Charges are due in advance on 1 October and 1 April each financial year. The charges for the premises included in the Right to Manage are agreed in advance at the members’ Annual General Meeting.