Warr & Co are a leading firm of chartered accountants who specialise in Flat Management companies. Flat management companies are set up as a convenient way for residents in a block of flats to manage shared expenses such as insurance, roof repairs and communal cleaning.
In a typical company, each owner of a flat will have one share in the Flat Management Company, the residents will elect directors who will deal with the formalities of the company and set an annual service charge which every owner will be required to pay.
These companies are governed by the Companies Act just like any other company and so must prepare and file annual accounts. We currently act for around 100 such companies.
We offer a unique client-focussed approach to your flat management accounting needs and pride ourselves on making the process as easy for our clients as possible.