Annual Accounts and Corporation Tax for a Property Management Company

The business operated through three separate limited companies, each holding different property portfolios. They had previously managed accounts internally but as the business grew, the complexity of inter-company transactions, VAT, and multiple filing deadlines became unmanageable without specialist support.

We conducted an initial review of the existing bookkeeping across all three entities, reconciling bank accounts and identifying areas where records needed improvement. A standardised bookkeeping process was implemented across all entities using cloud-based accounting software.

Year-end accounts were prepared for all three companies, with careful attention to inter-company loan balances and management charges. Corporation tax returns were prepared and filed, including a review of capital allowances claims on property improvements.

All three sets of accounts and corporation tax returns were filed on time, with no penalties. A review of capital allowances identified additional relief that had not been claimed in prior years, resulting in an amended return and a tax repayment. The business now has a clear, consistent bookkeeping process and full visibility of its financial position across all entities.