Strata Audit Services for Leasehold and Management Companies
Leaseholders deserve to know that their service charge money is being spent properly. ABM Chartered Accountants delivers strata audits that verify service charge accounts, review management company finances, and give residents the transparency and assurance that the law requires.
Service Charge Accounts Audited With Precision
A strata audit examines the financial accounts of a residential management company or the service charge accounts of a leasehold property. It verifies that money collected from leaseholders has been properly recorded, spent in accordance with the lease, and accounted for transparently. ABM Chartered Accountants delivers these audits to the standard that leases and legislation demand.
Our ICAEW and ACCA qualified accountants audit service charge income and expenditure, review reserve and sinking funds, check compliance with the Landlord and Tenant Act 1985, and prepare the annual statements that leaseholders are entitled to receive. We also support management audits under the 1993 Act.
What Our Strata Audit Covers
From service charge verification to management audit support, here is how ABM Chartered Accountants gives leaseholders and management companies the independent assurance their property requires.
Service Charge Audit
Auditing service charge accounts to verify that income and expenditure are properly accounted for.
Management Company Accounts
Preparing and auditing the annual accounts of your resident management or freehold company.
Reserve Fund Review
Reviewing your sinking fund or reserve fund to ensure it is adequate for planned future works.
Lease Compliance Verification
Checking that service charges have been demanded and applied in accordance with the lease terms.
Leaseholder Reporting
Producing clear statements for leaseholders that meet the Landlord and Tenant Act requirements.
Management Audit Support
Supporting leaseholders exercising their statutory right to a management audit under the 1993 Act.
Transparency That Protects Residents and Directors Alike
Service charge disputes are one of the most common causes of conflict in leasehold properties. A properly audited set of accounts removes the ambiguity. It shows leaseholders exactly where their money has gone, confirms that charges comply with the lease, and protects the directors of the management company from challenge.
With the Leasehold and Freehold Reform Act 2024 introducing stricter transparency requirements from 2026, the standard expected of service charge accounting is rising. ABM Chartered Accountants ensures your accounts are prepared and audited to the level that both current legislation and upcoming reforms require.
Strata Audits for Properties Right Across the UK
Based in Canary Wharf, London, ABM Chartered Accountants provides strata audit services for residential properties throughout England and Wales. We work with managing agents, directors, and leaseholders directly.
Strata Audits for Every Property Structure
We audit service charge accounts for purpose-built blocks, converted houses, mixed-use developments, resident management companies, right to manage companies, freehold management companies, and estate service charge arrangements across the residential sector.
Why Properties Choose ABM for Strata Audits
Chartered Property Auditors
ICAEW and ACCA qualified auditing service charge accounts.
Lease Terms Fully Understood
Accounts verified against the requirements of your lease.
Leaseholder Confidence Built
Transparent reporting that reduces disputes and builds trust.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to the strata audit questions we hear most often. Contact our team for tailored guidance.
What is a strata audit?
A strata audit is an independent examination of the financial accounts of a residential management company or the service charge accounts of a leasehold property. It verifies that funds collected from leaseholders have been properly recorded, spent in accordance with the lease, and transparently reported.
Does our property need a service charge audit?
It depends on what your lease says. Many leases require an annual audit or accountant’s report on the service charge accounts. Even where the lease does not require a full audit, leaseholders have rights under the Landlord and Tenant Act 1985 to inspect accounts and supporting documents.
What is a management audit?
A management audit is a statutory right under the Leasehold Reform, Housing and Urban Development Act 1993. It allows qualifying leaseholders to appoint a suitably qualified auditor to investigate whether the management and service charge expenditure of their building is being handled efficiently and effectively.
What changes are coming under the 2024 Act?
The Leasehold and Freehold Reform Act 2024 introduces standardised service charge demand formats, stricter disclosure requirements, mandatory annual statements, rules on insurance commission transparency, and tighter deadlines for providing accounts to leaseholders. These reforms are being phased in through secondary legislation during 2026.
What is a reserve fund or sinking fund?
A reserve fund, sometimes called a sinking fund, is money collected from leaseholders to cover planned future expenditure such as major repairs, roof replacements, or redecoration. ABM Chartered Accountants reviews whether the fund is adequate and whether contributions are being used as intended.
How much does a strata audit cost?
Fees depend on the size of the property, the number of leaseholders, and whether you need a full audit or an accountant’s report. We offer transparent, fixed-fee pricing agreed before the work begins. Contact ABM Chartered Accountants for a quote for your property.