Your RMC clients, arriving with a clean record.
Resident Led is the back office for self-managed blocks. At year end it sends you one file in the shape your report needs. You keep the client and sign the accounts.
What arrives at year end today
A folder of bank statements, a spreadsheet one person understands, and no idea which costs are more than eighteen months old. Once the 2027 rules start, where four or more flats share the costs, the statement of account must be in a prescribed form within six months of the year end, with a report from a qualified accountant. The government proposes the ISRS 4400 standard. The company will be liable for up to £5,000 per failure on demands, the annual report and information requests.
LAFRA 2024 ss.56, 58 (new ss.21D, 25A LTA 1985) (opens in new tab)What arrives with Resident Led
One file: what was demanded and received by fund and heading, the record for each flat, and the documents behind it from the six-year record, in the shape the s.21 certificate needs today and the s.21D report will need once the 2027 rules start. A CSV your software can read, plus the PDFs. You prepare and sign the accounts and the report. The product is built to keep you as the block’s accountant.
| Fund · heading | Demanded | Received | Spent | Documents |
|---|---|---|---|---|
| Service charge · insurance | £4,800 | £4,800 | £4,760 | 1 invoice, policy |
| Service charge · repairs | £6,000 | £5,500 | £5,912 | 7 invoices |
| Reserve fund | £3,600 | £3,600 | £0 | statement |
| Section 20 · roof | £18,000 | £16,500 | £17,400 | file, 3 estimates |
What we are asking
Five practices to trial it with five blocks each this autumn. The trial is free, in exchange for telling us what the pack should look like. We refer blocks that need an accountant to the practices that work with us, and we can pay a referral fee or white-label the product for practices that prefer to own the relationship.
Talk to us about a trial
Also for: RTM solicitors (a back office on the acquisition date) and block insurance brokers (renewals with the risk-assessment evidence in order).