The company did not trade during either year, and has made neither a profit nor a loss.
The members are the residential owners of the managed property comprising 1 - 11 Spring House Sarum Hill, Sarum Hill, Basingstoke, Hampshire, RG21 8SA.
Service charges collected are held on trust for the purpose of meeting the relevant costs in relation to the property in accordance with the provisions of section 42 of the Landlord and Tenant Act 1987; accordingly separate service charge accounts are prepared.