We've been asked to provide a "statement of account" to our leaseholder.
We don't have a sinking fund, service charge demands are sent out as required and with supporting documents. We only ask for funds in advance if there is a large item of expenditure and it is clear what the demand relates to. Last time we did this the actual bill was lower than the demand and we repaid the overpayment. Our preference all along has been to keep things simple.
Can we send a summary of the last 12 months expenditure (confirming all paid up, no problems) or we have to get an accountant involved? It seems so unnecessary (and expensive) as we are only a block of 3 flats (majority share the freehold) and the freehold isn't held by a company.