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Car Park Income and Expenditure and Head Lease Calculations

Car Park Income and Expenditure

Car parks, specifically those attached to shopping centres, generate a significant amount of income, providing the landlord with a regular return.

Our experienced and adaptable team will carry out an agreed scope of work in accordance with the international standard on related services 4400 applicable to agreed-upon procedures.

We review your car park income and expenditure, ensuring accurate figures have been extracted correctly from the accounting records maintained, and will carry out analytical review procedures and perform testing of income and expenditure on a sample basis.

Head Lease Calculations

In accordance with the terms of the Head Lease of a particular property a summary of the Head Lease calculation will need to be provided to the Head Leasor.

Our experienced team will carry out an agreed scope of work in accordance with the international standard on related services 4400 applicable to agreed-upon procedures.

The team will review the Head Lease calculation, making sure that the income figure used in the calculation is both accurate and complete. Our team also check that the permitted deductions used in the calculation are supported by appropriate documentation and are in accordance with the Head Lease agreement.

Our
Experts

Chris Dugdale
Partner
BIO
Chris has been with M+A Partners since 1992, becoming a partner in 1994. He trained and qualified as a Chartered Accountant with Moore Stephens in London, winning a national prize for his results in the professional examinations.

Chris is proud of the way the firm has managed to move with the times without losing its focus on a partner-led, professional service. "My partners and I have regular face-to-face meeting with our clients and we invite them to give us a call if they have any concerns between meetings. It's only by knowing our clients well that we can advise them well."

Chris is also:

Trustee of The Assembly House Trust; Trustee of Priscilla Bacon Lodge Support Group; Member of Norwich Cathedral Trust Committee; Treasurer of Blakeney and District Wildfowlers Association
EXPERTISE
  • Accounting Services
  • Personal Taxation and Private Client
CONTACT
Frank Shippam
Partner
BIO
Frank joined M+A Partners at the beginning of March 2008 having previously been an Audit Manager at PKF in Norfolk and Moore Stephens in Jersey.

Frank has over 20 years' experience of managing audits across a wide range of sectors and advising clients on technical financial reporting issues. “Whilst ensuring all compliance issues are addressed, we invest in getting to understand our clients to deliver advice that is practical and relevant to them.”

Frank has an ICAEW Diploma in Charity Accounting and considerable experience of advising not-for-profit organisations on technical and strategic issues. He has managed the audits of entities in the education sector, including Academies, and advised schools on their internal controls and procedures.

Frank is also a primary school governor and a trustee of the charity Break.
EXPERTISE
  • Accounting Services
  • Audit and Assurance
CONTACT
Sam Routledge
Manager - Property Management Accounting
BIO

Sam joined M+A Partners in December 2018.


Previously a Global Change Manager with over 10 years’ experience in property management accounting. Sam specialises in RICS-compliant commercial service charges and reporting on residential service charges in accordance with the relevant ICAEW Technical Release.


He has the experience to provide services towards turnover rents, car park income and expenditure, and head lease calculations. He can also deliver training across a wide range of topical property management issues.
EXPERTISE
  • Accounting Services
  • Property Management Accounting
CONTACT
OUR TEAM
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Property Management Accounting