Eden Management Ltd.

Documentation

Constitution

The constitution of the company – the agreement between shareholders and the company is contained in two documents – the memorandum of association and the articles of association. You have get a copy by downloading the memo.pdf file.

Accounts

The accounts for the last three years are a public document and represent a summary of the transactions throughout the year and the resulting balances. They are independently audited. This is important to ensure the underlying soundness of the finances and to support the charges of service charges which you as lessees mare required to pay.

Insurance

The assets of the estate are insured in the name of the company. Any claims need to be made via the company. Any paid claims will be made to the company and subsequently re-imbursed to the lessee. If a lessee’s services are not paid up to date no claim will be made on their behalf , Details of the policy are contained in Inspol.pdf and can be downloaded.

Service charges

These are the payments made by lessees to the company to finance the upkeep of the estate. The split into two types. Running costs – set on an annual basis to cover regular expenses – for example gardening, cleaning. Door phones, insurance premiums etc and the sinking fund – which is a savings pot to accumulate funds for items of significant cost recurring irregularly – this might include Repainting, re-roofing, road-way maintenance, lift repairs replacement etc

It is important to treat these separately and not to cross-subsidise to minimise annual service charges costs. The sinking fund level would typically be reviewed on a three or five year basis.

You can see the levels of Service charge sfor the last 5 years