The company acts as a trustee of a statutory trust in respect of service charges collected for the maintainance of properties at Cleevewood House, Cleevewood Dowend, Bristol.The company is responsible for the maintainance of Cleevewood House, Cleevewood Road, Downend, Bristol and collects theses charges from the lessees in order to cover the costs incurred.
Any excess charges are held in trust for the lessees as required by section 42 of the landlord & Tenant Act 1987, and reported separately in these accounts. These are held to fund future financial obligations in the managemnet of Cleevewood House, Cleevewood Dowend, Bristol and will be treated as company income when that expenditure takes place.