Company accounts valuation

RICS red book valuations of commercial and residential property to meet your accounting and HMRC reporting deadlines and needs. 

The expert knowledge you need with the personal service you expect.

Valuation for company accounts

 

What do we do? 

Acting for businesses, our Chartered Surveyors determine the value of a sites or buildings held at the date of reporting to help you accurately submit your annual company accounts.

We will provide a detailed, evidence based report, based on the statutory definition of market value that provides the ‘statement of value of property assets’ needed to file your accounts. Our report will fulfill all RICS requirements, comply with accountancy standards and meet your companies’ house or HMRC reporting deadline.

We assess all kinds of residential and commercial property including those of non-standard construction to provide our considered opinion of value. 

Our aim is to help you make sound financial decisions relating to property. A valuation conducted by a RICS registered valuer will ensure an accurate value of assets is provided that meet the demands of the valuation office agency on behalf of HMRC. It will also be conducted on the correct basis so the figure is not challenged so as to prevent you incurring interest on additional tax payable or penalties.

 

Turnaround

We aim to turn reports around within five to seven days of inspection and you will be able to talk directly to the surveyor working on your behalf should you have any questions. 

 

To get a quote or discuss your valuation

CONTACT US

Frequently asked questions about valuations for company accounts

  • How much does a valuation for company accounts cost?

    We cannot give you an exact quote here without speaking to you as every businesses assets, reporting and taxation requirement is different but the professional fees payable will always reflect the particular requirements of your property and the time which it is anticipated will be devoted to the matter.

    Get a quote 

  • What information do I need to provide the valuer for an accounting valuation?

    • A valuation date – your financial year end
    • Whether you follow UKGAAP or IFRS accounting standings
    • Access to inspect your buildings
    • Copies of any tenancy related documents for lease parts of your assets
  • Why do I need a valuation to submit my company accounts?

    Accounting valuations are needed in the processes of valuing a company’s assets for financial reporting purposes.

    When submitting your annual accounts to Companies House, you need to submit a statement of value of property assets owned by the business.

    Assets such as property are carried at cost less depreciation and is carried on the balance sheet at far from their true value. As such, the value of these assets can have a big impact on your overall balance sheet and resulting taxation liabilities.

  • Can you conduct a desktop valuation?

    Desktop valuations, where an opinion of value is reached without an inspection of the property, are not RICS Red Book compliant and as such we don’t conduct them.

    We do however conduct desktop valuation updates. These desktop valuation updates are only suitable if we have visited the property on your behalf before, no significant alterations have been made, or the time elapsed since the inspection was conducted isn’t too great.

    Desktop valuation updates are commonly used when the validity of the original valuation has expired (usually after three months of valuation date) and a retype is requested to state that the original value is still correct and the market has not significantly changed.

  • Why is valuation accuracy important?

    It’s important to secure an accurate valuations for the calculation of company accounts. Underestimate the value and you risk having to pay out more corporation tax than you expected, but if you overestimate, and you may have to spend significant time trying to reclaim your Tax over payment.

    HMRC has the right to challenge and investigate a valuation through its District Valuer Service (DVS).  If the valuation is challenged, particularly one not supported by a professional surveyor, you could face hefty fines for having been ‘negligent’ in how you obtained the valuation.

    By instructing a RICS registered Chartered Surveyor to provide a valuation for your annual accounts you can be confident that will get an accurate valuation figure that will be accepted by HMRC and companies house when submitting your accounts.

    A RICS registered valuer in your area will  follow industry best practice guidelines on how to reach valuation figures and are bound by the codes of conduct of their professional body.

    Kempton Carr Croft is a RICS regulated firm, has PII insurance cover and all valuations are conducted by qualified RICS registered valuers.

  • What is covered in a valuation for company accounts?

    • Initial advice in respect of accounting valuations
    • Inspection of the property (ies)
    • Reporting the Market Value at the applicable valuation date
    • Negotiating with HMRC or companies house should they raise any queries regarding the value provided. (Please note that this element could incur additional costs depending on the level of work required. Any costs would be agreed in advance of work taking place though. For example meeting with the District Valuer and making formal representation.)
    • Consultation prior to the valuation to ensure any specific concerns you have are considered in the inspection
  • Do you conduct accounting valuations in my area?

    Kempton Carr Croft’s Surveyors regularly provide valuations for properties throughout London and the whole of the South East of England. The team works from offices in Basingstoke, Camberley, Gerrards Cross, Maidenhead, London, Reading, Staines and Windsor.

Get in touch

Our friendly and professional team is on hand to answer your queries between 09:00 – 17:30 Monday to Friday.

During this time we aim to get back to you within 24 hours. Enquiries received outside of these hours or on bank holidays will be handled the next working day.

If your query is urgent, please call us for the quickest response on 01628 771221.