Transition Service
Your FRS 102 transition,
done for you.
A fixed-fee service delivered personally by the founder: we read your leases, build your register, evidence your discount rates and set up your opening balances. You review and approve everything.
Fixed fee from £750 + VAT · Workings your auditor can follow · Start date agreed before you commit
How it works
01
Send us your leases
PDFs, scans or Word documents, however they live today. Property, vehicles, equipment: all of it.
02
We build the register
Our AI extraction reads every lease and we review each extracted term against the highlighted source clause before anything is used.
03
You review and approve
Every figure traces back to the lease. Nothing enters your accounts, and nothing posts anywhere, without your approval.
04
Handover, reconciled
A one-hour handover call that ends with a live month-end check run on your own portfolio: your first period-end, already reconciled.
What you get
- A complete lease register: every lease read by AI extraction and human-reviewed against the source clauses
- A discount-rate evidence pack: obtainable borrowing rate with SONIA documentation your auditor can follow
- Modified-retrospective transition calculations and opening balances, reconciled to your old commitments note
- The opening-balance journal set: posted to Xero on your approval, or provided as an export pack
- A disclosure dry-run: maturity analysis and right-of-use asset roll-forward by asset class
- A one-hour handover call ending with a live month-end check run
Fixed fees, published
One fee for the whole engagement, agreed before we start. Your Lease102 subscription is separate and starts from £20 a month + VAT.
Up to 10 leases
£750 + VAT
11 to 30 leases
£1,500 + VAT
31 to 75 leases
£2,750 + VAT
Over 75 leases
By arrangement
Prices assume standard lease documentation; unusually complex portfolios are quoted individually.
Engagements are booked into monthly start slots, and the slots nearest a December or March year-end go first. Tell us your year-end and we will confirm the next available start date.
Prices exclude VAT. Where applicable, VAT is added at checkout at the prevailing rate (currently 20% in the UK). Lease102 is supplied to businesses only.
What we deliberately do not do
The boundaries are part of the service. Knowing exactly what stays with you and your accountant is what makes the work auditable.
Accounting-policy judgements
Decisions such as lease-term assessments and rate selection are documented as recommendations for you or your accountant to sign off. The judgement stays with you.
Audit representation
We prepare workings your auditor can follow, but we do not represent you to your auditor.
Tax advice
None. This is software setup and data work, not regulated accountancy services.
Accountancy practices
Practices can deliver this work themselves in Lease102 using shared firm-and-client access, keeping their own service fee, or refer a client to us; referral terms are available. See the Practice tier.
Insured and accountable
The work is covered by professional indemnity insurance of £2,000,000 per claim with Hiscox, and everything we produce is traceable back to your lease documents. Read our trust and continuity commitments.
Book a transition slot
Tell us your year-end and roughly how many leases you have, and we will confirm the fee and the earliest available slot. If you would rather do it yourself, the 14-day free trial takes an afternoon.