Page 28 - Microsoft Word - Hot Shots CIM Version 1.9.2 Final
P. 28
PROPOSED INVESTMENT COSTS
The total investment value proposed is £16m, split 50/50 equity and debt comprising
repayment of seed funding and the cost of development of the Centre.
Below are summaries of the sources and applications of funds received to date.
Harrison Golf & Leisure Limited Group summary of source and
application of funds
Source Bank account
Loan from Howsam Limited 299,880
Loans from participators 139,961
Share capital (including premium) 132,240
HMRC VAT refunds 100,817
672,898
Application Bank account
Professional costs (Inc. VAT) 562,131
BigShots (abortive) 90,310
Travel costs 16,520
668,961
Current bank balance 3,937
28
