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reserves utilised/money spent (per the auditors)
£136,735.00
(£117,435.21)
£19,299.79
money paid out by mHml (per PB-C)
To AR Lawrence
To Surveyor
To PB-C and his subcontractors For Water Tank (budgeted)
For Communal TV/Sky (budgeted)
62,010.00 10,513.00 31,765.21 7,810.00* 5,337.00 £117,435.21
-15-
*(per Houseman quote dated 22 September 2014)
discrepancy/expenditure remaining unaccounted for:
(“PBC” comment/reply on letter): I would reiterate that no expenditure remains unaccounted for as it resides comfortably in Reserves - not in the pockets of MHML or indeed myself! So please no more computations. (Folder_00 Item_53)
(q) in a letter from “mH’s” Solicitor to “PBC” dated 9 december 2016 it now states:
Nor can I reconcile your figure of £10,385 with the figures you have previously given me, which have been as follows:
leaseholders funds
Starting Reserves before the Project
Additional contributions
Voluntary Contributions for Water Tank + T\//Sky leaseholders funds made available to mHml
leaseholders’ funds paid out by mHml (per PB-C)
£98,262.00 £18,000.00 £12,858.00 £129,120.00
£117,435.21
£11,684.79
To AR Lawrence
To Surveyor
To PB-C and his subcontractors For Water Tank + T\//Sky
62,010.00 10,513.00 31,765.21 13,147.00 £117,435.21
leaseholders funds remaining in reserves after project
This figure of £11,684 represents a difference of nearly £1,300 from your figure of £10,385. If the money paid out by MHML for the Water Tank and T\//Sky aerial was actually only £12,858 rather than £13,147, the amount standing to Reserves should increase by £289 to £11,973.79, which is a difference of £1,588.79 from your figure.
(“PBC” comment/reply on letter): sounds about right with Reserves’ balance actually totalling a very healthy £41,128. 71 and the reason we have been able to reduce the 2017 Quarterlies down from £900 per quarter to only £650 per quarter per lessee resulting in an annual saving per lessee of £600 p.a. (Folder_00 Item_54)