Page 14 - 74_PBC to Begg_13-12-16 (22pp)

Leaseholders’ funds paid out by MHML (per PB-C)
To AR Lawrence 62,010.00 To Surveyor 10,513.00 To PB-C and his subcontractors 31,765.21 For Water Tank + T\//Sky 13,147.00
£117,435.21
£11,684.79
Leaseholders funds remaining in Reserves after project
£117,435.21
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.
(reply) Oh dear, now we’re moving onto Reserves which I can confirm as of 13th December 2016 (2.58pm) stands at a very healthy £41,128. 44 - I hope you can now stop throwing around all kinds of various weird calculations and kindly await the final figure at year end once the 2016 Annual accounts summary is published mid March 2017.
I would add that it is a perfectly valid request as to how much is in Reserves and I’m totally bemused why no request was ever made in any correspondence from any lessee including Mrs Hillgarth and more pertinently in any correspondence from your goodself.
As well documented, had your initial 13pp diatribe of 23 March 2016 simply requested sight of the 2014 works’ invoices and a request for an update on funds in Reserves, you’d have saved a lot of time, effort and paper - but of course, you are getting recompensed for time, effort and paper one hopes.
Just a shame our offer to comply remained unacknowledged and we certainly would have been more than happy to have also advised total funds in Reserves. We’re very proud of our husbandry of Reserves for the benefit of all lessees as has been made abundantly clear in our ability to have substantially reduced Quarterly Demands in 2017, resulting in a saving per lessee of £600 each during 2017. Not bad for bad, fraudulent, blackmailing Management?
Interestingly, it was myself who made abundantly clear to all lessees including Mrs Hillgarth in numerous emails and indeed on multiple occasions in correspondence with you, of what approximate monies were to be left in Reserves. And thoroughly proved as such.
It’s almost inconceivable that at no stage did you or Mrs Hillgarth or indeed any lessee request the basic question of “how much have we got in Reserves [today or whenever]?”
Anyway, finally requested (well almost, but actually more like another mischievous innuendo).
As we have said so many times before, you really need to clarify straightforwardly for the lessees exactly how much money was paid out on the refurbishment and to whom. Your position that you are not prepared to provide a proper account until we apologise for our "lies and innuendos” is plainly untenable. If you provide a proper account which demonstrates that you have acted correctly, no doubt an apology could follow. But so long as you continue to withhold relevant information there is nothing to apologise about, and it becomes increasingly obvious that our accusations are well~founded.
(reply) “no doubt an apology could follow” Sounds suspiciously like an admission! Just how much more information do you need before comprehending replies to date?
If, despite what the accounts appear to say, some of the £136,735 has not in fact been "utilised" but has been withheld in reserves waiting to be paid (and I am including here any monies still retained from Tony White and/or the electrician, which you say is in creditors) you will need to clarify exactly how much remains in reserves and why the accounts were wrongly stated. I suggest you get your account- ant/auditor to help you with this. Please bear in mind that the bank accounts of MHML are invisible to the lessees, since you control them. They have no idea how much is in reserves unless you provide them with an honest statement of account.