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Document 4
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Laugharne Park Owners Club
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AGM Saturday 18th October 2008
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Laugharne Park Owners Club Sinking Fund
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Amount owed to LPOC for period 1996/97 to 2002/03
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£101,887.95
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Agreed and ratified at AGM
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2003 Sinking Fund
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£65,360.00
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Agreed and ratified at AGM
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Partial transfer on 19th November 2004
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-£13,320.00
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Agreed and ratified at AGM
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Net amount due to LPOC @ 31st December 2003.
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£153,927.95
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Agreed and ratified at AGM
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16th October 2004
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Payments made by Seasons Holidays to 31st Dec 2004
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-£185,291.31
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Agreed and ratified at AGM - 2004
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Rebate to LPOC on part of refurbishment 2004 - VFM !!
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£11,266.05
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Agreed and ratified at AGM - 2005
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LPOC Adjusted 2004 Spend Level
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-£174,025.26
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Net Amount owed by LPOC @ 31st December 2004.
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-£20,097.31
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2005 Sinking Fund for LPOC
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£19,920.00
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2005 Sinking Fund from Seasons Holidays Plc ( 3,550 less 1,220 )
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£46,600.00
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Paid by Seasons January 2005 to December 2005
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-£238,211.00
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Subject to AGM ratification
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Rebate to LPOC on part of refurbishment 2005 - VFM !!
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£2,294.75
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Subject to AGM ratification
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LPOC Adjusted 2005 Spend Level
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-£235,916.25
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Balance in favour of Seasons Holidays Plc 31st Dec 2005
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-£189,493.56
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2006 Sinking Fund for LPOC
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953 weeks @ £30 pw
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£28,590.00
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2006 Sinking Fund Paid by Seasons Holidays Plc
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2,597 weeks @ £30 pw
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£77,910.00
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Paid by Seasons for January 2006
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-£63,808.49
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Paid by Seasons February to September 2006
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-£55,650.31
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Paid by Seasons October to December 2006
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-£30,154.16
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2006 Refurbisment Shortfall
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31st December 2006
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-£43,112.96
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Balance in favour of Seasons Holidays Plc 31st Dec 2006
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-£232,606.52
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2007 Sinking Fund for LPOC
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811 weeks @ £30 pw
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£24,330.00
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2007 Sinking Fund paid by Seasons ( 2007 Delinquents )
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111 weeks @ £30 pw
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£3,330.00
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2007 Sinking Fund paid by Seasons.
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2,628 weeks @ £30 pw
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£78,840.00
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Paid by Seasons for January 2007
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-£2,327.50
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Paid by Seasons February to December 2007
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-£15,488.81
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2007 Refurbishment Saving
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31st December 2007
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£88,683.69
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Total Sinking Fund Shortfall
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-£143,922.83
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Number of weeks in Total
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3,550
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Shortfall Per Week
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£40.54
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Sinking Fund Shortfall Analysis
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Laugharne Park Owners Club - % Value of Sinking Fund Deficit
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£32,879.27
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811 weeks at £40.54 per week
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Seasons Tiltle Limited - % Value of Sinking Fund Deficit
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£111,043.56
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2,739 weeks at £40.54 per week
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£143,922.83
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Laugharne Park Owners Club - % Value of Sinking Fund Deficit
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-£32,879.27
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811 weeks at £40.54 per week
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Payment Made by LPOC against the LPOC Shortfall
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-£18,440.00
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September 2007
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Balance on the 'Rolling Account' as at 1st January 2008
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