The following related party transactions were undertaken during the year:
During the year amounts of £1,930 (2022:£10,144) were advanced to a company under common control with £4,748 being repaid. At the balance sheet date the amount owed from this company totalled £Nil (2022: £2,818).
During the year advances of £Nil (2021: £6,966) were received from a company under common control of which £4,441 (2021: £2,525) has been repaid. At the balance sheet date the amounts owed to this company totalled £Nil (2021: £4,441).
During the year advances of £1,111 (2022: £Nil) were received from a company under common control of which £1,111 has been repaid. At the balance sheet date the amounts owed to this company totalled £Nil (2022: £Nil).
During the year advances of £11,019 (2022: £Nil) were received from a company under common control of which £10,000 has been repaid. At the balance sheet date the amounts owed to this company totalled £1,019 (2022: £Nil).
During the year advances of £271,464 (2022: £Nil) were received from a company under common control of which £311,387 has been repaid. At the balance sheet date the amounts owed from this company totalled £39,924 (2022: £Nil).
During the year a director recieved advances totalling £250 (2022: £Nil) and repaid amounts totalling £250. At the balance sheet date the amounts owed to this company totalled £Nil (2022: £Nil).
No dividends were paid to the directors in respect of their shareholdings.
The aggregate remuneration paid to Directors for the year was £50,000 (2022: £42,500).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.