During the period the company made loans to a related company under common ownership, and whom owns a minority shareholding in the company. As at the balance sheet date the company was owed £53,973 (2022: £90,676). No interest is being charged on this balance.
The company also undertook various repair, maintenance and refurbishment works on properties owned personally by Mr G Poulter. During the period these amounted to £18,645 (2022: £14,396). These are deemed to have taken place at arms length.
The company also undertook various repair, maintenance and refurbishment works for properties owned by the above associated company. During the period these amounted to £331,060 (2022: £77,996). These are deemed to have taken place at arms length.
Finally, during this period the company leased commercial premises from the associated company. The rent charged in the period was £35,000 (2022: £NIL).