KLY Communications LTD
Seagreen Developments LTD and KLY Communications LTD are under common control directorship and ownership of Miss Kelly Moralee.
KLY Communications LTD provided funds via an inter-company loan to facilitate the purchase of Seagreen Developments LTD's property. The total value of the loan outstanding at the beginning of the year was £130,000 shown under "Other Loans" in note 8. This loan was interest free and no interest was charged during this period.
During the year the loan was returned to KLY Communications LTD via a personal loan from Miss Kelly Moralee to Seagreen Developments LTD to enable it to settle its commitment to KLY Communications LTD.
The total value of the personal loan from Miss Kelly Moralee to Seagreen Developments LTD at December 2023 was £188,861 as shown in note 7.