DIRECTORS/SHAREHOLDERS CURRENT/LOAN ACCOUNT :
At the end of the financial period, the company owed its directors who are also the company's shareholders, the amount of £481,723 (£545,928 to February 2023). No interest was charged to the company by the company’s directors/shareholders on the outstanding amount, which is unsecured and repayable on demand.
DIRECTORS’ REMUNERATION :
The directors’ remuneration for the financial period was £20,000 (£24,000 to February 2023).
DIVIDENDS :
In the financial period to December 2023, equity dividends of £2,975 (£5,950 to February 2023) were paid to the company’s registered shareholders.
LOANS TO A RELATED COMPANY AND LOAN INTEREST RECEIVABLE :
In the financial period to December 2023, Fosby Of London Limited provided no loans to the related company (none to February 2023). The interest rate chargeable is at a fixed rate of 4% p.a. on the outstanding loans. The interest charged in the financial period to December 2023 was £14,394 (£24,870 to February 2023). The loans outstanding, including any outstanding loans from previous years, at the end of the financial period to December 2023 were £393,776 (£513,776 to February 2023).
They are unsecured loans and are repayable on demand when Fosby Of London Limited serves the borrower with a three months written notice to do so.
The directors and shareholders of Fosby Of London Limited are also directors and shareholders in the related company.