During the year the company had the following related party transactions:
Contained within intercompany loans is the following amounts due to/(from) Suitor Autos Ltd:
Rapid Car Hire (NI) Ltd: (£30,600) (2022: (£30,600))
Moneyrea Recovery Ltd: £8,000 (2022: £8,000)
Suitor Autofix Ltd : £82,069 (2022: £101,771)
The amounts due to/from Rapid Car Hire (NI) Ltd and the amount due to Moneyrea Recovery Ltd are unsecured, interest free and repayable on demand.
The amount due to Suitor Autofix Ltd is interest free secured by way of a floating charge over the assets of the company.
During the year Suitor Autos Ltd invoiced Suitor Autofix Ltd, Moneyrea Recovery Ltd and Rapid Car Hire (NI) Ltd for goods and services under normal market conditions.
Suitor Autofix Ltd, Moneyrea Recovery Ltd and Rapid Car Hire (NI) Ltd are companies under common control.