During the year Crest Property Management Limited charged property management fees of £5,000 (2022: £17,500) to the company.
Crest Property Management Limited is a related party because it has the same controlling interests.
Working capital loans are advanced between the company and related parties from time to time.
Included within Debtors (note 5) is £4,500 (2022: £Nil) owed by Tilesite Limited.
Tilesite Limited is a related party because it has the same controlling interests.
Included within Creditors: amounts falling due within one year (note 6) is £552,431 (2022: £574,097) owed to Forward Construction and Developments Limited.
Forward Construction and Developments Limited is a related party because it has the same controlling interests.
Included in Creditors: amounts falling due within one year (note 6) is £1,585 (2022: £21,878) owed to The Forward Property Group Limited. The Forward Property Group Limited is a wholly owned subsidiary of Forward Construction and Developments Limited.
Included within Creditors: amounts falling due within one year (note 6) is £10,936 (2022: debtor balance of £45,118) owed to Crest Property Management Limited.
All of these loans with related companies have no fixed repayment terms and interest is not charged.
Interest accrued in relation to prior years (included in Accruals and deferred income, note 6) amounts to £81,223 (2022: £81,223). No interest was charged on these loans for the year.
Included in Other creditors: amounts falling due after more than one year (note 6) are loans from the director and his spouse as follows:
J N Shepherd £208,941 (2022: £207,941).
L Shepherd £197,941 (2022: £197,941).