During the year Crest Property Management Limited charged property management fees of £5,000 (2022: £15,000) 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 £3,670 (2022: £83,677) owed by Crest Property Management Limited, £48,304 (2022: £73,304) owed by The Forward Property Group Limited, and £7,380 (2022: £Nil) owed by Tilesite Limited. The Forward Property Group Limited and Tilesite Limited are related companies by virtue of common directorships.
Included within Creditors: amounts falling due within one year (note 6) is £77,273 (2022: £110,832) owed to Forward Construction and Developments Limited. Forward Construction and Developments Limited is a related party because it has the same controlling interests, J N Shepherd and L Shepherd.
Included within Creditors: amounts falling due within one year (note 6) is £194,000 (2022: £370,000) owed to Planetree Homes Limited. Planetree Homes Limited is a related party because it has the same controlling interests, J N Shepherd and L Shepherd.
Included within Creditors: amounts falling due within one year (note 6) is £21,529 (2022: £23,124) owed to The Forward Property Group Limited. The Forward Property Limited is a related party because it has the same controlling interests, J N Shepherd and L Shepherd.
Included within Creditors: amounts falling due after more than one year (note 7) are loans totalling £1,980,000 (2022: £1,980,000) made to the company by three directors of the company.
All of these loans with related companies have no fixed repayment terms and interest is not charged.