As at the year-end, the directors' loan account balance of Mr P Singh (a director and shareholder of the company) is £3,681. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
As at the year-end, the directors' loan account balance of Mr O Adamou (a director and shareholder of the company) is £745. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
As at the year-end, the directors' loan account balance of Mr E A Levin (a director and shareholder of the company) is £4,859. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
As at the year-end, the company owed Jasper Singh (a close family member of Mr P Singh) £8,383. This amount is a current liability, interest free and repayable on demand.