During the year the company provided South Coast Property Holdings Limited, the 100% parent company, with an interest free loan of £Nil (2023: £250). The loan is unsecured and repayable on demand. The balance of the loan at the year end was £21,440 (2023: £21,440). This amount is included within Intercompany loans due after more than one year.
At the year end a balance of £72,000 (2023: £92,000) was owed to Askwith Properties Limited, a company controlled by the directors, Suzanne Askwith and Thomas Askwith. This amount is included within Trade Creditors.
At the year end a balance of £82,545.95 (2023: £Nil) was owed to X99 Properties Limited, a company controlled by the directors, Bernard Wales and Linda Wales. This amount is included within Trade Creditors.