10 Related party transactions
During the year the company entered into the following transactions with related parties:
| 2024 | 2023 |
---|
| £ | £ |
---|
Owed from Bavarian Holdings Limited - Loan |
9,336 |
|
8,654 |
|
Owed from Mountain Holt Investments Limited - Loan |
16,934 |
|
25,181 |
|
Dividends were paid to other companies that the directors of this company own. During the year, Bavarian Holdings Limited (J Murray) received £46,000 (2023: £39,000), and Mountain Holt Investments Limited (S Holt) recevied £46,000 (2023: £39,000). Also management fees were charged by Bavarian Holdings Limited during the year of £5,000 (2023: £5,000) and by Mountain Holt Investments Limited of £5,000 (2023: £5,000).