During the year R W Davis & Son Ltd, a company in which the parent company of Marine Holdings (Sharpness) Ltd has a 50% interest, was charged £14,800 (2023 - £44,400) for management charges by Marine Holdings (Sharpness) Limited. At the year end Marine Holdings was owed £nil (2023 - £nil) by R W Davis & Son Ltd. This amount is included within trade debtors.
During the year, Marine Holdings (Sharpness) Ltd paid a dividend to Cross Country Holdings LTD, the parent company, of £nil (2023 - £nil). During the year, a bank loan of £nil (2023 - £399,063) was re-assigned from Marine Holdings (Sharpness) Ltd to Cross Country Holdings Ltd. At the year end, Marine Holdings (Sharpness) Ltd owed Cross Country Holdings Ltd £484,926 (2023 - £565,721). This amount is included within amounts owed to parent company. No interest has been charged in respect of this balance.
During the year, Marine Holdings (Sharpness) Ltd loaned £nil (2023 - £10,800) to Cross Country Automotive Co Ltd, a wholly owned subsidiary of Cross Country Holdings Ltd. In turn, Cross Country Automotive Co Ltd paid expenses on behalf Marine Holdings (Sharpness) Ltd. At the year end £922 (2023 - £922) was outstanding and included within amounts owed by group companies.
During the year, Marine Holdings (Sharpness) Ltd was invoiced £304,011 (2023 - £nil) for a stage payment for the build costs of a new commercial unit. This amount was fully paid by the year end. At the year end £nil (2023 - £279,951) was outstanding and included within amounts owed by group companies.