Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for.
Director's Loan
The Director, Mr Robert McGlynn, provided a working capital loan to the company during the year to meet company expenses. The balance outstanding to the Director as at 31st March 2024 was £27,220 (2023 £127,324). The loan has no prescribed method of repayment and attracts no interest. This amount is included under the classification of Long Term Liabilities.