At the balance sheet date the director was owed £62,144 (2023: £53,975) by the company, being the net result of capital introduced and drawings during the period and cummulatively to date. The loan has been made interest free to the company and is repayable on demand.
At the year end the company owed £50,050 (2023- £50,050) to Medica Aesthetica Limited; an associated company by virtue of common shareholder and director. This amount was still due as at 31 January 2024. This loan is interest-bearing and repayable on demand. Interest will not be charged until the loan is repaid.