11.
Related Party Transactions
J.T.H. Construction LimitedDirectors John Holden and James Holden are also Directors of J.T.H. Construction Limited and James Holden is the sole shareholder of that Company.J.T.H. Construction Limited carried out construction work and provided marketing services for this Company during the year amounting to £90,246 (2023-£62,219) of which £5,755 (2023-£3,723) was outstanding at 31st March 2024.
Profits on joint venture property development projects undertaken with this Company were payable to J.T.H. Construction Limited for the year amounting to £2,000 (2023-£30,743) and £NIL (2023-£NIL) was outstanding at 31st March 2024.
J.T.H. Construction Limited
Directors John Holden and James Holden are also Directors of J.T.H. Construction Limited and James Holden is the sole shareholder of that Company.
J.T.H. Construction Limited carried out construction work and provided marketing services for this Company during the year amounting to £90,246 (2023-£62,219) of which £5,755 (2023-£3,723) was outstanding at 31st March 2024.
Profits on joint venture property development projects undertaken with this Company were payable to J.T.H. Construction Limited for the year amounting to £2,000 (2023-£30,743) and £NIL (2023-£NIL) was outstanding at 31st March 2024.
Holden Group Management LimitedDirectors John Holden and Mary Holden are also Directors and Shareholders of Holden Group Management Limited.Holden Group Management Limited owns 100% of the issued share capital in this Company. Holden Group Management Limited carried out consultancy work for this Company during the year amounting to £27,750 (2023-£21,990) of which nothing was outstanding at 31st March 2024 (2023-£NIL).
This Company had a loan from Holden Group Management Limited during the year and the amount outstanding thereon at 31st March 2024 was £2,616,074 (2023-£1,215,000). The maximum amount outstanding on this loan during the year was £2,656,074 (2023-£1,215,000) and interest of £139,543 (2023-£39,030) was paid by this Company in respect of this loan. The loan was secured and repayable on demand.
Holden Group Management Limited
Directors John Holden and Mary Holden are also Directors and Shareholders of Holden Group Management Limited.
Holden Group Management Limited owns 100% of the issued share capital in this Company. Holden Group Management Limited carried out consultancy work for this Company during the year amounting to £27,750 (2023-£21,990) of which nothing was outstanding at 31st March 2024 (2023-£NIL).
This Company had a loan from Holden Group Management Limited during the year and the amount outstanding thereon at 31st March 2024 was £2,616,074 (2023-£1,215,000). The maximum amount outstanding on this loan during the year was £2,656,074 (2023-£1,215,000) and interest of £139,543 (2023-£39,030) was paid by this Company in respect of this loan. The loan was secured and repayable on demand.