The directors, Mr E Kelway-Bamber and Mrs L Kelway-Bamber, are also directors of The Headboard Workshop Limited.
During the year, the company made loans totalling £116,340 (2023: £82,000) to The Headboard Workshop Limited and received repayments totalling £22,000 (2023: £17,000) from The Headboard Workshop Limited. The company also received materials from The Headboard Workshop Limited at an arms length cost of £18,500 (2023: £8,000) and supplied materials to The Headboard Workshop Limited at an arms length cost of £Nil (2023: £1,000l). The company paid for motor and travel costs of £109 (2023: Nil) on behalf of The Headboard Workshop Limited. The website revaluation of £64,500 (2023: Nil) covers costs incurred by The Headboard Workshop Limited.
Management charges of £61,000 (2023: £53,350) were charged to the company by The Headboard Workshop Limited during the year ended 31 May 2024.
At the balance sheet date, £66,859 (2023: £116,410) was owed to the company by The Headboard Workshop Limited, and this is shown in other debtors.