Transactions with Related Parties
Swallows Flight Associates Limited is an associated company under the control of the two shareholders. Mr Paul Atkinson holds 50 £1 Ordinary Shares in Swallows Flight Associates Limited, representing 20% of the issued share capital, and Mrs Lucy Atkinson owns 200 £1 Ordinary Share representing 80% of the issued capital, there being a total of 250 £1 Ordinary Shares in issue.
Mrs Lucy Atkinson is a director of Swallows Flight Associates Limited.
Transactions in the year with Swallows Flight Associates Limited were as follows:
Balance due to Swallows Flight Associates Limited b/f - £206,655 (2023 £196,155)
Monies advanced by Swallows Flight Associates Limited - £Nil (2023 £10,500)
Repayments - £Nil (2023 £Nil)
Balance due to Swallows Flight Associates Limited carried forward - £206,655 (2023 £206,655)