R & G Sparkes Limited
R & G Sparkes is a company in which R A Sparkes is a director.
During the year the comapny paid R & G Sparkes Limited £4,000 (2023 - £6,000) for shared bookkeeping services and £75 (2023 - £Nil) for expenses paid by R & G Sparkes on behalf of Merlin Real Estate Limited. Merlin Real Estates Limited also received £500 (2023 - £500) from R & G Sparkes in respect of shared telephone expenses and £2,429 (2023 - £110) for expenses paid on behalf of R & G Sparkes Limited. Merlin Real Estates Limited also received loans from R & G Spakres Limited of £77,500 (2023 - £200,010) and repaid £60,000 (2023 - £Nil). The balance due to R & G Sparkes at the balance sheet date was £518,091 (2023 - £499,445).
P Sparkes
During the year the company received a loan from Mr P Sparkes, the brother of Mr R Sparkes, a director, of £660,000. Interest is payable on the loan at 6% per annum and the balance is due to be repaid within one year. The balance of £660,000 is included within creditors due within one year.