Melcome Ltd is owned by Anzen Ltd, a company incorporated in the British Virgin Islands. During the year, a net interest expense of £855,787 (2023: £782,924) was accrued in line with the loan agreements between Anzen Ltd & Melcome Ltd. As at the year end date of 30 June 2024 the amount owed by the company to Anzen Ltd was £5,049,654 (2023: £12,180,181).
Interest income of £8,383 (2023: £8,716) was accrued in the accounts as per the loan agreement between the company and Almondbox Ltd, a company under common control. As at the year-end date of 30 Jun 2024, the amount owed to Almondbox Ltd was £225,342 (2023: £218,729).