S & M ELECTRONICS LIMITED - Associated Company
The property located at 27 Cambridge Street, Aylesbury, HP20 1RP from which the dental practice is carried on was acquired by S & M ELECTRONICS LIMITED on 1 July 2013. Concurrently, the property was leased to SAM HEALTH LIMITED. The rent is set at £25,552 (2023 £25,552) per annum.
In the opinion of the Directors the rent of £25,552 has been set at a figure which equates to the open-market rate.
On 2 March 2003 SAM HEALTH LIMITED acquired a minority holding in S & M ELECTRONICS LIMITED, being 15 10p L Ordinary Non-Voting Shares transferred from Dr Shane Patel and 15 10p L Ordinary Non-Voting Shares transferred from Dr Mitul Patel. The consideration paid was £40 for each 10p L Ordinary Non-Voting Share.
A dividend of £533.33 per 10p L Ordinary Non-Voting Share was paid by S & M ELECTRONICS LIMITED to SAM HEALTH LIMITED on 31 March 2023.
S & M ELECTRONICS LIMITED is controlled by Mr Atul Patel, who held 54.60% of the total number of voting shares in issue at the start of the year. Following a disposal of 30 voting shares on 2 March 2022, the % of voting shares held reduced to 53.90% at which level it remained until the end of the year. Dr Shane Patel and Dr Mitul Patel are the adult children of Mr Atul Patel
Dr Shane Patel and Dr Mitul Patel both have minority interests in the share capital of S & M ELECTRONICS LIMITED.
SUDDHA-AIR LIMITED - Associated Company
There are no transactions in the year with SUDDHA-AIR LIMITED.
Dr Shane Patel and Dr Mitul Patel are both directors of SUDDHA-AIR LIMITED and together own all the issued share capital of SUDDHA-AIR LIMITED.