During the year, the company entered into the following transactions with related parties:
Owners holding a participating interest
During the year, the company received loans from Mr M Whelband, a director and shareholder with a participating interest, totalling £630 (2023: £1,483). At the reporting date, the outstanding loan balance was £445 (2023: £488). The maximum balance outstanding during the year was £488 (2023: £1,030).
This amount is interest-free, unsecured and repayable on demand.
During the year, the company received loans from Mrs D Whelband, a director and shareholder with a participating interest, totalling £1,950 (2023: £1,809). At the reporting date, the outstanding loan balance was £450 (2023: £686). The maximum balance outstanding during the year was £1,764 (2023: £1,260).
This amount is interest-free, unsecured and repayable on demand.
For details of loans to directors, see the Directors' Advances, Credits and Guarantees note.