The following related party transactions were undertaken during the year:
During the year Directors made withdrawals totalling £47,234, introduced £32,059 and were declared dividends of £69,500. At the year end date the balance owed to the company was £15,162 (2023: £69,485).
A company under common control loaned the company £35,328 during the period (2023: £86,518) and repaid £58,267 (2023: £55,609). At the balance sheet date the connected company owed the company £1,528 (2023: The company was owed £21,411). This loan is interest free and repayable on demand.
Dividends were paid to directors in respect of the shareholdings totalling £69,500 (2023: £Nil).
The aggregate remuneration paid to key management personnel for the year was £18,777 (2023: £25,302).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.