During the year, the company granted loans to various other companies. These loans are unsecured, interest free and repayable on demand, unless other conditions are stated below. The balances outstanding at the year end were as follows:
Loans to companies in which the shareholders of Lincoln Holland Holdings Ltd are the only shareholders:
£231,646 (2024: £304,646)
Loans to companies in which the shareholders of Lincoln Holland Holdings Ltd own over 50% of the shares:
£7,232,658 (2024: £5,810,513)
Loans to companies in which the shareholders of Lincoln Holland Holdings Ltd do not have control but hold significant influence:
£5,064,715 (2024: £5,036,807)
During the year, the company received loans from various other companies. These loans are unsecured, interest free and repayable on demand. The balances outstanding at the year end were as follows:
Loans from companies in which the shareholders of Lincoln Holland Holdings Ltd are the only shareholders:
£0 (2024: £3,084,939)
Loans from companies in which the shareholders of Lincoln Holland Holdings Ltd own over 50% of the shares:
£5,000 (2024: £1,604,000)
Loans from companies in which the shareholders of Lincoln Holland Holdings Ltd do not have control but hold significant influence:
£6,633,939 (2024: £1,765,000)