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 S Ali, the sole director and a shareholder with a participating interest, totalling £227 (2023: £5,000). At the reporting date, the outstanding loan balance was £227 (2023: £0). The maximum balance outstanding during the year was £227 (2023: £5,000).
This amount is interest-free, unsecured and repayable on demand.
During the year, the company received loans from Mrs M Tauseen, a shareholder with a participating interest, totalling £312 (2023: £0). At the reporting date, the outstanding loan balance was £312 (2023: £0). The maximum balance outstanding during the year was £312 (2023: £0).
This amount is interest-free, unsecured and repayable on demand.
For details of loans to directors, see the Directors' Advances, Credits and Guarantees note.