Included within other loans are bridging loans from its related parties. All amounts were due at the year end. The interest on the bridging loans ceased on 31 March 2021.
Member Loan Amount Interest Rate Interest Amount Total Due
Oryx London Limited £310,000 9.344% £115,866 £425,866
Belknap Livery Limited £451,278 9.344% £168,670 £619,948
Logic Nominees Limited £193,750 9.344% £72,416 £266,166
Included within other loans is a £100,000 corporate loan from Logic Nominees Limited. Interest is accruing on the loan at an interest rate of 6% per annum. As at 31 March 2024 the total due was £102,634.
Within other loans is a £300,000 loan from J McVeigh. Interest is a being charged on the loan at a rate of 6% per annum. As at 31 March 2024 the total due was £304,500.
Included within other loans are interest free loans from related parties. All amounts were due at the year end.
Loanee Amount
Oryx London Limited £137,500
Aries Management Limited £116,943
C Heimann £84,318
Belknap Livery Limited £30,000
In addition, at the Balance Sheet date, £85,267 (2023: £86,767) was owed from Sable Partners I LLP to Sable Investments Limited.