During the period, the company entered into the following transactions with related parties:
Owners holding a participating interest
The company received loans from Mr Y Syed, the sole director and a shareholder with a participating interest, totalling £8,859 (2023: £0). At the reporting date, the outstanding loan balance was £8,859 (2023: £0). The maximum balance outstanding during the period was £8,859 (2023: £0).
This amount is interest-free, unsecured and repayable on demand.
The company received loans from Mrs M Shafqat, a shareholder with a participating interest, totalling £8,649 (2023: £0). At the reporting date, the outstanding loan balance was £8,649 (2023: £0). The maximum balance outstanding during the period was £8,649 (2023: £0).
This amount is interest-free, unsecured and repayable on demand.