During the year, the company received a loan of £1,600,000 from Givenergy PTE Limited, a company incorporated in Singapore. Jason Osler, a director and shareholder of Osler Holdings Limited, is also a director and significant shareholder of Givenergy PTE Limited. As such, this constitutes a related party transaction under FRS 102.
At the balance sheet date, the amount owed to Givenergy PTE Limited was £1,600,000 (2024: £Nil).
The loan is unsecured, interest-free and repayable on demand. No repayments were made during the financial year.