Director's Loan Account
At the balance sheet date, a loan balance of £99,033 (2023: £44,033) was owed to the company by the sole director, Ms Janette Chester.
The loan is unsecured, interest free and repayable on demand.
No amounts were written off or waived during the year.
Transactions with Group Undertakings
The company received dividends of £55,000 (2023: £60,558) from its wholly owned subsidiary. As at the balance sheet date, a balance of £31,400 (2023: £31,400) was due to the subsidiary undertaking.
These transactions were conducted at arm’s length and on normal commercial terms.