Included within amounts owed by related parties are the following balances:
Franklin Fitch Recruitment Contract Limited £19,440 (2023: £44,601)
Franklin Fitch Recruitment Limited £37,095 (2023: £47,613)
Franklin Fitch GmbH £21,354 (2023: £21,354)
Franklin Fitch Inc £15,905 (2023: liability £14,730)
Ovalwood Limited £114 (2023: £88,378)
Epcot Properties Limited £1,552,304 (2023: £1,506,700). £45,604 of interest was charged in the year.
The loan to Epcot Properties Limited is governed by a mortgage agreement dated October 2023. It is interest bearing at 2.7% per annum, payable monthly in arrears. It is repayable in full after 25 years and secured by a first legal charge over a residential property located at 70 Cathedral Road, Cardiff, CF11 9LL.
All of the above companies are under common control.
During the year to 30 November 2024, dividends of £150,000 (2023: £1,250,000) were paid to the director, Mr. D Annable.