| The company is a wholly owned subsidiary of Planeteq Management Limited, incorporated in England and Wales. During the year, the company received a loan of £152,771 from its parent company to support working capital requirements. The loan is unsecured, interest-free, and repayable on demand.
At the balance sheet date, the amount outstanding to Planeteq Management Limited was £148,231 (2023: Amount payable from the parent company £4,540).
During the year, the company received a loan of £47,110 from Simmax Corp, incorporated in Alberta, Canada. Simmax Corp is a company controlled by Daryl Kruper. At the balance sheet date, the amount outstanding to Simmax Corp was £47,110 (2023: nil). The loan is unsecured, interest-free, and repayable on demand. |