During the year the director has a loan with the company. The opening balance was £132,642 owing to the company and during the year further net monies of £212,675 were withdrawn. The closing balance of £345,317 owing to the company is included in debtors receivable withing one year. Interest was charged on the loan, at the official rate, and the balance was paid in full after the balance sheet date.
During the year the company made loans to companies with a significant shareholder and director in common. At the balance sheet date total amounts of £440,000 (2023: £390,000) were owing from these related parties and these are included in debtors receivable after one year. No interest is charged on these loans.
During the year the company received loans from its parent company. At the balance sheet date total amounts of £110,000 (2023: nil) were owed to the parent company and this is included in creditors payable within one year. No interest is charged on this loan.