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LESTER & CO (K INVESTMENTS) LIMITED
REGISTERED NUMBER: 15027409
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
Related party transactions
The Company has received a secured loan of £455,000 from a related party, which is repayable on demand or at the latest by the 10th anniversary of the loan agreement. Interest is charged on the loan at 2% above the National Westminster Bank plc base rate, accruing daily and payable quarterly in arrears for as long as the loan remains outstanding.
During the period ending 31 July 2024, the Company advanced a loan of £27,700 to the spouse of a director of the Company. The loan is unsecured, interest-free, and repayable on demand. As at 31 July 2024, the outstanding balance was £27,700.
During the period ending 31 July 2024, the Company advanced a loan of £61,100 to Rutland Garden Centre Limited, a company in which the director of this company is also a director. The loan is unsecured, interest-free, and repayable on demand. As at 31 July 2024, the outstanding balance was £61,100.
Director's confirmations
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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K Lester
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