The above loan is unsecured, interest is charged at a rate of 3% per annum on an averaging basis. This loan is expected to be repaid within one year. During the finaical year 2025 - £743 (2024 - £1,514) interest was charged to the Director for borrowings.
During the year, the company received a loan from a director who is also a shareholder. Interest of £8,603 (2024: £nil) was paid on the loan. The loan was unsecured, carried interest at a rate of 9% per annum, and was repayable on demand. The loan was fully repaid during the year, and no balance was outstanding at the year end.