Included within debtors, is an amount loaned to McAdden Homes Limited of £1,106 (2023: £1,106). Repayments of NIL (2023: £36,364) were made during the year. McAdden Homes Limited is a related party by virtue of common directorship. The loan is repayable on demand and does not accrue any interest.
Included within creditors, is an amount owed to ICENI Property Management (Ireland) of €10,500 (2023: €10,500). ICENI Ireland is a related party by virtue of common directorship. The loan is held in Euro and, on annual basis, re-translated to Sterling using the closing rate. The loan is repayable on demand and does not accrue any interest.
During the period, rent of £15,000 (2023: £12,000) was paid to C McAdden, M McAdden's wife, who is also a
shareholder in the company. The increase reflects inflationary pressures.