DIRECTORS/SHAREHOLDERS CURRENT/LOAN ACCOUNT :
At the end of the financial year, the company owed its directors who are also the company's shareholders, the amount of £400,503 (£481,723 in 2023). No interest was charged to the company by the company’s directors/shareholders on the outstanding amount, which is unsecured and repayable on demand.
DIRECTORS’ REMUNERATION :
The directors’ remuneration for the financial year was £24,000 (£20,000 for the financial period of ten months to December 2023).
DIVIDENDS :
In the financial year to December 2024, equity dividends of £1,470 (£2,975 in the financial period to December 2023) were paid to the company’s registered shareholders.
LOANS TO A RELATED COMPANY AND LOAN INTEREST RECEIVABLE :
In the financial year to December 2024, Fosby Of London Limited provided loans of £6,000 to the related company (none to December 2023). The interest rate chargeable is at a fixed rate of 4% p.a. on the outstanding loans. The interest charged in the financial year to December 2024 was £14,430 (£14,394 to December 2023). The loans outstanding, including any outstanding loans from previous years, at the end of the financial year to December 2024 were £354,776 (£393,776 to December 2023).
They are unsecured loans and are repayable on demand when Fosby Of London Limited serves the borrower with a three months written notice to do so.
The directors and shareholders of Fosby Of London Limited are also directors and shareholders in the related company.