Summary of transactions with other related parties
Included within other creditors is an amount of £1,352,595 (2023: £1,328,236). £1,347,595 (2023: £1,323,236) is due to companies connected through common ownership; a further £5,000 (2023: £5,000) is also due to Ancoris Holdings Limited, a wholly owned subsidiary of the company.
Included within other debtors is an amount of £34,748 (2023: £34,748) due from B&D Clays and Chemicals Limited, a wholly owned subsidiary of the company.
During the year the company was charged interest from loans it has been provided from an entity under common control, but due to commercial and business reasons, the interest has been waived. This totalled £228,179 (2023: £158,212).
There are no repayment terms in place.
The company paid a dividend of £5,000 (2023: £10,000) to its shareholders during the year.