The company was under the control of the members throughout the current
and previous year.
A Resident from each property comprised in the land and buildings maintained by the company
is required to be a member as a condition of occupancy. Accordingly, all transactions relating to
sales throughout the year, trade debtors at the financial year end are related party transactions.
The Directors are of the opinion that disclosure on an aggregate basis, in the foregoing notes to
the financial statements, is sufficient to give a full understanding of the effect of related party
transactions. The controlling parties are the leaseholders of the development.All the directors
paid service charges of £600 per annum.