Summary of transactions with other related parties
Included within other debtors is an amount of £2,156,324 (2023: £2,054,093) due from a company connected through common ownership.
During the year, the company received interest from loans it has provided to entities connected through common ownership, but due to commercial and business reasons has waived receipt of this interest. Total interest waived: £240,099 (2023: £166,477).
Included within other creditors is an amount of £141,954 (2023: £169,449) due to a company connected through common ownership.
There are no repayment terms in place.
Within the director and participator current account is an amount owing on finance loans provided to the company of £562,609 (2023: £696,547).
Interest of £29,672 (2023: £40,676) has been accrued on these loans provided by directors/participators during the year.
There are no repayment terms in place.