Information on related parties is as follows:
(i) The parent company (JTCG) provides value driving activities including culture and leadership, strategic direction, support and infrastructure. For the year ended 31 December 2024, the Group paid JTCG a strategic management fee of £827,775 (2023: £580,898) and where employees of the Group contributed to the provision of JTCG functions, they received a fee of £874,695 (2023: £181,415).
During the year, the Company's subsidiary, IFIL, charged the Company £1,507,187 (2023: £1,570,998) in relation to outsourcing service delivery fees.
(ii)During the year, transfer pricing charges are invoiced and settled periodically for the services described above. At 31 December 2024, the Group had a transfer pricing debtor position of £1,726,598 (2023: £16,176). The Company had a transfer pricing creditor position of £1,839,970 (2023: £257,022)
(iii)Loans with related parties have been disclosed in notes 6 and 7.