Related Party Transactions
At the year end, the Company had the following balances with related parties:
A balance of £100,000 (2023: £60,000) was owed to Blink Architecture Ltd (Loan), a company under common control. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
A balance of £50,000 (2023: £50,000) was owed to Christine Field, a close family member of a director/shareholder. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
A balance of £89,079 (2023: £89,079) was owed to Blink Architecture Ltd (Investment), a company under common control. This amount represents an interest-free capital contribution, which is unsecured and has no fixed repayment terms.
A balance of £116,759 (2023: £116,759) was owed to Robert Cleaver, a director and shareholder of the Company. This amount represents an interest-free capital contribution, which is unsecured and has no fixed repayment terms.
A balance of £167,000 (2023: £125,000) was owed to Robert Cleaver (Loan), a director and shareholder of the Company. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
A balance of £177,931 (2023: £177,931) was owed to SanRis Builders Ltd (Investment), an entity under common control. This amount represents an interest-free capital contribution, which is unsecured and has no fixed repayment terms.
A balance of £125,231 (2023: £125,231) was owed to SanRis Builders Ltd (Loan), a company under common control. This loan is interest-bearing at a fixed rate of 8% per annum, is unsecured, and has no set repayment terms.
All balances are unsecured, and no guarantees have been given or received in respect of these amounts.