The amount owed to Chiltern Estates Limited, a company related via common control and directorship, totalled £684,900 as at the year-end, which is a current liability, interest free and repayable on demand.
Chanlon Property Limited received a loan of £250,000 from Selcap Group Limited, a company jointly controlled by a director and shareholder, who also jointly controls Chanlon Property Limited through their 50% ownership of its parent. The loan is interest free, repayable on demand and no guarantee has been provided in respect of this loan.
Repair services from Cato Service Limited
The company was invoiced £90,000 (2023: £90,000) for repair and maintenance services by Cato Services Limited, a business under the common control of the director. These charges were not supported by a formal agreement or third-party quotations and are not considered to be on normal commercial terms. The full amount remained outstanding at the year-end, and no interest is charged on the balance.