Shaun Froneman and Claire Froneman are related parties of the company by virtue of being Directors.
The Directors advanced the following loans to the company during the year:
Shaun Froneman - £1,226 (2023: £3,842)
Claire Froneman - £1,062 (2023: £0)
Loans from Directors are unsecured, interest-free and carry no fixed terms of repayment. The above loans are included in other creditors in note 7 above.
Balances owed by other group undertakings are set out in note 6 above and amount to £8,000 (2023: 0). The balance is owed by The Maze Creative Studio (Pty) Ltd, a company established within South Africa. The Maze Creative Studio (Pty) Ltd is a related party by virtue of having a common shareholder.