Creditors: Amounts Falling Due Within One Year
At the balance sheet date the Company owed £4,284 (2023: £nil) to Salah UK Commercial Ltd. , a company under the control of the director. The balance arose when the creditor paid professional fees on behalf of the Company. The amount is unsecured, interest-free, and repayable on demand.
Creditors: Amounts falling due after more than one year
The above loan represents an amount due to the director. No interest was charged on the balance during the year (2023: £nil). The maximum amount outstanding during the year was £5,020,237.