During the period the company entered into the following transactions with related parties under common control as part of a wider group reorganisation:
- Purchase of Radcliffe and Newlands Mortgages Limited
The company acquired Radcliffe and Newlands Mortgages Limited for £100,000. This company is now a wholly owned subsidiary of Radcliffe and Newlands Holding One Limited.
- Purchase of Radcliffe and Newlands Wealth Limited
The company purchased Radcliffe and Newlands Wealth Limited from Radcliffe and Newlands Limited for £101,000. The investment in Radcliffe and Newlands Wealth Limited was fully written down in the period.
- Intercompany loan arrangements with Radcliffe and Newlands Limited
Amounts arising on reorganisation with Radcliffe and Newlands Limited, including intercompany loan balances, were written off in aggregate amounting to £201,000 during the period. No balances with Radcliffe and Newlands Limited were outstanding at 30 November 2024.
- No other related parties
There were no transactions in the period with Radcliffe and Newlands Two Limited that require disclosure.
Exemption for wholly-owned subsidiary:
In accordance with FRS 102.33.1A, the company is exempt from disclosing transactions with wholly owned subsidiaries.