During the year the company paid an amount of £110,000 (2023: £60,000) in respect of management fees to, and received an amount of £300 (2024: £nil) for advertising expenses from, Bowden Properties Limited, a company in which N A Marlow is a director. Included in other debtors at the balance sheet date, is a loan of £200,000 owed from Bowden Properties Limited (2023: £70,000 owed to Bowden Properties Limited). Interest of £3,450 (2023: £nil) was charged on this loan in the year.
Included in other debtors at the balance sheet date is a loan of £170,000 (2023: £nil) owed from Fernie Developments Limited, a company in which N A Marlow is a director. Interest of £2,933 (2023: £nil) was charged on this loan in the year.
During the year the company paid an amount of £115,243 (2023: £97,185) in respect of management fees to Alpha One Insurance Limited, a company in which A D Pease is a director.
At the balance sheet date the company owed £nil (2023: £80,999) to N A Marlow and £455,197 (2023: £215,197) to A D Pease in respect of their directors loan accounts. These balances are interest free.