During the year, the company entered into transactions with entities under common control, a shareholder with joint control, entities over which the company has significant influence and directors. These transactions included rent and other cost recharges, deposits paid, and loans advanced to/received from these related entities.
The total amounts charged/advanced during the year were as follows:
Rent and cost recharges: £334,244 (2024: £196,809)
Deposits paid: £10,000 (2024: £833)
Loans received from related entities : £50,000 (2024: £440,000)
Director loans advanced/received: £0 (2024: £0)
At the balance sheet date, the amounts owed to/due from related parties were as follows:
Amounts owed to related parties: £490,000 (2024: £440,000)
Amounts owed by related parties: £10,833 (2024: £833)
There were no loans advanced to or received from directors during the year (2024: £0).
All amounts were unsecured interests-free and repayable on demand.