Other related party transactions:
Balances receiveable from related companies at 30 November 2025 included within the debtors note above:
- Anchorage Apartments Management Ltd: £340 (2024: £0)
- Bloc Cornwall Holdings Ltd: £209,499 (2024: £47,500)
- Kernowek Kerth Limited: £70,518 (2024: £85,860)
- Lux Blu Management Limited: £570 (2024: £6,997)
- N3L Limited: £1,436,200 (2024: 813,500)
- Pennywort Properties Limited: £480 (2024: £6,545)
- Rosebay Court Ltd: £0 (2024: £57,194)
Bloc Cornwall Holdings Ltd is a related party by virtue of common control by close family members Lisa Pagin and Willow Pagin, who together control Lux Blu Developments Ltd and hold interests in Bloc Cornwall Holdings Ltd's parent undertaking. During the year Lux Blu Developments Ltd released loans owed by Bloc Cornwall Holdings Ltd totalling £250,000, which had become irrecoverable following C Ltd's inability to repay. The loans were unsecured and interest-free. The amount outstanding at the year-end was £209,499.
N3L Limited is a related party by virtue of common control by close family members Lisa Pagin and Willow Pagin, who together control Lux Blu Developments Ltd and hold interests in N3L Limited's parent undertaking. During the year Lux Blu Developments Ltd released loans owed by N3L Limited totalling £250,000, which had become irrecoverable following C Ltd's inability to repay. The loans were unsecured and interest-free. The amount outstanding at the year-end was £1,436,200.
Balances payable to related companies at 30 November 2025 included within the creditors note above:
- Lux Blu London Ltd: £159,306 (2024: £162,736)
- Red Willow Holdings Ltd: £19,960 (2024: -£14,906)
- Red Willow Properties Ltd: £5,000 (2024: £186)