3 Director's advances, credit and guarantees
During the year, the company made advances to the director. At 30 November 2025, the amount outstanding was £3,000. The balance is unsecured, interest free and repayable on demand. As the loan remained outstanding at the year end, the company may be liable to a tax charge under Section 455 of the Corporation Tax Act 2010 if the balance is not repaid within nine months and one day of the accounting period end.