The directors present the strategic report for the year ended 31 January 2026.
The directors aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties faced by it.
During the period ended 31st January 2026 the directors consider the results of the group of companies to be positive.
Financial key performance indicators
2026 2025
Turnover £61,865,438 £55,237,152
Gross Profit £9,933,793 £8,020,718
Gross Profit Percentage 16.1% 14.5%
Net Profit Before Tax £2,073,036 £1,687,618
Net Current Assets £5,509,654 £5,427,308
Net Assets £11,358,207 £10,352,817
The company achieved growth in 2026, driven by increased turnover in comparison to the previous accounting period. Growth was achieved through expanding their commercial operations combined with price increases inline with UK inflationary pressures, representing the increased cost of operating / running the company. The company achieved a significantly better net profit margin, as a result of overhead cost control.
Going Concern
Whilst the Report of the directors and Financial Statements are focused on the financial results from 2026, the company's directors are mindful of the impacts of the macroeconomic conditions on the short to medium term resilience of the company. Due to the uncertainty caused by the macroeconomic landscape, the directors have looked at the resilience of the company to stay in business over the next 12 months. Three key measures have been looked at to determine if that position is reasonable, namely, income, expenditure, and cash flow. Based on a forecast of the likely activity in each of these areas the directors are satisfied that this position remains appropriate.
Cash flow
Based on the forecasted income and expenditure cash flow remains at a level above which is required to meet the debts of the company as they fall due.
The Board regularly considers the main risks that the company faces and how to mitigate them. The most significant
business risks are as follows:
- that the company strategy and business model does not deliver positive results;
- the loss of key management or senior staff could threaten operational viability;
- that unforeseen or unexpected events beyond the control of the company result in a significant worsening of market conditions;
- that supply chain shortages restrict the company's ability to deliver its products and services.
Risk management is a regular subject of board discussion and whilst the company does not have a material exposure in any of the areas mentioned, the board takes appropriate action when necessary.
Market Strategies And Opportunities
The company's market strategy is focused on strengthening its competitive position and expanding market share through a combination of customer retention, new customer targets and geographic expansion. A key element of this strategy is improving customer satisfaction and building long-term relationships, which helps maintain a loyal customer base and drive repeat business. This is supported by enhanced service offerings, personalized experiences, and ongoing investments in customer support.
Additionally, the company is identifying and capitalizing on emerging opportunities to further its growth. By leveraging these strategies and opportunities, the company aims to achieve sustainable growth, boost profitability, and position itself for continued success in a competitive marketplace.
Events Subsequent To Year-End
There were no other significant events worthy of mention after the end of the financial year 2026.
Employee matters
The company continues to supplement staff competencies on key technical areas through internal skills development and external training courses. The company remains an equal opportunities employer and implements rigorous health and safety policies.
Environmental matters
The company is committed to minimising the impact of its activities on the environment and to continually improve its environmental performance.
Business risks
The board of directors regularly considers the main risks that the company faces and how to mitigate them. As for many businesses of our size and type, the business environment in which we operate continues to be challenging, with high levels of competition and tight margins. The most significant risk remains the depressed economic conditions in the United Kingdom and its impact on the new build housing market.
Future developments
The directors continue to implement a long term strategy that will enable the company to continue to grow.
Post balance sheet event
Subsequent to the year end, the Group completed the acquisition of a property in Spain. Completion occurred on 25 May 2026. The consideration amounted to €877,250 (£760,577). As the transaction took place after the reporting date and does not relate to conditions existing at 31 January 2026, no adjustment has been made to these financial statements.
The Board of Bridgebank Group Limited ("The Company") consider that the requirement of Section 172 of the Companies Act 2006 ("The Act") has been complied with and the directors of the company have acted in good faith in performing their duty in promoting the success of the company. During the year the Directors have had regard for (amongst others):
- Any potential long term consequences as a result of decisions taken during the year
- The interests of the company's employees, including any training requirements
- The need to meet customer's needs as well as their expectations
- The impact on the environment as a result of the company carrying on its trade
One example of how the Company has had regard to the matters set out in Section 172 when discharging the duties of the Act and the effect of that on decisions taken, is by the payment of the dividend. The Board regularly reviews the performance of the company throughout the year including the strength of its Balance Sheet, as well as the expected future performance taking into consideration uncertainties in the wider economy. During the financial year ended 31 January 2026, interim dividends of £340,000 were paid. In making this decision the Board considered the impact on the company's cash flow position and ability to meet future liabilities as they fall due.
On behalf of the board
The directors present their group annual directors' report and financial statements for the year ended 31 January 2026.
The results for the year are set out on page 10.
Ordinary dividends were paid amounting to £340,000. The directors do not recommend payment of a further dividend.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
During the period group made donations to the sum of £7,341 (2025: £6,657), none of which were political in nature.
During the year ended 31 January 2026, the Group consumed approximately 19,943,388 kWh of energy, comprising fuel used by its transport vehicles and site machinery and purchased electricity. This included 67,039 kWh of electricity.
During the year the Group produced 5,010 (2025: 4,245) tonnes of CO2 equivalent, from its transport vehicles and site machinery. This equates to approximately 81 (2025: 77) tonnes of CO2 equivalent per £1m of Turnover.
The volume of fuel purchased was multiplied by the Governments published conversion factors in order to calculate CO2 equivalent.
Principal energy efficiency measures
During the year, the Group continued to implement measures designed to improve energy efficiency and reduce greenhouse gas emissions. These measures included the planned replacement and upgrading of plant and machinery with newer, lower-emission and more fuel-efficient equipment, ongoing monitoring of fuel consumption across construction sites and fleet operations, and the maintenance and optimisation of existing assets to improve operational efficiency. The Group continues to consider opportunities to reduce energy consumption and improve the environmental performance of its operations.
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
We have audited the financial statements of Bridgebank Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2026 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
Conclusions relating to going concern
Other information
Opinions on other matters prescribed by the Companies Act 2006
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and regulations related to the preparation of statutory accounts and corporation tax legislation including corporation tax, PAYE, National Insurance Contributions and VAT, together with regulations relevant to the construction industry, including the Construction Industry Scheme ("CIS"). We considered the extent to which non-compliance might have a material effect on the financial statements. As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact on the preparation on the financial statements, such as the Companies Act 2006 and FRS 102.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the nature of the Group's operations, management's control environment and the extent to which transactions are subject to judgement. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements which included the risk of management override of controls.
We determined that the principal risks were related to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting period, and potential management bias in the determination of accounting estimates Particular consideration was given to revenue recognition arising from contract valuations, measured works and customer self-billing arrangements, management override of controls, journal entry manipulation, and management bias in accounting estimates, including contract valuations, work in progress and remedial cost provisions or judgements to manipulate results.
Audit procedures performed by the engagement team include:
Enquiries of management and those charged with governance regarding actual and potential litigation, claims, regulatory matters and instances of fraud or non-compliance with laws and regulations;
Testing of journal entries, including those posted by senior management and those exhibiting unusual characteristics;
Evaluation of management's controls designed to prevent and detect irregularities;
Review of board minutes and correspondence with regulatory authorities where applicable;
Review and testing of significant estimates and judgements, including contract valuations, accrued income, work in progress and remedial provisions;
Assessing and evaluating the business rationale of significant transactions outside the normal course of business;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; matters, including corporation tax, VAT and CIS obligations; and
Incorporation of elements of unpredictability into the nature, timing and extent of audit procedures performed.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £340,000 (2025 - £866,000 profit).
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the large companies regime.
Bridgebank Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Unit 3 Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, Nottinghamshire, UK, NG18 4TB.
The group consists of Bridgebank Group Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The consolidated group financial statements consist of the financial statements of the parent company Bridgebank Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 31 January 2026. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover consists of groundworks and civil engineering contracting activities which relate predominantly to new build residential housing developments where the company is engaged as a subcontractor to the main developer.
Turnover and profits on measured works includes approved variations and claims where entitlement exists and recovery is considered probable are recognised according to the value of works carried out in the period based on monthly surveyor valuation and related applications for payment with reference to tendered prices.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Retention
Retentions represent amounts withheld by customers under the terms of agreed contracts between Bridgebank and the builders and are recognised within debtors when the related work has been certified and the Group has an enforceable right to consideration. Retentions expected to be recovered within one year of the balance sheet date are included within current assets. Amounts recoverable after more than one year are classified as non-current assets. Retentions are carried at the amount expected to be recovered.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Merger accounting
Business combinations involving entities under common control are accounted for using merger accounting principles. The consolidated financial statements are prepared as if the combining entities had always been combined. The assets and liabilities of the combining entities are included at their existing carrying values and no fair value adjustments are made. Any difference arising between the consideration and the nominal value of shares issued is recognised within merger reserve.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Retention
Judgement is required in assessing the recoverability and timing of receipt of retention monies withheld by customers under construction contracts. The Directors consider the contractual terms, the status of the relevant contracts, the completion of remedial obligations and the payment history of customers when determining the amounts to recognise and whether any provision for impairment is required.
Remedial provisions
The Company may be required to undertake remedial work in respect of completed contracts. Where a present obligation exists at the reporting date and the amount can be estimated reliably, a provision is recognised based on the Directors’ best estimate of the expenditure required to settle the obligation. The estimate takes account of the nature and extent of remedial work expected, historical experience and information available at the reporting date. The actual cost of remedial work may differ from the amount provided.
The Group's contract work in progress and accrued income balances are determined through the valuation of work performed on contracts up to the reporting date. Contract valuations are based on measured works completed against the relevant Bill of Quantities and other contractual entitlement.
The valuation process requires management to apply judgement and estimation in assessing the value of work performed, including the measurement of completed works, recoverability of uncertified amounts, variations, claims, and forecast contract outturn positions. Changes in these estimates and assumptions may result in material adjustments to the carrying value of work in progress, accrued income and contract profitability in future reporting periods.
Management undertakes regular contract reviews and considers:
- measured works completed against the Bill of Quantities;
- contractually agreed rates and pricing schedules;
- variations and claims submitted or under negotiation;
- anticipated costs to complete contracts;
- expected recoverability of uncertified revenue; and
- historical contract performance and current project information.
The carrying value of contract work in progress and accrued income included within debtors at 31 January 2026 was £5,228,335 (2025: £6,205,107).
The average monthly number of persons (including directors) employed by the group and company during the year was:
Their aggregate remuneration comprised:
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2025 - 2).
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.
Details of the company's subsidiaries at 31 January 2026 are as follows:
Financial instruments include the following financial assets and liabilities:
|
|
| 2026 | 2025 |
|
|
| £ | £ |
Assets: |
|
|
|
|
Trade debtors |
|
| 1,137,715 | 1,537,267 |
Gross amounts owed to contract customers |
| 6,165,955 | 6,851,840 | |
Other debtors |
|
| 2,666,922 | 2,329,266 |
Cash at bank |
|
| 7,108,335 | 5,641,792 |
|
|
|
|
|
Liabilities: |
|
|
|
|
Trade creditors |
|
| 6,022,019 | 6,281,083 |
Finance lease |
|
| 7,118,223 | 6,852,566 |
Other Borrowings |
|
| - | 26,000 |
The debtor due after more than 1 year relates to a retention provision.
Included within the company other creditors is a balance of £750,250 (€877,250) payable to Altavista in respect of the acquisition of an investment property in Spain. The liability represented the remaining consideration due under the purchase agreement. The property transaction completed subsequent to the year end and the outstanding balance was paid in full on 25 May 2026.
Included within Bridgebank Ltd other creditors is a provision of £309,540 (2025: £Nil) in respect of anticipated remedial costs arising from completed contracts. The provision represents management's best estimate of future expenditure required to fulfil obligations under completed works contracts.
Other loans is a loan provided by the directors and this is interest free and repayable on demand.
Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
The prescribed rights for the Ordinary shares are full voting rights at meetings, full rights to dividends declared on that class of share and full distribution upon any winding up.
The prescribed rights for the Ordinary A shares are full rights to dividends declared on that class of share and full distribution upon any winding up. These shares have no voting rights.
The merger reserve arose on a share-for-share exchange in respect of which merger relief under section 612 of the Companies Act 2006 was obtained
The Group's finance lease liabilities are secured by a debenture comprising fixed and floating charges over the assets and undertaking of the Group. The security was granted to HSBC UK Bank plc on 17 August 2023 and remained in place at 31 January 2026.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Amounts contracted for but not provided in the financial statements:
At 31 January 2026, the Group had contracted capital commitments of €877,250 (£760,577) in respect of the acquisition of an investment property in Spain for which no provision had been made in these financial statements. The outstanding commitment represented the balance of consideration payable under the purchase agreement and was settled in full on 25 May 2026.
The 2025 balance includes an additional commitment of £270,746 related to the purchase of 7 Toyota trucks with a unit price of £38,678 each.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.
All directors and certain senior employees who have authority and responsibility for planning, directing and controlling the activities of the Group are considered to be key management personnel. Total remuneration in respect of these individuals is £746,868 (2025: £589,080).
Dividends totalling £340,000 (2025 - £896,000) were paid in the year in respect of shares held by the company's directors.
During the year, a balance of £210,000 was due from a director. The loan was unsecured and interest-free. The balance was settled in full in the year and no amount remained outstanding at the date the financial statements were approved.