MDA HOLDINGS LTD
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ANNUAL REPORT 2016
During the previous year, a loan of £1,800 was made to S Jones, a director of the company. This loan is interest free and being repaid at
a rate of £225 per month. This balance has been repaid in full during the year. Dividends of £13,626 (2015: £Nil) were declared during the
year and were owed to S Jones at the balance sheet date.
During the year, a loan of £9,760 was made to R McGuinn, a director of the company. This loan is interest free and being repaid at a rate of
£465 per month. At 30 September 2016 a balance of £4,183 was owed by R McGuinn in respect of the loan. Dividends of £8,546 (2015:
£Nil) were declared during the year and were owed to R McGuinn at the balance sheet date.
Dividends of £754 (2015: £Nil) were declared during the year and were owed to G Potton, a director of the company, at the balance sheet
date.
19. Directors’ Advances, Credits And Guarantees
20. Related Party Transactions
During the year, the group sold services with a value of £Nil (2015: £11,400) to Sigma Homes Limited and £19,854 (2015:
£24,846) to Bushmead Homes Limited and the group was invoiced £24,395 (2015: £24,453) by GFP Consulting Limited.
G Potton is a director of all three companies. These transactions were carried out at arms length and at the year end a balance of £Nil
(2015: £600) was owed by Sigma Homes Limited and a balance of £2,058 (2015: £2,166) was payable to GFP Consulting Limited.
During the year, M H Jewell, a director of the company, invoiced the group £10,960 (2015: £43,414 in respect of services provided.
M H Jewell resigned as a director of the group on 1 June 2016.
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