Lynton and Barnstaple - Operations and Development

Don’t forget Tom, we’ll also need another company setup to manage these people and separate them from the 47 other L&B companies!

 

The LBBC accounts to 31.12.2024 have now been filed on the Companies House website for viewing or downloading. No changes from those issued to shareholders, but now with an unqualified audit report. Note on the 'Statement of Changes in Equity', £176,000 shares were issued during the year, mostly, it appears from the Trust accounts, to have been to the Trust. Also Note 12 - a schedule of Loans - which confirms that £160,000 was repaid to the private lender during 2024, and that another £185,000 is repayable by 31.12.2025. This is £160,000 due to the private lender and £25,000 to the Trust. There was £116,000 in the bank at 31.12.2024. The remaining £89,000 lent by the private lender is due to be repaid by the end of 2026 along with the annual repayment of £25,000 due to the Trust.

 

[QUOTE="Michael B, post: 2935831, member: 29306".....another £185,000 is repayable by 31.12.2025. This is £160,000 due to the private lender and £25,000 to the Trust. There was £116,000 in the bank at 31.12.2024......[/QUOTE]

Even as a financial novice, I detect a touch of the Micawber's Principle here.....