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Mr Johnson’s Loan bore interest during the year at 5% (2018: 5% pa), however he has chosen to forego the interest in the year. Mr Dubois’s Loan, which is from his Pension Fund of which he is the sole beneficiary, was at 12% pa interest (2018: 12% pa). Mr Stocks’ & Mr Treadaway’s loans bore no interest.

The development at Speldhurst was acquired in the name of A Johnson and is held in trust by him on behalf of the Group, together with a Lloyds Bank loan facility for up to £835,000 connected to this development which has been repaid in the year (2018: £697,161).

During the year rents were paid of £10,259 (2018: £10,000) to the Combe Bank Homes Pension Scheme which owns the freehold offices at Chequers Barn. Mr C C Johnson is a Trustee and Beneficiary of that Pension Scheme.

17. SHARE OPTIONS AND WARRANTS

There are no share options or warrants.

18. CATEGORIES OF FINANCIAL INSTRUMENTS

The only impact of IFRS9 was in relation to reclassifcation and is documented in the tables below:

16. RELATED PARTY TRANSACTIONS

Mr C C Johnson holds 43.94% (2018: 43.94%) of the total issued share capital of the Group as at 31 March 2019

Mr D C Stocks holds 18.89% (2018: 18.89%) of the total issued share capital of the Group as at 31 March 2019

Mr P Treadaway holds 25.04% (2018: 25.04%) of the total issued share capitawl ofn the Group as at 31 March 2019.

Further details relating to an issue of shares post last year end can be found under accounting policies.

The following working capital loans have been provided by the Directors:

14. SHARE CAPITAL

     Authorised share capital

15. SHARE PREMIUM ACCOUNT

Ordinary shares entitle the holder to receive notice of and to attend or vote at any general meeting of the Company or to receive dividends or other distributions.

Deferred shares do not entitle the holder to receive notice of and to attend or vote at any general meeting of the Company or to receive dividends or other distributions. Upon winding up or dissolution of the Company the holders of deferred shares shall be entitled to receive an amount equal to the nominal amount paid up thereon, but only after holders of Ordinary shares have received £ 100,000 per Ordinary Share. Holders of deferred shares are not entitled to any further rights of participation in the assets of the Company. The Company has the right to purchase the deferred shares in issue at any time for no consideration.

Issued, allotted and fully paid

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