The Company has taken advantage of the exemption in Financial Reporting Standard 102 from the requirement to disclose transactions with group companies on the grounds that any subsidiary which is the party to the transaction is wholly owned by such a member.
As at the reporting date, the following group balances were outstanding;
Fredereck Sage Property Management Ltd Current debtor account balance of £68,235 (2019 -£8,439).
Pirin Development (BS) Limited Current debtor account balance of £1,796 (2019 - £180).
F S Developments (AM) Ltd; Current debtor account balance of £13 (2019 - £Nil)
Pirin Development (Greenyard) Limited Current debtor account balance of £70.25 (2019 - £NIL)
Fredereck Sage Holdings Limited Current creditor account £24,656.(2019 - £4,969)
As at the reporting date there was also a loan balance of £985,000 (2019 - £985,000) due to Fredereck Sage Holdings Limited, the immediate parent company. Interest is charged on the loan balance at 2% per annum.