14.
Related Party Transactions
Delta Technology Group LimitedParent companyDuring the year, Delta Technology Group Limited was repaid inter-company loans to associates of Northern Aqua Power (Manchester) Limited amounting to £2,209 (2018 £13,890). The balance owing at the year end is £231,694 (2018 £229,485).
Delta Technology Group Limited
Parent company
During the year, Delta Technology Group Limited was repaid inter-company loans to associates of Northern Aqua Power (Manchester) Limited amounting to £2,209 (2018 £13,890). The balance owing at the year end is £231,694 (2018 £229,485).
Northern Marine Power LimitedFellow subsidiaryDuring the year, Northern Aqua Power (Manchester) Limited made recharges to Northern Marine Power Limited of £6,304 (2018 £7,036) and received recharges of £11,138 (2018 £10,086). Sales were received, on behalf of Northern Marine Power Limited, amounting to £nil (2018 £186,092) and payments of £7,123 (2018 £6,179) were made to Northern Marine Power Limited's suppliers. Monies were transferred from Northern Aqua Power (Manchester) Limited of £nil (2018 £189,953). Monies were transferred to Delta Technology Group Limited of £2,290 (2018 £6,890) to repay the inter-company loans. The balance owed at the year end is £nil (2018 £nil).
Northern Marine Power Limited
Fellow subsidiary
During the year, Northern Aqua Power (Manchester) Limited made recharges to Northern Marine Power Limited of £6,304 (2018 £7,036) and received recharges of £11,138 (2018 £10,086). Sales were received, on behalf of Northern Marine Power Limited, amounting to £nil (2018 £186,092) and payments of £7,123 (2018 £6,179) were made to Northern Marine Power Limited's suppliers. Monies were transferred from Northern Aqua Power (Manchester) Limited of £nil (2018 £189,953). Monies were transferred to Delta Technology Group Limited of £2,290 (2018 £6,890) to repay the inter-company loans. The balance owed at the year end is £nil (2018 £nil).
Northern Sea Power LimitedFellow subsidiaryDuring the year, the company made recharges to Northern Aqua Power (Manchester) Limited of £nil (2018 £nil) and received recharges of £81 (2018 £nil). Monies were transferred to Delta Technology Group Limited amounting to £81 (2018 transferred from Delta Technology Group Limited £6,999) to repay the inter-company loans. The balance owing at the year end is £nil (2018 £nil).
Northern Sea Power Limited
Fellow subsidiary
During the year, the company made recharges to Northern Aqua Power (Manchester) Limited of £nil (2018 £nil) and received recharges of £81 (2018 £nil). Monies were transferred to Delta Technology Group Limited amounting to £81 (2018 transferred from Delta Technology Group Limited £6,999) to repay the inter-company loans. The balance owing at the year end is £nil (2018 £nil).
The loans are interest free with no fixed plans for repayment.