Within Creditors falling due within one year is a loan from New Lake 47 BV, a company registered in the Netherlands and
wholly owned by J Shimmin, a shareholder and director of Spoon Cereals UK Ltd. The loan is interest free loan with no fixed
repayment terms and totals £16,581 at 31 December 2020 (2019 £16,581).
Within Creditors falling due within one year there is also a loan from J Shimmin at 31 December 2020 amounting to
£302,431 (2019 - £257,827). This loan is interest free with no fixed repayment terms.
Within Creditors falling due within one year there is also a loan from C Shimmin at 31 December 2020 amounting to
£25,000 (2019 - £Nil). This loan is interest free with no fixed repayment terms.
Within Creditors falling due greater than one year there is also a convertible loan from J Shimmin at 31 December 2020 amounting to £101,606 including interest (2019 - £Nil). Interest is payable at 8% on maturity.