Tax and children

Situation: A father sets up a company with a friend.  Friend owns 50%, father owns 10%, his 4 minor children own 10% each.  The children subscribe and pay for their own shares at par using their own money (not from father); [or the children's shares are subscribed to at par by friend, who then gifts them to the children].  The company takes a company loan from friend and father to get seed capital, invest this and generate returns.  The company could pay interest on the loan to the friend and father, so this loan is quasi-commercial.

Question:  i) Will any dividend income received by the children be taxed as if it had been received by the father?  ii) Will any capital gains on the disposal of the shares by the children be taxed as if they had been received by the father?

Thanks.