Hi All, thanks for looking at my question.
The directors loan account is in high credit, and we want to charge interest, but the bank balance is too low to meet the payment. We will only be charging interest annually.
Should we charge the interest to the company, file the CT61, then just add the value to the DLA (creating compound interest), or separate the interest value to a different account?
The company will probably run at low balance for some time yet, until the investment hits revenue-generation.