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Related Party Transactions

common ownership

I am preparing the accounts of A Ltd.  A Ltd is owned by Mr and Mrs C. It is a small Ltd Co and the accounts are being prepared under FRSSE Jan 2015.

B Ltd is owned by Mr C

B ltd has a 50% share of ABC ltd.

ABC Ltd trades with A ltd and there has been a significant bad debt write off in the accounts. Is this a repated party transaction?  Do I need to disclose the balance o/s at the end of the period, the nature of the transactions and the amount of the write off? Anything else?

 

Thank you

 

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19th Jul 2017 13:12

The transactions giving rise to the indebtedness, the amount of the indebtedness, and impairment of the indebtedness are all disclosable.

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