I wonder if someone can help.
Small company with 2 directors and 50/50 shareholders of which one of them has sadly passed away suddenly.
The issue we have is that we have just finalised the most recent accounts and there is an overdrawn directors loan for both of the directors/shareholders. The year end date was about 10 days after he died.
Therefore could anyone guide me as to what happens to the directors loan for the individual who has died please?
Thanks in advance