Annual Reports Keepmoat Homes Annual Report 2018 | Page 65

Notes to the consolidated financial statements
Keepmoat.com
26 – Related party disclosures (continued)
The outstanding balances between the Group and these related parties as at 31 March 2018 was as detailed below:
Balances outstanding
Trade and other
receivables
Trade and other
payables
2018 2017 2018 2017
£’000 £’000 £’000 £’000
- - 530 529
Keystone Topco Limited 685 26,111 - -
Keystone Midco Limited - - 10,000 -
Keystone Bidco Limited - - 6,860 6,860
Keystone Financing Plc 1,570 1,570 - -
13,450 12,006 - -
- 674 6,137 185
Castle 1 Limited 45,755 65,003 51,653 57,883
Total (debtors note 14, creditors note 16) 61,460 105,364 75,180 65,657
- - 179 682
2,073 1,835 - -
5,417 3,881 - -
324 471 - -
- - - -
Total 7,814 6,187 179 682
Current (debtors note 14, creditors note 16) 4,144 2,755 179 682
Non-current (note 14) 3,670 3,432 - -
Total 7,814 6,187 179 682
As at 31 March
Parent undertaking
Keystone JVco Limited
Lakeside 1 Limited
K & A Merger Limited
Joint ventures
Durham Villages Regeneration Limited
BK Scotswood LLP
Associates
Sheffield Housing Company Limited
New Tyne West Development Company LLP
Investments
Sustainable Communities for Leeds (Holdings)
Limited*
*Denotes entity sold on 30 April 2017 as part of disposal of Regeneration business.
With the exception of the balances below, all amounts are current, unsecured, non-interest bearing and settled in cash.
There are no provisions for impairment in respect of amounts owed by related parties.
Included within trade and other receivables are the following non-current loans;
Loan receivable from Sheffield Housing Company Limited (‘SHC’) of £1,597,000 (2017: £1,597,000) bearing interest at 7%
and is secured on the assets of SHC
Loan receivable from BK Scotswood LLP of £2,073,000 (2017: £1,835,000) which bears no interest and is secured on the
assets of the joint venture.
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