Annual Reports Keepmoat Homes Annual Report 2018 | Page 80

Notes to the company financial statements
Keepmoat.com
43 – Related party disclosures
Keepmoat Limited is part of the Keystone JVco Limited Group and the directors regard all subsidiaries, joint ventures and
associates of the Keystone JVco Limited Group to be related parties. During the year the Company has traded with these
related parties and summaries of those transactions are set out below:
The outstanding balances between the Company and these related parties as at 31 March 2018 was as detailed below:
Balances outstanding
Trade and other
receivables
As at 31 March
Trade and other
payables
2018 2017 2018 2017
£’000 £’000 £’000 £’000
- - 53 53
Keystone Topco Limited 686 26,111 - -
Keystone Midco Limited - - 10,000 -
Keystone Bidco Limited - - 6,860 6,860
5,417 3,974 - -
- 675 5,893 -
Castle 1 Limited 44,807 64,130 - -
Total (debtors note 33, creditors note 34) 50,910 94,890 22,806 6,913
- - 2,073 1,835 - -
1,597 1,597 - -
- - - -
- - - -
3,670 3,432 - -
- - - -
Non-current (note 33) 3,670 3,432 - -
Total 3,670 3,432 - -
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
Total
Current
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 debtors are the following non-current loans;
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.
Loan receivable from Sheffield Housing Company Limited of £1,597,000 (2017: £1,597,000) bearing interest at 7% and is
secured on the assets of SHC.
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