Annual Report & Accounts 2005 - Notes to the Financial Statements
NOTES TO THE FINANCIAL STATEMENTS
20. COMMITMENTS
LEASE COMMITMENTS
At 31 December 2005, the Group had annual commitments under non-cancellable operating leases as follows:
2005 2004
Land and Land and
buildings buildings
£ £
Expiring – 1-2 years 30,000 –
Expiring – 2-5 years – 30,000
21. RELATED PARTY DISCLOSURES
The Company has taken advantage of the exemptions in Financial Reporting Standard 8 with regard to disclosure of
transactions with other Group undertakings.
During the year, the Group traded with BrookStreet Des Roches, a firm of solicitors for which K W Brooks acts as a
consultant, as follows:
2005 2004
£ £
Provision of legal services 22,044 21,025
Trade creditors due at the year end 5,885 4,494
In 2004 the Group traded with Oxford Commercial Services Ltd and Oxford Corporate Services Ltd, companies in
which K W Brooks is a director. The transactions in aggregate were as follows:
2005 2004
£ £
Provision of management and statutory secretarial services – 11,483
Trade creditors due at the year end – 695
During 2004, the Group traded with Management (TG) Ltd, a company controlled by T Griffiths. The transactions in
aggregate were as follows:
2005 2004
£ £
Provision of consultancy services and reimbursement of expenses – 57,820
Trade creditors due at the year end – –
FOR THE YEAR ENDED 31 DECEMBER 2005 - CONTINUED
