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    • Avatar of MikeLittle says

      I don’t have the question to hand so these are just guesses. If they don’t answer your question, post again with the details about the loan note – who issued it, in which Statement of Financial Position is it shown as an obligation, what date it was issued – in fact, anything information to do with the loan note from the question

      Was it issued by Hosterling as part of the purchase consideration – in which case, it has been issued to the former shareholders of Sanderling (?) and not to Sanderling itself.

      Was it issued by Sanderling to Hosterling in which case the interest expense in Sanderling will cancel with the interest income in Hosterling on consolidation.

      If neither of those guesses answer it, post again

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