Mike Cross wrote:
If you think there was an amount sitting in BCT's bank account that showed in the accounts as a credit on Flybuddy's account when Shanley took over and that Shanley then spent it I suggest you go down to the bottom of your garden and have a nice relaxing chat with the fairies who clearly inhabit it.
The amount would not have been on a bank statement, but the company's annual report and accounts should have shown FlyBuddy's advance payment (until FlyBuddy had fully drawn down against it), so yes, Shanley as sole director should have known. The balance sheet would show this quite clearly, as it happens.