How does “Directors' loans” work on the Company Secretarial page?

A director's loan account is identified by its tag on Account Reports or, failing that, by an account name carrying both director and loan; its balance is the balance-sheet figure as at each company's last snapshot, and two companies may have different dates. The flags come from one shared rule, the same one the audit file applies, so the screen and the working paper cannot disagree about whether a director owes the company money. The page shows the position; the tax consequences of an overdrawn account are for the accountant. Where: Company Secretarial (/accounts/company-secretarial).