The Dublin food hall and restaurant business Fallon & Byrne was given a €200,000 loan during 2010 by the father of one of its owners, according to accounts for the company filed recently.

During 2010, the company made a €733,719 settlement with the Revenue. The payment was in relation to the underdeclaration of VAT totalling €362,474 plus interest and penalties of €371,245. Turnover fell by 4.6 per cent to €9,555,691, the accounts show, but pretax profits increased.