Overdrawn Director's Loan Release Waiver

Hello All

I hope everyone is keeping safe and well.

I am preparing accounts for a company (sole director and shareholder). The DLA is overdrawn and there are no reserves, so I plan to waive the loan. I am aware that the figure will need to be included on the director's self assessment as a deemed distribution and disclosed on the additional pages, the loan must be formally waived and there will be no corp tax relief re the written off loan. My question is where do I debit, Director's salary (and then HMRC may challenge it as salary) or equity dividends or something else?

Many thanks in advance


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