"The financial statements have been prepared on the going concern basis, notwithstanding the loss for the year of $1,764,046 (2020:$2,069,108), net current liabilities of $5,699,040 (2020:$4,235,912) which the director believes to be appropriate for the following reasons:
The Company is reliant on financial support from SGO Corporation Limited, the Company's ultimate parent undertaking. SGO Corporation Limited has indicated that for at least 12 months from the date of approval of these financial statements, it will continue to make available such funds as are needed by the Company. This should enable the Company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other group entities for financial support, the directors acknowledge that this support will continue for 12 months more from the date of approval of these financial statements."