We continue to closely monitor the ongoing development in relation to Coronavirus and are taking appropriate action to mitigate the financial impact of Coronavirus in our business. Since the end of the financial year, the Coronavirus pandemic has not had a significant impact so the directors are of the opinion that the circumstances do not give rise to events or conditions that cast significant doubt over the company’s ability to continue as a going concern or give rise to material uncertainties.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being the period of at least twelve months from the date these financial statements were approved.
Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.