The directors have not identified any material uncertainties related to events or conditions that may cast significant
doubt about the company's ability to continue as a going concern.
As at the statement of financial position date the Company had net liabilities. An unsecured loan is a significant creditor of the Company. The Creditor has agreed not to seek repayment of the debt until the Company can afford to repay it. Therefore, it is appropriate for the financial statements to be prepared on a going concern basis.