The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
At the balance sheet date there were net liabilities of £16,721 (2022: £11,328). Included within creditors are loans made to the company by connected parties totalling £16,256 (2022: £10,859), these amounts will not be repayable within 12 months of the year end, which will enable the company to meet liabilities as they fall due. The directors are satisfied that the financial statements are preparred on a going concern basis.