The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value 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.
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Summary of disclosure exemption
The financial statements present information about the company as an individual undertaking not about its group. The company is not required to prepare group accounts since it satisfies the exemptions available as defined by Section 399 of the Companies Act 2006 as it and its subsidiary quailify as a small group.