The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Group accounts have not been prepared as the subsidiary undertakings are non-trading entities or are not material. As such production of consolidated accounts would not materially impact on the reported figures of the parent company. These accounts present information about the company as an individual undertaking.