Following the acquisition of Oysta Technology Limited and its subsidaries, by Access UK Limited the trade, assets, liabiltiies, rights and obligations of Oysta Technology Limited have been absorbed into Access UK Ltd at 14th August 2023.
The transfer was accounted for as a merger by absorption and consequently the company's assets and liabilities have been absorbed at their carrying values at the date of absorption. Further to the acquisition and hive-up of the company's assets and trade by Access UK Limited. It is the intention of the Directors to liquidate the company in the future. At the date of approving these financial statements it is the considered view of the directors' that there is no material difference between the going concern basis and any other basis under which the financial statements could have been prepared.