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.
Functional and Presentational Currency
The company's functional currency is Austrailian Dollars. The company's presentational currency is GBP.
Restatement of Comparatives
The prior year's balance sheet has been restated. Debtors due in less than one year have decreased by £4,205,860 and current liabilities have decreased by the same amount.