The financial statements have been prepared on a going concern basis. However, the directors have taken the decision to make the company dormant. As a result, the company will cease trading and will not carry out any further business activities in the foreseeable future.
The company has no significant liabilities and no foreseeable need for additional funding. Therefore, no material uncertainties exist regarding the company’s ability to meet its obligations as they fall due. The directors confirm that the company has adequate resources to continue in operation in its dormant state for the foreseeable future.