At the balance sheet date, the company has a net liabilities position, primarily due to the financing of property acquisitions through director-provided capital. The directors have supported the company through capital contributions and loans, which have been utilised for property investments and ongoing business operations.
The directors have confirmed their intention to continue to provide financial support to the company for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
The amounts due to the directors are disclosed under creditors – amounts falling due after more than one year, reflecting the long-term nature of these funding arrangements.