The financial statement has been prepared on the going concern basis.This assumes that the company will continue in operational existence for the foreseeable future .
At the year end 31 December 2024 the company's liabilities exceeded its assets.The director of the company has assurance in place to support the company financially and does not intend to withdraw his support of the company in the next twelve month.
The director therefore deemed it appropriate for the financial statements to be prepared on the going concern basis.