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.
The balance sheet shows net liabilities of £3,425 as at 31 August 2024. The company relies on the financial support of its directors in the form of a loan totalling £11,506 as at 31 August 2024. The director will continue to support the company for the foreseeable future and considers the going concern basis of preparation to be appropriate.