These financial statements have been prepared on a going concern basis, which assumes that Reset Labs London Ltd will continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements.
The ability of the company to continue as a going concern is affirmed by the continued support of its shareholder companies (the "Shareholders"). The Shareholders have confirmed their intention to provide the necessary financial and operational support to Reset Labs London Ltd to enable it to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
The directors have carefully considered the company's current financial position, its future prospects, and the explicit support provided by the Shareholders. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that it is therefore appropriate to prepare the financial statements on a going concern basis in accordance with Financial Reporting Standard 102 (FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements do not include any adjustments that would be necessary if the going concern basis were not appropriate.