These financial statements have been prepared on a basis other than that of a going concern, as the company has ceased trading during the financial year ended 30 April 2025.
The director has decided to cease operations and wind down the company’s affairs. As a result, the going concern basis is no longer appropriate. The financial statements have therefore been prepared on a break-up basis, reflecting the director's best estimate of the realisable value of the company’s assets and the settlement values of its liabilities as at the balance sheet date.
All assets have been reviewed for impairment, and appropriate adjustments have been made to reflect their net realisable values. Provisions have also been made for all known liabilities and costs expected to be incurred during the winding-up process, including legal and professional fees, and other closure-related expenses.
The director is satisfied that all obligations can be met in full from the net realisable value of assets.