The financial statements have been prepared on a going concern basis. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The company has net liabilities as at the year end, which was expected from the project undertaken; however, the directors have reviewed the cash flow forecasts and trading projections and are satisfied that the company has sufficient resources to continue to meet its obligations as they fall due.
The company is currently has the continued financial support of the director, who has confirmed that they will continue to support the business going forward. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.