The date of the 30 November 2024, the company's balance sheet reflects negative equity. The directors acknowledge this financial position and have carefully assessed the company's ability to continue as a going concern.
The company has been supported by its directors, who have provided financial assistance, including additional capital injections, which has enabled the company to meet its liabilities as they fall due. However, the director is currently considering the option of closing the company due to its ongoing financial challenges. This decision may affect the company's future operations and its ability to continue as a going concern.
Given the uncertainty surrounding the company's future, the directors are assessing all available options. Nevertheless, until a final decision is made, the financial statements have been prepared on a going concern basis.
irectors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.