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 company is exempt from the requirement to prepare consolidated financial statements by virtue of Section 399(2A) of the Companies Act 2006. Consequently, these financial statements deal with the results of the company as a single entity.