As at the year end, the LLP's balance sheet shows net liabilities and an overall deficiency of assets amounting to £9,021 (2023: surplus £33). Accordingly, the partners have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis, as the partners continue to provide financial support, when necessary to the LLP. The partners have also reviewed the position for twelve months from the date the accounts were approved, and in their opinion, the LLP will reduce the balance sheet deficiency and will show positive results for the next financial period.