These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

The directors intend to strike off the company following the filing of these financial statements and settlement of all outstanding obligations, thus ceasing operational existence over a period that may exceed twelve months from the date of signing this report.

The directors are confident that sufficient financial support will be made available from the group to enable the company to meet all of its liabilities in due course. Once these have been settled, the intention is for the company to be liquidated. Accordingly, the accounts have been prepared on a break-up basis with liabilities provided for in full. No material adjustments arose as a result of ceasing to apply the going concern basis.

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Provision of services are made to the entity's parent company and are measured at a percentage mark up of costs incurred in the provision of such services, until the point at which the company is unable to fulfil the obligations included within the service agreement.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Other income relates to the transfer of assets and liabilities for the purpose of integrating its business activities and has been transferred at a rate as agreed by both parties.

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.