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.

As at the year end the company's balance sheet shows net current liabilities and an overall balance sheet deficiency of £397,973 (2023: £383,329). Accordingly, the directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern policy remains appropriate. The accounts have been prepared on a going concern basis as group and connected companies which have provided financial support to the company, will continue to do so, to enable the company to sell its remaining assets prior to closure. The directors have reviewed the position for 12 months from the date the accounts were approved.

Turnover comprises the fair value of the consideration receivable for the rental of the property in the ordinary course of the company's activities. Turnover is shown net of sales, value added tax, returns, rebates and discounts.