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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Investment properties are carried at fair value in accordance with FRS 102 Section 16. The fair value of the property at the year end has been determined by reference to an independent valuation prepared by Allcott Associates LLP, who are RICS-qualified valuers. The valuation was carried out on 11 November 2024 using the market approach, reflecting the amount for which the property could be exchanged between knowledgeable, willing parties in an arm’s-length transaction.