The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.
Under the provision of section 399 of the Companies Act 2006, the Company is exempt from preparing group accounts and has not done so, therefore the accounts show information about the Company as an individual entity.