Additional Disclosures
Restatement of Expenditure
The expenditure presented in the income statement has been restated for clarity and better categorisation. The restatement involves a reclassification of certain costs between the expense categories in the income statement. This adjustment does not impact the overall total costs; rather, it enhances the transparency and accuracy of cost allocation. The reclassified costs have been appropriately categorised to reflect their nature and align with the relevant accounting standards. No changes have been made to the total amount of company expenditure reported.
Ultimate Holding Company
The company is a wholly owned subsidiary of Primary Asset Holdings Ltd, a company registered in
England, number 11065321. It's registered office address is 2 Endeavour House, Parkway Court,
Longbridge Road, Plymouth, Devon, PL6 8LR.
Going Concern
The company has net liabilities. The company is therefore reliant upon the continued financial
support of its directors in order to continue operations. The directors have indicated their
willingness to provide financial support to ensure that the company has sufficient resources to
meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going
concern basis.
If the support of the directors were withdrawn, then the going concern basis may not be
acceptable. Adjustments may then have to be made to adjust the value of the assets to their
recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed
assets and long term loans as current assets and current liabilities.