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. The company is dependent on the continued support of its directors for the financing of its day to day working capital. The directors do not intend to withdraw that support within the foreseeable future and are of the opinion that it is appropriate to prepare the accounts on a going concern basis.

The company’s novel advanced hybrid AI software platform that uniquely combines Machine Reasoning and Machine Learning (without the need for expensive, power-hungry and processing-intensive Large Language Models being developed) has been the basis for engaging in discussions with potential acquirers of the proprietary IP on which the platform and tools are based.

Intellectual property assets (licenses and patents), bought by the company at cost in 2009-2010 was

amortised over 5 years

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: