The directors acknowledge that the company has net current liabilities and net liabilities at the year end. The directors have reviewed the company’s position, profitability and its ability to meet its liabilities as they fall due for at least twelve months from the date these financial statements are approved.
The company is dependent on the continued support of its directors and creditors. The directors have confirmed that they currently intend to provide financial support to the company where needed and will not seek repayment of amounts due to them if doing so would affect the company’s ability to pay its liabilities.
These matters indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern.
However, based on the support currently available and the directors’ expectations, the directors consider it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.