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.

At the balance sheet date, the company had a net liability position of £347,507 following the write down of assets in the 2024 period. As shown in the 2025 financial statements, the company has returned to profit in the 2025 financial year, and unaudited management accounts to date for the 2026 period show the company continuing to be profitable. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that the company will have sufficient cash flows to meet its liabilities as they fall due. These forecasts account for the negative balance sheet and are dependent on the continued financial support of fellow group companies, which have provided written undertakings of financial support for a period of not less than 12 months from the approval date of these financial statements.