At 30 November 2025, the company had net liabilities and its current liabilities exceeded its current assets. The company also incurred a loss for the year and remains dependent upon financial support from its director.
The director has considered the company’s forecast rental income, expected property expenditure, mortgage interest commitments and other liabilities for a period of at least twelve months from the date of approval of these financial statements.
The director has confirmed his intention to continue providing financial support to the company and not to seek repayment of amounts owed to him where doing so would prevent the company from meeting its liabilities as they fall due.
These conditions indicate the existence of a material uncertainty that may cast significant doubt upon the company’s ability to continue as a going concern. Nevertheless, having considered the available financial support and the company’s expected rental income, the director considers that the company will have sufficient resources to meet its liabilities as they fall due. The financial statements have therefore been prepared on a going concern basis.