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 company is one of a number of companies in which the directors have participating interests. Although the company has net liabilities, the directors have confirmed that they will not seek repayment of amounts owed to creditor companies under their control, and that they will provide such financial support from their own resources as is necessary to enable the company to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of these financial statements. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. As this support is not legally guaranteed, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.