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 assessed the company's financial position and forecast cash flows at the date of approval of these financial statements. Although the company reports net liabilities and negative reserves, it is supported by loans from its directors and other related companies. The directors have confirmed, and are satisfied as to the ability of the relevant parties to provide, sufficient continuing financial support for a period of at least 12 months from the date of approval. On that basis the directors consider the company able to meet its foreseeable obligations and continue to adopt the going concern basis of accounting.