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 director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For long term finance the company rely upon the loans provided by the main shareholder, thereby providing the company with operational flexibility to focus on its strategic objectives and business development initiatives. In assessing going concern the director has assumed that although the loans are capable of being repaid, management has assumed that such repayment may not be required in the foreseeable future. Based on this assumption, the financial statements have been prepared on a going concern basis.