preparation of the accounts are set out below.
(a) Accounting convention
The accounts of the company are prepared under the historical cost convention and in accordance with applicable accounting
standards in the United Kingdom (UK GAAP) and with the provisions of the Companies Act 2006, except for the treatment
of certain capital contributions as explained in sub-note (e) below.
The company has not adopted IFRS for its financial statements for the year ended 31 March 2011, and has no current plans
to do so until UK GAAP and IFRS are fully harmonised.