STATEMENT OF DIRECTORS' RESPONSIBILITIES
The Annual Report and Accounts contain the accounts and reports of the Directors, including the Report on Directors’ Remuneration, in accordance with applicable United Kingdom law and International Financial Reporting Standards as adopted by the European Union or, in the case of the Company’s accounts, UK GAAP. The Directors are required to prepare accounts for each financial year that present fairly the financial position of the Company and of the Group and the financial performance and cash flows of the Group for that period. The financial statements of the Company are required by law to give a true and fair view of the state of affairs and of the profit or loss for that period. In preparing those accounts the Directors are required to:
- select suitable accounting policies and then apply them consistently;
- present information and accounting policies in a manner that provides relevant, reliable and comparable information; and
- state that the Company and the Group have complied with applicable accounting standards, subject to any material departures disclosed and explained in the accounts.
The Directors confirm that these accounts comply with the above requirements.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable them to ensure that the accounts comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Board supports the highest standards of corporate governance and ethical practices within all its operations and continues to review its policies on an ongoing basis. The Board has endorsed a set of principles which establish the framework for how its businesses operate. Key to these is working in an open and honest manner.
