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The following statement, which should be read in
conjunction with the Report of the auditors,
is made with a view to distinguishing for shareholders the respective
responsibilities of the directors and of the auditors in relation to the
financial statements.
The directors are required by the Companies Act 1985 to prepare financial
statements for each financial year which give a true and fair view of
the state of affairs of the Company and the Group as at the end of the
financial year and of the profit or loss of the Group for the financial
year.
The directors consider that in preparing the financial statements, appropriate
accounting policies have been consistently applied, supported by reasonable
and prudent judgements and estimates, and that all applicable accounting
standards have been followed.
The directors are satisfied that the Group has adequate resources to meet
its operational needs for the foreseeable future and, accordingly, they
continue to adopt the going concern basis in preparing the financial statements.
The directors are responsible for ensuring that accounting records are
kept which disclose, with reasonable accuracy, the financial position
of the Company and which enable them to ensure that the financial statements
comply with the Companies Act 1985. They are also responsible for safeguarding
the assets of the Group and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Company has a website which contains up to date information on Group
activities and published financial results. The maintenance and integrity
of this website is the responsibility of the directors. Legislation in
the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
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