The Directors are required to prepare financial statements for each financial period which comply with the provisions of the Companies Act 1985 and give a true and fair view of the state of affairs of the Company and the Group as at the end of the accounting period and of the profit or loss for that period. Suitable accounting policies, consistently applied and supported by reasonable and prudent judgements and estimates, have been used in the preparation of the financial statements.

Applicable accounting standards have been followed and as the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future, the financial statements have been prepared on a going concern basis.

The Directors are responsible for maintaining adequate accounting records, for safeguarding the assets of the Company and the Group, and for taking reasonable steps for the prevention and detection of fraud and other irregularities.