Directors’ Report for the year ended 31 December 2016
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the parent company and enable them to ensure that its financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities. Matters covered in the Strategic Report Discussion of going concern, financial risk management, future developments and payment of dividends have been included in the Strategic Report. Statement of disclosure of information to auditor In the case of each director in office at the date the Directors’ Report is approved under section 418, the following applies: (a) So far as the director is aware, there is no relevant audit information of which the company’s auditor is unaware; and (b) He has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company’s auditor is aware of that information. Independent auditor KPMG LLP was appointed auditor during the year. Pursuant to Section 487 of the Companies Act 2006, the auditor will be deemed to be reappointed and KPMG LLP will therefore continue in office.
The directors present their report and the audited consolidated financial statements of the Group for the year ended 31 December 2016. Directors The directors who served the company during the year and up to the date of signing the financial statements were as follows:
N Wells N Polglass (Appointed 17 May 2016) M Parmar
The directors benefit from qualifying third party indemnity provisions in place during the financial year and at the date of this report. Political donations The Group made no political donations (2015: £nil) during the year. Statement of directors’ responsibilities The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law, they have elected to prepare the Group and parent company financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and parent company and of their profit or loss for that period. In preparing each of the Group and parent company financial statements, the directors are required to:
Signed on behalf of the Board
• Select suitable accounting policies and then apply them consistently;
• Make judgements and estimates that are reasonable and prudent;
M Parmar Director
• State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group and the parent company will continue in business.
10 March 2017
Directors’ Report | Whistl Annual Report 2016
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