Page 58 - 86395_CCB - 2024 Annual Report (web)
P. 58
58
Statement of Directors’ adopt the going concern basis of
accounting unless they either intend
responsibilities to liquidate the Company or to
in respect of the cease operations or have no realistic
alternative but to do so.
Financial Statements
The Directors are responsible for
keeping adequate accounting records
The Directors are responsible for preparing that are sufficient to show and explain
the Annual Report and Financial Statements the Company’s transactions and disclose
in accordance with applicable law with reasonable accuracy at any time the
and regulations. financial position of the Company and
Company law requires the Directors enable them to ensure that its Financial
to prepare Financial Statements for each Statements comply with the Companies
financial year. Under that law they have Act 2006. They are responsible for such
elected to prepare the Financial Statements internal control as they determine is
in accordance with UK‑adopted international necessary to enable the preparation
accounting standards and applicable law. of Financial Statements that are free
Under company law the Directors must from material misstatement, whether
not approve the Financial Statements unless due to fraud or error, and have general
they are satisfied that they give a true and fair responsibility for taking such steps as are
view of the state of affairs of the Company reasonably open to them to safeguard
and of its profit or loss for that period. In the assets of the Company and to
preparing the Financial Statements, the prevent and detect fraud and other
Directors are required to: irregularities.
Under applicable law and regulations,
select suitable accounting policies and
the Directors are also responsible for
then apply them consistently;
preparing a Strategic Report and a
make judgements and estimates that are Directors’ Report that complies with that
reasonable, relevant, and reliable; law and those regulations.
The Directors are responsible for
state whether they have been prepared the maintenance and integrity of the
in accordance with UK‑adopted corporate and financial information
international accounting standards;
included on the Company’s website.
assess the Company’s ability to continue Legislation in the UK governing the
as a going concern, disclosing, as preparation and dissemination of
applicable, matters related to going Financial Statements may differ from
concern; and legislation in other jurisdictions.

