b'Strategic report Governance Financial statementsReport on other legal and regulatory requirements11. Opinions on other matters prescribed by the Companies Act 2006In our opinion, based on the work undertaken in the course of the audit:the information given in the Strategic Report and the Directors Report for the financial year for which the financial statements are prepared is consistent with the financial statements; andthe Strategic Report and the Directors Report have been prepared in accordance with applicable legal requirements.In the light of the knowledge and understanding of the Group and the parent Company and their environment obtained in the course of the audit, we have not identified any material misstatements in the Strategic Report or the Directors Report.12. Opinion on other matter prescribed by our engagement letterIn our opinion the part of the Directors Remuneration Report to be audited has been properly prepared in accordance with the provisions of the Companies Act 2006 that would have applied were the Company a quoted company.13. Matters on which we are required to report by exception13.1 Adequacy of explanations received and accounting recordsUnder the Companies Act 2006 we are required to report to you if, in our opinion:we have not received all the information and explanations we require for our audit; oradequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; orthe parent Company financial statements are not in agreement with the accounting records and returns.We have nothing to report in respect of these matters.13.2 Directors remunerationUnder the Companies Act 2006 we are also required to report if in our opinion certain disclosures of Directors remuneration have not been made.We have nothing to report in respect of this matter.14. Use of our reportThis report is made solely to the Companys members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Companys members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Companys members as a body, for our audit work, for this report, or for the opinions we have formed.Jonathan Dodworth (Senior Statutory Auditor)For and on behalf of Deloitte LLPStatutory AuditorBirmingham, UK13 July 2020Mercia Asset Management PLC 73Annual Report and Accounts 2020'