b'62 Mercia asset Management PLc Annual Report and Accounts 2021Statement of Directors responsibilitiesThe Directors are responsible for preparing the Annual ReportThe Directors are responsible for the maintenance and integrity and the audited financial statements in accordance withof the corporate and financial information included on the applicable law and regulations. Groups website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ Company law requires the Directors to prepare financialfrom legislation in other jurisdictions.statements for each financial year. Under that law the Directors have prepared the Group financial statements in accordance withDirectors responsibility statementInternational Accounting Standards (IAS) in conformity withWe confirm that to the best of our knowledge:the requirements of the Companies Act 2006 and have elected tothe financial statements, prepared in accordance with the prepare the Parent Company financial statements in accordancerelevant financial reporting framework, give a true and fair with United Kingdom Generally Accepted Accounting Practiceview of the assets, liabilities, financial position of the Group (United Kingdom Accounting Standards and applicable law),and the Company and profit of the Group and the including Financial Reporting Standard 101 Reduced Disclosureundertakings included in the consolidation taken as a whole; Framework. Under company law, the Directors must not approvethe Strategic Report includes a fair review of the development the financial statements unless they are satisfied that they give aand performance of the business and the position of the true and fair view of the state of affairs of the Group and theCompany and the undertakings included in the consolidation Company and of the profit or loss of the Group for that period. taken as a whole, together with a description of the principal risks and uncertainties that they face; and In preparing the Group financial statements, the Directors arethe Annual Report and financial statements, taken as a whole, required to: are fair, balanced and understandable and provide the properly select and apply accounting policies;information necessary for shareholders to assess the present information, including accounting policies, in aCompanys and the Groups position and the Groups manner that provides relevant, reliable, comparable andperformance, business model and strategy. understandable information; provide additional disclosures when compliance with theThis responsibility statement was approved by the Board on specific requirements of IAS in conformity with the5 July 2021 and signed on its behalf by:requirements of the Companies Act 2006 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entitysDr Mark Payton Martin Glanfieldfinancial position and financial performance; and Chief Executive OfficerChief Financial Officermake an assessment of the Groups ability to continue as a going concern. In preparing the Company financial statements, the Directors are required to:select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Groups and the Companys transactions and disclose with reasonable accuracy at any time the financial key position of the Group and the Company, enabling them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.'