for the Period Ended 7 December 2023
Directors report | |
Balance sheet | |
Additional notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 7 December 2023
Principal activities of the company
Political and charitable donations
Company policy on disabled employees
Additional information
The group does not make or permit any of its people to make on its behalf, any political donations. Nor does it have any political affiliations. Principal tax policy The Group tax strategy applies to all entities ultimately owned Z U A A H L SC393133 and applies to the management of the group corporate tax affairs. Employee and client related taxes are managed by Human resources and Chubb Insurance and are not covered under the group tax strategy. Affairs to manage taxation efficiently are organised by the group holdings company consistent with commercial needs and with the groups approach to tax risk. We do not enter into facilitate or promote arrangements which lack business purpose. The Group tax team proactively identifies and monitors key tax risks throughout the year, taking into account changes in the business and applicable tax legislation, ensuring that the control framework governing tax risk is updated appropriately. The team also assists and works with the group to ensure full and timely compliance with the tax reporting and other obligations as required by legislation. It maintains close working relationships with different parts of the business to ensure that the tax implications of transactions and any business changes are fully understood. The Group tax team consults with external advisers on specific matters, where required, and engages with industry bodies to assess future legislative developments. Anti Money Laundering & Know Our Clients Our reputation is of paramount importance to us. This is why we take great care to make sure that we work with clients and counterparts that meet our standards. Acrobat Group detailed and comprehensive policies and procedures the way in which we take businesses. These cover matters from initial due diligence and research into the source of reputation of clients to the ownership and structure of corporate bodies and other legal structures. Acrobat Group has specific client acceptance processes, including committees which look at all matters relevant to the acceptance of higher risk Investments. Information relating to all existing clients is regularly re-examined, with high risk clients reviewed on an annual basis. These committees form part of a disciplined and embedded process to reduce the reputation risk that the group faces. The group also maintains appropriate processes procedures. The Audit Committee is empowered to obtain any information it considers necessary to fulfil its task from the Company’s executive body, its staff and the Company’s or its subsidiaries’ Statutory Auditors. Audit Committee members have the opportunity, if necessary, to seek the opinion of the senior executives of the Group as well as that of the Statutory Auditors. ACTIVITY The Audit Committee meets at least four times a year or more frequently if so required. Before each meeting, every member receives a file containing all the documentation, notes and reports relating to each item on the agenda. The Group Chief Financial Officer, the Group External Reporting Director, the Group Head of Internal Audit, the Group Head of Legal & Compliance, the Group Head of Risk, the Group Company Secretary (and General Counsel of the Company) and the Statutory Auditors are permanent attendees at the meetings of the Audit Committee. The March and September meetings are mainly focused, respectively, on the review of the solo parent company and consolidated accounts and the half-year accounts and the presentation by the Statutory Auditors of its report after its review of such accounts. In addition, at the March meeting, the Audit Committee reviews the report on risk management and accounting procedures implemented by the Company that are displayed in the report on internal control, risk management and accounting procedures. The report must be forwarded to the Supervisory Board to be signed and stamped.
Directors
The director shown below has held office during the period of
7 September 2023
to
7 December 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 7 December 2023
Basis of measurement and preparation
for the Period Ended 7 December 2023
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Average number of employees during the period |
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