Directors Report 2
Directors' report
The directors present their report and audited financial statements of the company for the fourteen month
The directors' report has been prepared in accordance with the special provisions relating to small
Results and dividends The company recorded a loss for the period of 0,868. The directors cannot recommend the payment of an ordinary dividend.
Principal activity and review of the business The company was incorporated in Great Britain and registered in England and Wales on 5 February 2008
6493296. The principal activity of the company is the provision of services to water and wastewater business
The company did not trade during the period.
Going concern The directors' considerations in preparing these financial statements on a going concern basis are set out in note I.
Directors The directors who held office during the period and to date are given below: M Cartnedy JM Perrie GL Sims UU Directorate Limited UU Secretariat Limited (appointed 15 May 2009) (appointed 1 September 2008; resigned 15 May 2009) (appointed 1 September 2008) (appointed 5 February 2008; resigned 1 September 2008) (appointed 5 February 2008; resigned 1 September 2008) During the period directors' and officers' liability insurance was in force.
Disclosure of information to the auditors Each of the persons who is a director at the date of approval of this report confirms that: I. so far as he or she is aware, there is no relevant audit information of which the company's
2. he or she has taken all the steps that he/she ought to have taken as a director in order to make
auditors are aware of that information.
This confirmation is given, and should be interpreted, in accordance with the provisions of s234ZA of the
Auditors A resolution to appoint Deloitte LLP as auditors will be proposed at the forthcoming Annual General Meeting.
By order of the board
AJ Tayl For and on behalf of UU Secretariat Limited Company Secretary 2009-10-19 00:00:00
3.0 United Utilities Water Leasing Limited
Statement of directors' responsibilites in respect of the
The directors are responsible for preparing the Annual Report and the financial statements in accordance
Company law requires the directors to prepare financial statements for each financial year. Under that law
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
?select suitable accounting policies and then apply them consistently;
?make judgments and estimates that are reasonable and prudent;
?state whether applicable UK Accounting Standards have been followed, subject to any material
?prepare the financial statements on the going concern basis unless it is inappropriate to presume that
The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy
statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
4.0 United Utilities Water Leasing Limited
Independent auditors' report to the members of United Utilities Water Leasing Limited
We have audited the financial statements of United Utilities Water Leasing Limited for the fourteen
recognised gains and losses, the balance sheet and the related notes 1 to 8. These financial statements have been prepared under the accounting policies set out therein. This report is made solely to the company's members, as a body, in accordance with section 235 of the
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 company's members as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of directors and auditors The directors' responsibilities for preparing the financial statements in accordance with applicable law and
set out in the statement of directors' responsibilities. Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory
We report to you our opinion as to whether the financial statements give a true and fair view and are
opinion the information given in the directors' report is consistent with the financial statements. In addition we report to you if, in our opinion, the company has not kept proper accounting records, if we
by law regarding directors' remuneration and other transactions is not disclosed. We read the directors' report and consider the implications for our report if we become aware of any
Basis of audit opinion We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued
the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the director in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company's circumstances, consistently applied and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanations which we
financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. Opinion In our opinion: ?the financial statements give a true and fair view, in accordance with United Kingdom Generally
its loss for the fourteen month period then ended; ?the financial statements have been properly prepared in accordance with the Companies Act
?the information given in the directors' report is consistent with the financial statements.
cleksji.
Deloitte LLP Chartered Accountants and Registered Auditors Manchester, United Kingdom 2_0 October 2009
5.0
United Utilities Water Leasing Limited