Annual Reports Keepmoat Homes Annual Report 2018 | Page 22

Independent auditors’ report to the members
of Keepmoat Limited
Report on the audit
of the group financial
statements
Opinion Independence
In our opinion, Keepmoat Limited’s Group financial
statements (the “financial statements”): We remained independent of the Group in accordance with
the ethical requirements that are relevant to our audit of
the financial statements in the UK, which includes the FRC’s
Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements.
give a true and fair view of the state of the Group’s affairs
as at 31 March 2018 and of its profit and cash flows for
the year then ended;
have been properly prepared in accordance with
International Financial Reporting Standards (IFRSs) as
adopted by the European Union; and
have been prepared in accordance with the requirements
of the Companies Act 2006.
We have audited the financial statements, included within
the Annual Report and Financial Statements (the “Annual
Report”), which comprise: the consolidated balance sheet
as at 31 March 2018; the consolidated income statement
and the consolidated statement of comprehensive income,
the consolidated cash flow statement, and the consolidated
statement of changes in equity for the year then ended; the
principal consolidated accounting policies; and the notes to
the consolidated financial statements.
Basis for opinion
We conducted our audit in accordance with International
Standards on Auditing (UK) (“ISAs (UK)”) and applicable
law. Our responsibilities under ISAs (UK) are further
described in the Auditors’ responsibilities for the audit of
the financial statements section of our report. We believe
that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating
to going concern
We have nothing to report in respect of the following
matters in relation to which ISAs (UK) require us to report to
you when:
the directors’ use of the going concern basis of
accounting in the preparation of the financial statements
is not appropriate; or
the directors have not disclosed in the financial
statements any identified material uncertainties that
may cast significant doubt about the Group’s ability to
continue to adopt the going concern basis of accounting
for a period of at least twelve months from the date
when the financial statements are authorised for issue.
However, because not all future events or conditions can
be predicted, this statement is not a g