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REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED |
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REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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FOR |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED |
ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2017 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Report of the Independent Auditors | 4 |
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Income Statement | 6 |
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Balance Sheet | 7 |
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Notes to the Financial Statements | 8 |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31st December 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor |
Chartered Accountants |
6/8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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REPORT OF THE DIRECTORS |
for the Year Ended 31st December 2017 |
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The directors present their report with the financial statements of the company for the year ended 31st December 2017. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of the management and administration of the |
communal areas of the property known as Roseberry Court, Great Ayton, Middlesborough, Cleveland |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2017 to the date of this |
report. |
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STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with |
applicable law and regulations. |
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Company law requires the directors to prepare financial statements for each financial year. Under that law the directors |
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting |
Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not |
approve the financial statements unless they are satisfied that they 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: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the |
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and |
enable them to ensure that the financial statements comply with the Companies Act 2006. 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. |
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STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act |
2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have |
taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the |
company's auditors are aware of that information. |
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AUDITORS |
The auditors, Stephenson Nuttall & Co, will be proposed for re-appointment at the forthcoming Annual General |
Meeting. |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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REPORT OF THE DIRECTORS |
for the Year Ended 31st December 2017 |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED |
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Opinion |
We have audited the financial statements of Roseberry Court (Great Ayton) Management Limited (the 'company') for the |
year ended 31st December 2017 which comprise the Income Statement, Balance Sheet and Notes to the Financial |
Statements, including a summary of significant accounting policies. The financial reporting framework that has been |
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom |
Generally Accepted Accounting Practice). |
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In our opinion the financial statements: |
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give a true and fair view of the state of the company's affairs as at 31st December 2017 and of its profit for the year
then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. |
Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the |
financial statements section of our report. We are independent of the company in accordance with the ethical |
requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, |
and the provisions available for small entities, in the circumstances set out in note eleven to the financial statements, and |
we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit |
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
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Conclusions relating to going concern |
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to |
you where: |
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the directors' use of the going concern basis of accounting in the preparation of the financial statements is not
appropriate; or |
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the directors have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the company'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. |
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Other information |
The directors are responsible for the other information. The other information comprises the information in the Report of |
the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
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Our opinion on the financial statements does not cover the other information and we do not express any form of |
assurance conclusion thereon. |
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In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing |
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge |
obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we |
conclude that there is a material misstatement of this other information, we are required to report that fact. We have |
nothing to report in this regard. |
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Opinion on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
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the information given in the Report of the Directors for the financial year for which the financial statements are
prepared is consistent with the financial statements; and |
- | the Report of the Directors has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED |
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Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, |
we have not identified material misstatements in the Report of the Directors. |
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We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you |
if, in our opinion: |
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
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the directors were not entitled to prepare the financial statements in accordance with the small companies regime and
take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
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Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible |
for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such |
internal control as the directors determine necessary to enable the preparation of financial statements that are free from |
material misstatement, whether due to fraud or error. |
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In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a |
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of |
accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic |
alternative but to do so. |
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Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from |
material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. |
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs |
(UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are |
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic |
decisions of users taken on the basis of these financial statements. |
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A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting |
Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
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Use of our report |
This report is made solely to the company's 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 company's members those |
matters we are required to state to them in a Report of the Auditors 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. |
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for and on behalf of
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Statutory Auditor |
Chartered Accountants |
6/8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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INCOME STATEMENT |
for the Year Ended 31st December 2017 |
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31/12/17 | 31/12/16 |
Notes | £ | £ |
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INCOME |
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Service charge expenditure |
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OPERATING PROFIT/(LOSS) |
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Interest receivable and similar income |
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PROFIT/(LOSS) BEFORE TAXATION |
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Tax on profit/(loss) | 3 |
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PROFIT/(LOSS) FOR THE FINANCIAL
YEAR |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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BALANCE SHEET |
31st December 2017 |
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31/12/17 | 31/12/16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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SHAREHOLDERS' FUNDS |
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The financial statements were approved by the Board of Directors on
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2017 |
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1. | STATUTORY INFORMATION |
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Roseberry Court (Great Ayton) Management Limited is a
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England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Income |
During the year, the company received monies from lessees, as agent, relating to service charges and associated |
income, which are held on trust. |
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Presentation of the income statement |
The presentation of the Income Statement on page 6 has been modified from the prescribed format for company |
accounts in order to provide more information to lessees and other parties who may be interested in the |
expenditure incurred in the management of the property. |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
31/12/17 | 31/12/16 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on profit/(loss) |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/17 | 31/12/16 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/17 | 31/12/16 |
£ | £ |
Trade creditors |
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Other creditors |
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ROSEBERRY COURT (GREAT AYTON) MANAGEMENT |
LIMITED (REGISTERED NUMBER: 04523619) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2017 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/17 | 31/12/16 |
value: | £ | £ |
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Ordinary | 1 | 12 | 12 |
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7. | RESERVES |
Retained |
earnings |
£ |
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Profit for the year |
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Transfer from/(to) Service
Charge
Account |
(399 |
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At 31st December 2017 |
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8. | CONTINGENT LIABILITIES |
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The company had no contingent liabilities at 31st December 2017 (2016 - None). |
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9. | CAPITAL COMMITMENTS |
31/12/17 | 31/12/16 |
£ | £ |
Contracted but not provided for in the |
financial statements |
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10. | RELATED PARTY DISCLOSURES |
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The company is a mutual trading company and as such received income in the form of service charge from |
residents, some of whom are directors of the company. Service charges payable by the directors are on the same |
basis as for all the other residents. No other transactions with related parties were undertaken such as are |
required to be disclosed under FRS 102. |
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11. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns |
to the tax authorities and assist with the preparation of the financial statements. |