SURREY_&_COUNTIES_PROPERT - Accounts

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Surrey & Counties Property Investment Co Limited for the year ended 31 March 2014 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Surrey & Counties Property Investment Co Limited, as a body, in accordance with the terms of our engagement letter dated 19 October 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Surrey & Counties Property Investment Co Limited and state those matters that we have agreed to state to the Board of Directors of Surrey & Counties Property Investment Co Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Surrey & Counties Property Investment Co Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Surrey & Counties Property Investment Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Surrey & Counties Property Investment Co Limited. You consider that Surrey & Counties Property Investment Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Surrey & Counties Property Investment Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The financial statements have been prepared on a going concern basis.

The director considers the going concern basis to be appropriate because in his opinion, the company will continue to obtain sufficient funding to enable it to pay its debts as they fall due and also will receive continuing support from the creditors and director. The financial statements do not include any adjustments that would result from discontinuance of this financial support. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

The company's ultimate parent undertaking is Kingston Estates Limited and its ultimate controlling party is J Hickman.