RD11720 Equine BusinessThis is an assignment for a case study that we’re currently studying

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RD11720 Equine BusinessThis is an assignment for a case study that we’re currently studying. I really struggle to understand business and so would really appreciate your help.
 REPORT TO THE BOARD OF DIRECTORS ON: THE-RREP aa
EQ E UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PONDE ROSeaed
UINE SERVICES LIMITED FOR THE YEAR ENDED 31 DECEMBER 2018°>* “agg
fr order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the:
nancial statements of Ponderosa EC Equine Services Limited for the year ended 31 December 2019 set out or
pages 3 to 4 from the company's accounting records and from information and explanations you have given us.
As a practicing member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at http:/Awww.icaew.com/en/
members/regulations-standards-and-guidance/
This report is made solely to the board of directors of Ponderosa EC Equine Services Limited, as a body, in
accordance with the terms of our engagement letter dated 8 July 2019. Our work has been undertaken solely to
prepare for your approval the financial statements of Ponderosa EC Equine Services Limited and state those matters
that we have agreed to state to the board of directors of Ponderosa EC Equine Services Limited, as a body, in this
report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than Ponderosa EC Equine Services Limited and its board of
directors as a body, for our work or for this report.
itis your duty to ensure that Ponderosa EC Equine Services 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
profit of Ponderosa EC Equine Services Limited. You consider that Ponderosa EC Equine Services 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 Trading Days 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.