You are on page 1of 29

REASONABLE ASSURANCE REPORT ON CLIENT ASSETS BY THE INDEPENDENT AUDITOR TO THE

FINANCIAL CONDUCT AUTHORITY IN RESPECT OF SUN GLOBAL INVESTMENTS LTD, FIRM
REFERENCE NUMBER 474277
We report in respect of Sun Global Investments Ltd ("the firm") on the matters set out below for the period
started 01/01/2014 and ended 31/1212014 ("the period").
Our report has been prepared as required by SUP 3.1 0.4R and is addressed to the Financial Conduct Authority
("the FCA") in its capacity as regulator of financial services firms under the Financial Services and Markets Act
2000.
Basis of opinions

We have carried out such procedures as we considered necessary for the purposes of this report in accordance
with the guidance set out in Bulletin 201112 and Bulletin 3 issued by the Financial Reporting Council.
The opinions relate only to the period, or as at the date, specified. The opinions do not provide assurance in
relation to any future period or date as changes to systems or controls subsequent to the date of this report may
alter the validity of our opinions.
Clean opinions on adequacy of systems during the period
In our opinion, the firm has maintained systems adequate to enable it to comply with the custody rules, mandate
rules and client money rules throughout the period since the last date at which a report was made.
Clean opinion on compliance at period end date
In our opinion, the firm was in compliance with the custody rules, the mandate rules and the client money rules as
at the period end date.
other matters
Our opinion expressed above does not extend to the appended Breaches Schedule.

R ·
akumar Patel Senior Statutory Auditor)
for and on behalf of Ashley King Ltd
Chartered Accountants
Statutory Auditor

191h May 2015

68 St. Margarets Road
Edgware
Middlesex
HA89UU

BREACHES SCHEDULE
Sun Global Investments Ltd, firm reference number 474277, for the period started 01/01/2014 and ended
31/12/2014
In accordance with SUP 3.1 0.9AR, Columns A to D have been completed by and are the responsibility of the
auditor. In accordance with SUP 3.11.1G, Column E has been completed by the firm. The auditor has no
responsibility for the content of Column E.
ColumnA

Column B

Item No.

Rule reference(s)

Column C
ldentifvino partv

Column D

Column E

Breach identified

Firm's comment

NO BREACHES WERE
IDENTIFIED

...

.

.

.

.

.

.

.

. we do not accept or assume responsibility to anyone other than Group the Company and the company's members as a body. If we become aware. the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.5- . Opinion on financial statements In our opinion the financial statements: give a true and fair view of the state of the Group and the Company's affairs as at 31 December 2014 and of tts profrt for the year then ended. Opinion on other matter prescribed by the Companies Act 2006 In our opinion the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the overall presentation of the financial statements.SUN GLOBAL INVESTMENTS LTO INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SUN GLOBAL INVESTMENTS LTO We have audited the financial statements of the Group and the Company financial statements of Sun Global Investments Ltd for the year ended 31 December 2014 set out on pages 7 to 27. or for the opinions we have formed. This report is made solely to the Group and company's members. we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on. Our responsibiltty is to audit and express an opinion on the financial statements in accordance wtth applicable law and International Standards on Auditing (UK and Ireland). in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement. or materially inconsistent with.of any apparent material misstatements or inconsistencies we consider the implications for our report. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed. In addition. for our audit work. Respective responsibilities of directors and auditors As explained more fully in the Directors' Responsibilities Statement set out on pages 4. whether caused by fraud or error. To the fullest extent permitted by law. the knowledge acquired by us in the course of performing the audit. Our audit work has been undertaken so that we might state to the Group and Company's members those matters we are required to state to them in an auditors' report and for no other purpose. the reasonableness of significant accounting estimates made by the directors. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. The financial reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). and have been prepared in accordance with the requirements of the Companies Act 2006. as a body. for this report.

in our opinion: adequate accounting records have not been kept by the group and the company. or returns adequate for our audit have not been received from branches not visited by us.SUN GLOBAL INVESTMENTS LTD INDEPENDENT AUDITORS' REPORT (CONTINUED) TO THE MEMBERS OF SUN GLOBAL INVESTMENTS LTD Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if. Margarets Road Edgware Middlesex HAS 9UU -6- .of Ashley King Ltd behalf Chartered Accountants Statutory Auditor 68 St. or we have not received all the information and explanations we require for our audit. or the group and the company financial statements are not in agreement with the accounting records and certain disclosures of directors' remuneration specified by law are not made. ~J ~· -·~' f:v!::' .