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Land Securities
Annual Report 2008

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Directors' statements of responsibilities

Directors’ statements of responsibilities in respect of the Annual Report, the Directors’ remuneration report and the financial statements

The Directors are responsible for preparing the Annual Report, the Directors’ remuneration report and the financial statements in accordance with applicable law and regulations.

The Directors are required by company law to prepare financial statements for each financial year. Under that law the Directors have prepared the Group and Parent Company financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union. The financial statements are required by law to give a true and fair view of the state of affairs of the Company and of the Group as at the end of the financial year and of their profit or loss for that period.

In preparing those financial statements, the Directors are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; and state that the financial statements comply with IFRS as adopted by the European Union.

It is also the responsibility of the Directors to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company and the Group will continue in business in which case there should be supporting assumptions or qualifi cations as necessary.

The Directors confirm that they have complied with the above requirements in preparing the financial statements.

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements and the Directors’ remuneration report comply with the Companies Act 1985 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and of the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the Land Securities Group PLC website, and legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

  • By order of the Board
  • P M Dudgeon
  • Secretary
  • 13 May 2008