Statement of Directors' Responsibilities and Remuneration Policy

Appendix 1
Bialto Beach Ltd
Abbreviated Draft Accounts 31 December 2019

Statement Of Directors’ Responsibilities
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable laws and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements
in accordance with International Financial Reporting Standards as adopted by the European Union. In preparing these financial statements, the directors have
also elected to comply with IFRSs, issued by the International Accounting Standards Board (IASB).
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 and loss of the Company for that period. In preparing these financial statements, the directors are required to:
Select suitable accounting policies and apply them consistently
Make judgements and accounting estimates that are reasonable and prudent
State whether applicable IFRS’s as adopted by the European Union and IFRSs issued by IASB have been followed, subject to any material departures disclosed
and explained in the financial statements.
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 the 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.
The directors are responsible for the maintenance and integrity of the Company’s website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.

By order of the Board
Robert Holt, Managing Director 31 December 2019

Directors’ Remuneration Report
Remuneration Policy
The Company’s remuneration policy aims to attract, retain and motivate high caliber and high performing executive directors. It does so by providing the
appropriate incentives to encourage enhanced long-term performance and by rewarding executive directors for their individual contributions to the success of
the Company in a fair, consistent and reasonable manner.
The Company is focused on creating shareholder value and on rewarding high performance with high rewards, but not rewarding failure. The five remuneration
principles set out below have been crafted by the Company to align the interests of executive directors, management and employees with those of shareholders:
1. That rewards should be fair, appropriate and reflective of the Company’s culture and values;
2. That incentives should be strategically aligned with our shareholders;
3. That base pay should be competitive, with decisions being informed by market data;
4. That the total reward cost to the Company should be affordable and sustainable;
5. That employee communications around pay and rewards should be effective and clearly understood.
In determining the practical application of the principles, the Remuneration Committee also take into account all factors which it deems necessary, including
consideration for local practices when recruiting staff internationally.
Remuneration Components
The remuneration policy of the Company has a number of principal components:
Salary and benefits