Marks and Spencer 2015 Annual Report Download - page 127

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125
ANNUAL REPORT AND FINANCIAL STATEMENTS 2015
OUR BUSINESSOUR PERFORMANCE
GOVERNANCEFINANCIAL STATEMENTS
NOTES TO THE COMPANY FINANCIAL STATEMENTS CONTINUED
C6 RELATED PARTY TRANSACTIONS
During the year, the Company has received dividends from Marks and Spencer plc of £282.2m (last year £273.6m) and decreased its loan
from Marks and Spencer plc by £42.3m (last year £45.0m). The outstanding balance was £2,429.5m (last year £2,471.8m) and is non-interest
bearing. There were no other related party transactions.
C7 SUB S IDIARIE S E XE M P T FRO M AUDIT
The following UK subsidiaries will take advantage of the audit exemption set out within Section 479A of the Companies Act 2006 for the year
ended 28 March 2015.
Name Reference
Marks & Spencer (Initial LP) Limited SC315365
Ruby Properties (Hardwick) Limited 04716018
Ruby Properties (Long Eaton) Limited 04716031
Ruby Properties (Thorncli e) Limited 04716110
Ruby Properties (Tunbridge) Limited 04716032
Ruby Properties (Cumbernauld) Limited 04922798
Marks and Spencer 2005 (Brooklands Store) Limited 05502608
Marks and Spencer 2005 (Chester Store) Limited 05502542
Marks and Spencer 2005 (Chester Satellite Store) Limited 05502519
Marks and Spencer 2005 (Fife Road Kingston Store) Limited 05502598
Marks and Spencer 2005 (Glasgow Sauchiehall Store) Limited 05502546
Marks and Spencer 2005 (Hedge End Store) Limited 05502538
Marks and Spencer 2005 (Kensington Store) Limited 05502478
Marks and Spencer 2005 (Kingston-on-Thames Store) Limited 05502520
Marks and Spencer 2005 (Kingston-on-Thames Satellite Store) Limited 05502523
Marks and Spencer 2005 (Parman House Kingston Store) Limited 05502588
Marks and Spencer 2005 (Pudsey Store) Limited 05502544
Marks and Spencer 2005 (Warrington Gemini Store) Limited 05502502
Marks and Spencer Investments 04903061
Simply Food (Property Investments) 05502543
Simply Food (Property Ventures) Limited 02239799
Busyexport Limited 04411320
Marks and Spencer (Property Holdings) Limited 02100781
Marks and Spencer (Property Ventures) Limited 05502513
per una Group Limited 05149488
Amethyst Leasing (Properties) Limited 04246934
Morpheus Europe Limited 08540784
The Company will guarantee the debts and liabilities of the above UK subsidiaries at the balance sheet date of £6.7m in accordance with
Section 479C of the Companies Act 2006. The Company has assessed the probability of loss under the guarantees as remote.