Notes to the Company financial statements (continued) John Lewis Partnership plc Annual Report and Accounts 2015
168
37 Subsidiary undertakings
This note sets out the principal subsidiaries of the Company, along with the principal activities, country of incorporation and percentage of shares owned of each subsidiary.
The Partnership has a number of subsidiaries which contribute to the overall profitability of the Partnership. The principal subsidiaries are disclosed below. The Company has taken advantage of Section 410(2) of the Companies Act 2006 to list only its principal subsidiary undertakings. A schedule of interests in all subsidiary undertakings is filed with the Annual Return.
Principal subsidiary undertakings as at 31 January 2015 were as follows: Name
Principal activity John Lewis plc
Department store retailing, corporate and shared services
Shareholdings in John Lewis plc are analysed as follows: Class of share
Ordinary shares
5% First Cumulative Preference Stock 7% Cumulative Preference Stock
Subsidiary undertakings of John Lewis plc: Name
Herbert Parkinson Limited JLP Insurance Limited
JLP Scottish Limited Partnership JLP Scottish Partnership
John Lewis Car Finance Limited John Lewis Delivery Limited John Lewis Properties plc Waitrose (Jersey) Limited Waitrose (Guernsey) Limited Waitrose Limited
Principal activity
Weaving and making up Insurance
Investment holding undertaking Investment holding undertaking Car finance
International delivery
Property holding company Food retailing Food retailing Food retailing
Country of Incorporation England & Wales Guernsey Scotland Scotland
England & Wales England & Wales England & Wales Jersey
Guernsey England & Wales
Country of incorporation England & Wales
Percentage shareholdings 100%
Percentage shareholding 100% 83.3% 75.6%
Percentage shareholdings 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
The whole of the ordinary share capital of the subsidiary undertakings of John Lewis plc is held within the Partnership. The list excludes non-trading subsidiary undertakings which have no material effect on the accounts of the Partnership. Except as noted above, all of these subsidiary undertakings operate wholly or mainly in the United Kingdom.
The Partnership has taken advantage of the exemption conferred by regulation 7 of the Partnerships (Accounts) Regulations 2008 and has therefore not appended the accounts of JLP Scottish Partnership and JLP Scottish Limited Partnership to these accounts. Separate accounts for these partnerships are not required to be filed with the Registrar of Companies.
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