Notes to the accounts
Notes to the accounts list18 Related undertakings
The Directors are of the opinion that the number of undertakings in respect of which the Company is required to disclose information under Schedule 5 to the Companies Act 1985 is such that compliance would result in information of excessive length being given.In accordance with section 231 of that Act, information regarding principal subsidiary undertakings and joint ventures is set out. Full information will be annexed to the Company's next annual return.
As permitted by Financial Reporting Standard 8 - Related Party Disclosures - transactions or balances with Group entities that have been eliminated on consolidation are not reported.