Notes to the consolidated financial statements for the year ended 31 December 2016 (continued)
26 Financial commitments: Group
At 31 December, the Group had the following future minimum lease payments under non-cancellable operating leases, which fall due as follows: 2016 2015 £’000 £’000 Within one year 8,926 6,595 Within two and five years 12,767 10,615 Over five years 1,101 1,125 22,794 18,335 27 Ultimate parent company and controlling party The immediate and ultimate parent undertaking of the company is Whistl Group Holdings Limited (formerly NNY71 Limited), a company incorporated in England and Wales. The current largest and smallest Group of undertakings for which Group financial statements are drawn up and of which the company is a member is Whistl Group Holdings Limited (formerly NNY 71 Limited). This company’s financial statements are available from the registered office at Meridian House, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1TB.
28 Subsidiaries and related undertakings
The related undertakings whose results or financial performance principally affect the figures shown in the consolidated financial statements are as follows:
Name
Country of
Activity
Proportion of shares held (%)
Immediate direct parent undertaking Whistl Limited (formerly Whistl NN1 Limited)
incorporation
PostNL UK Limited
UK *
Holding company
100
Whistl UK Limited ^
UK *
Trading parent company
100
Post NL UK Limited
– Downstream Access Mail and Parcels Downstream Access Mail and Parcels + Downstream Access Mail and Parcels + Downstream Access Mail and Parcels +
Whistl North Limited ^ Whistl Scotland Limited ^ Whistl South West Limited ^ Whistl Midlands Limited ^ = Whistl London Limited ^
UK * UK * UK * UK * UK *
100 100 100 100 100 100 100
Whistl UK Limited Whistl UK Limited Whistl UK Limited Whistl UK Limited Whistl UK Limited Post NL UK Limited Whistl Marketing Service Group Limited
Dormant
Downstream Access Mail and Parcels +
Whistl Marketing Service Group Limited ^ UK *
Holding company- non trading Trading – Doordrop Media
Whistl (Doordrop Media) Limited ^
UK *
* All the above subsidiaries are included in the consolidation, registered office at Meridian House, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1TB ^ Entities are indirectly held = Entity exempt from audit + On 6th March 2016, the company’s trading subsidiaries, Whistl North Limited, Whistl London Limited, Whistl South West Limited and Whistl Scotland Limited transferred their trading assets and liabilities to Whistl UK Limited at net book value and are now dormant.
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Financials | Whistl Annual Report 2016
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