Primark Information Services U.K. Limited - Period Ending 2014-12-31

PRIMARK INFORMATION SERVICES U.K. LIMITED - Company Information

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Registration number: 02701093

Primark Information Services U.K. Limited

Report and Accounts

for the Year Ended 31 December 2014

Primark Information Services U.K. Limited
Directors' Report for the Year Ended 31 December 2014

The directors present their report and accounts for the year ended 31 December 2014.

Directors

The directors who held office during the year and up to the date of signing were as follows:

S.N. Corbin

S.L. Jenner

P. Thorn

Approved by the Board on 24 February 2015 and signed on its behalf by:

.........................................
P. Thorn
Director

Registered Office: 2nd Floor, 1 Mark Square , Leonard Street, London, EC2A 4EG.

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Primark Information Services U.K. Limited
(Registration number: 02701093)
Balance Sheet as at 31 December 2014

	Note	2014 £ 000	2013 £ 000
Fixed assets
Investments	2	782,987	782,987
Current assets
Debtors	3	7,108	7,108
Creditors: Amounts falling due within one year	4	(468,250)	(468,250)
Net assets		321,845	321,845
Capital and reserves
Called up share capital	6	3,974	3,974
Share premium account		211,591	211,591
Capital redemption reserve		3,250	3,250
Capital contribution reserve		2,765	2,765
Profit and loss account		100,265	100,265
Shareholders' funds		321,845	321,845

For the year ended 31 December 2014 the Company was entitled to the exemption under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit in accordance with section 476(2) of the Companies Act 2006.

The directors acknowledge their responsibilities for:(a) ensuring the Company keeps accounting records which comply with section 386; and(b) preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year, and of its profit and loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.

Approved and authorised for issue by the Board on 24 February 2015 and signed on its behalf by:

.........................................
P. Thorn
Director

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Primark Information Services U.K. Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention in accordance with applicable UK accounting standards and on a basis consistent with the previous year.

Trading status

The Company has not traded during the year or the previous year, has incurred no liabilities and, consequently, has made neither profit nor loss. None of the directors received any emoluments in respect of their services to the Company.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Investments

Shares in group undertakings and participating interests

		Subsidiary undertakings £ 000
Cost
At 1 January 2014		782,987
At 31 December 2014		782,987
Net book value
At 31 December 2014		782,987
At 31 December 2013		782,987

The directors are of the opinion that the value of the Company’s investments is not less than the value at which it is stated in the balance sheet.

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Primark Information Services U.K. Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued

Details of undertakings

Details of the investments in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Thomson Information & Solutions Limited	5.5% non-participating fixed rate cumulative 'A' preference shares	100%	Holding company
Thomson Information & Solutions Limited	5.5% non-participating fixed rate cumulative 'B' preference shares	100%	Holding company

Debtors

	2014 £ 000	2013 £ 000

Amounts owed by group undertakings	7,108	7,108

4	Creditors: Amounts falling due within one year

	2014 £ 000	2013 £ 000

220% participating preference shares of £0.05 each	3,250	3,250

Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the company:

2014
£ 000

2013
£ 000

5	Creditors: amounts falling due after more than one year

Both classes of preference shares entitle the holder to received cumulative dividends at the coupon rate. Non-participating preference shareholders are entitled to cast as a class 55% of the total votes cast at any General Meeting if no participating preference shares have been issued and 22% of the total votes cast at any General Meeting if any participating preference shares are in issue. Participating preference shareholders are entitled to cast as a class 60% of the total votes cast at any General Meeting.

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Primark Information Services U.K. Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued

	2014 £ 000	2013 £ 000

5.5% non-participating fixed rate preference shares of £1.00 each	465,000	465,000

6	Called up share capital

Allotted, called up and fully paid shares

	2014			2013
		No. 000	£ 000		No. 000	£ 000
Ordinary shares of £1 each		3,974	3,974		3,974	3,974

7	Company status and ultimate parent undertaking

The Company's immediate parent company is Thomson Information & Solutions (Holdings) Limited. Within the meaning of the Companies Act 2006 (“CA2006”), Thomson Investments Limited (“TIL”) is regarded by the Directors of the Company as being the Company’s ultimate parent company and controlling party. Within the meaning of CA2006, Thomson Reuters Corporation (“Thomson Reuters”) is the parent undertaking of the only group of undertakings for which group accounts were drawn up and of which the Company was a member for the period ended 31 December 2014. TIL and Thomson Reuters are incorporated under the laws of the Province of Ontario, Canada.

Copies of the Thomson Reuters annual reports are available from: The Thomson Reuters Building, 30 South Colonnade, Canary Wharf, London, E14 5EP, and online at www.thomsonreuters.com.

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