Page 60 - Annual Review 2015-2016

Notes to the Financial Statements

Year ended 30 April 2016

11. INVESTMENTS
2016 2015
LLP £’000 £’000
At 1 May 2015 8 8
Additions 415 -
At 30 April 2016 423 8

GROUP INVESTMENTS
The parent LLP and the Group have investments in the following subsidiary undertakings.

Principle place of Proportion of
Subsidiaries business Nature of business ownership

Direct
Davies Wallis Foyster Ltd* United Kingdom Non trading 100%
DWF Services Ltd United Kingdom Provision of employment services 100%

Resolution Law Ltd* United Kingdom Dormant 100%
DWF Pension Trustees Ltd United Kingdom Provision of pension trustee services 100%
Davies Wallis (unlimited)* United Kingdom Dormant 100%
DWF Directors (Scotland) Ltd* United Kingdom Dormant 100%
DWF Solicitors Ltd* United Kingdom Dormant 100%
DWF Secretarial Services (Scotland) Ltd* United Kingdom Dormant 100%
Bailford Trustees Ltd* United Kingdom Dormant 100%
Bailford EBT Trustees Ltd* United Kingdom Dormant 100%
DWF (Nominees) 2013 Ltd* United Kingdom Dormant 100%

DWF (Trustee) Ltd* United Kingdom Dormant 100%
DWF Trustee (Scotland) Ltd* United Kingdom Dormant 100%
DWF Germany Holding GbR**/*** Germany Law services 100%
DWF (Dublin)*** Ireland Law services 100%
DWF (Middle East) LLP*** UAE Law services 100%

Indirect
DWF Secretarial Services Ltd* United Kingdom Dormant 100%

DWF Nominees Ltd* United Kingdom Dormant 100%
15Squared Ltd United Kingdom Software provider 100%
DWF Middle East Group LLP* United Kingdom Dormant 100%

* Subsidiary undertakings have been excluded from the consolidation on the basis of immateriality.

** The statutory year end for DWF Germany Holding GbR in the period being reported is 31 December.
*** These entities are related entities of DWF LLP since the majority of its Members are also Members of DWF LLP. In substance it is controlled
by DWF LLP and so its results are included in the consolidation.