Financial Statements
(m) Contingent liabilities, capital commitments, related party transactions and post balance sheet events
At 31 March 2006, the Company had no contingent liabilities for guarantees to third parties (2005: £nil). The Company also had no capital commitments (2005: £nil).
The Company has used the exemption under FRS 8 where disclosure is not required of transactions with fellow subsidiary undertakings 90% or more of whose voting rights are controlled within the Group.
Related party transactions are the same for the Company as for the Group. For details refer to note 25 of the consolidated financial statements.