Notes to the financial statements (continued)
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii. For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
iv. Company dissolved 9 April 2024.
v. Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii. For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
iv. Company dissolved 9 April 2024.
v. Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii.
For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
Company dissolved 9 April 2024.
Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii. For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
iv. Company dissolved 9 April 2024.
v. Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii. For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
iv. Company dissolved 9 April 2024.
v. Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii. For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
iv. Company dissolved 9 April 2024.
v. Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
Annual Report and Accounts 2024
Notes to the financial statements
(continued)
33. Investments in Group undertakings (continued)
Subsidiary undertakings
The interests of the Society in its subsidiary undertakings as at 4 April 2024 are set out below:
Derbyshire Home Loans Limited
Confederation Mortgage Services Limited
E-Mex Home Funding Limited
The Mortgage Works (UK) plc
UCB Home Loans Corporation Limited
Jubilee Mortgages Limited
Monument (Sutton) Limited
Nationwide Home Loans Limited
Dunfermline BS Nominees Limited
NI1 Limited (formerly Nationwide International Limited)
Home Propositions Limited
Nationwide (Isle of Man) Limited
Nationwide Housing Trust Limited
Nationwide Syndications Limited
The Derbyshire (Premises) Limited
NBS Ventures Management Limited
Piper Javelin No 1 Limited
Piper Javelin Holding Company Limited
Notes:
ii. Audited accounts are prepared for regulated entities.
iii. For these companies, the Group has adopted the audit exemption for the year ended 4 April 2024 under Section 479A of the Companies Act 2006. The Society guarantees all outstanding liabilities of the
exempted subsidiary undertakings.
iv. Company dissolved 9 April 2024.
v. Company dissolved 16 April 2024.
The Society directly or indirectly holds 100% of the ordinary share capital for each subsidiary undertaking. All of the subsidiary undertakings are limited liability companies, with the
exception of FN1 which is an unlimited company.
The registered office for all subsidiary undertakings, other than those listed in the table below, is Nationwide House, Pipers Way, Swindon, SN38 1NW.
Dunfermline BS Nominees Limited
Caledonia House, Carnegie Avenue, Dunfermline, KY11 8PJ
Nationwide (Isle of Man) Limited
Atlantic House, Circular Road, Douglas, Isle of Man, IM1 1AG
There are no significant restrictions on any of the Society’s subsidiaries in paying dividends or repaying loans, subject to their financial and operating performance and availability of
distributable reserves.
The Group has no material shares in associates. The Group’s interests in equity shares are included in investment securities as set out in note 13.
Subsidiaries by virtue of control
Details of consolidated and unconsolidated structured entities are set out in note 34.
309
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