The ordinary share capital of PP Ltd (a trading company) is owned 32% by QQ Ltd, 35%

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The ordinary share capital of PP Ltd (a trading company) is owned 32% by QQ Ltd, 35% by RR Ltd, 23% by SS Ltd. The remaining 10% is owned by various individuals, none of whom own more than 1%. All companies are UK resident and prepare accounts to 31 July. Results for the year to 31 July 2017 are as follows:

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