Odhams Press Ltd v Cook The appellant company had a number of wholly controlled subsidiaries for which it did printing work. One of these companies, CF Ltd, during the year 1933–34 made a loss upon its trading operations of £2,927. The charge for printing during that year was £10,118, and the appellant company wrote off £2,927 from that sum and contended that that sum of £2,927 was a proper deduction against profits.