CGA Nielsen (Global) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09152754 (England and Wales)

Financial Statements

for the Year Ended 31 December 2019

for

CGA NIELSEN (GLOBAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

A J Giles

D S Walsh

Secretary:

A J Giles

Registered office:

Waterloo Place

Watson Square

Stockport

Cheshire

SK1 3AZ

Registered number:

09152754 (England and Wales)

Auditors:

Haines Watts Manchester Limited, Statutory Auditor

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

257

746

Current assets

Debtors

6

1,158,321

1,025,234

Cash at bank

1,268,353

465,203

2,426,674

1,490,437

Creditors

Amounts falling due within one year

7

970,737

556,605

Net current assets

1,455,937

933,832

Total assets less current liabilities

1,456,194

934,578

Capital and reserves

Called up share capital

8

5,535,670

5,535,670

Retained earnings

(4,079,476

)

(4,601,092

)

Shareholders' funds

1,456,194

934,578

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2020 and were signed on its behalf by:

D S Walsh - Director

1.	Statutory information

CGA Nielsen (Global) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The

Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section

1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have reviewed and

considered relevant information, including the annual budget and future cashflows in undertaking their going

concern review. In particular, in response to the COVID-19 pandemic, the directors have considered the impact

on the business of possible scenarios as a result of COVID-19, alongside the measures that they have taken to

date and can take in the future to mitigate the impact. Based on these assessments, given the current working

capital available to the company, the directors have concluded that they can continue to adopt the going

concern basis in preparing annual reports and accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful

lives, using the straight line method.

Depreciation is provided on the following basis:

Computer equipment - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised in the statement of comprehensive income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currency translation

Functional and presentational currency

The company's functional and presentational currency is GBP. All amounts in these financial statements have

been rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using spot exchange rates at the dates

of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items

measured at historical cost are translated using the exchange rate at the date of the transaction and

non-monetary items measured at fair value are measured using the exchange rate when fair value was

determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at

period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised

in the statement of comprehensive income.

4.	Employees and directors

The average number of employees during the year was NIL (2018 - NIL).

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2019

and 31 December 2019

3,554

Depreciation

At 1 January 2019

2,808

Charge for year

489

At 31 December 2019

3,297

Net book value

At 31 December 2019

257

At 31 December 2018

746

6.

Debtors: amounts falling due within one year

2019

2018

as restated

£

£

Trade debtors

644,985

400,268

Amounts owed by associates

167,013

293,447

Other debtors

346,323

331,519

1,158,321

1,025,234

7.

Creditors: amounts falling due within one year

2019

2018

as restated

£

£

Trade creditors

19,260

21,738

Amounts owed to group undertakings

783,878

397,750

Corporation tax

1,158

441

Social security and other taxes

-

30,000

Accruals and deferred income

166,441

106,676

970,737

556,605

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

as restated

£

£

5,258,887

Ordinary A

1

5,258,887

5,258,887

276,783

Ordinary B

1

276,783

276,783

5,535,670

5,535,670

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)

for and on behalf of Haines Watts Manchester Limited, Statutory Auditor

10.	Related party disclosures

2019

Sales

Purchases

Amounts owed by

Amounts owed to

£

£

£

£

CGA Nielsen Global LLC

1,032

520,021

-

42,784

CGA Strategy Limited

19,276

1,837,768

-

742,013

The Nielsen Corporation

215,352

-

78,587

-

Nielsen Services France SAS

400,179

-

88,160

-

2018 as restated

Sales

Purchases

Amounts owed by

Amounts owed to

£

£

£

£

CGA Nielsen Global LLC

316,912

323,979

352,077

359,929

CGA Strategy Limited

10,000

1,525,807

-

389,898

The Nielsen Corporation

350,624

-

185,737

-

Nielsen Services France SAS

410,749

-

107,710

-

CGA Strategy Limited is a fellow subsidiary undertaking of Mondiale Hospitality Holdings LLP.

The remaining related parties are related by virtue of common directorship.