CGA Nielsen (Global) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09152754 (England and Wales)

Financial Statements

for the Year Ended 31 December 2022

for

CGA NIELSEN (GLOBAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

P Pathak

L A Traynor

R White

Secretary:

Cosec Services Limited

Registered office:

Nielsen House

John Smith Drive

Oxford

Oxfordshire

OX4 2WB

Registered number:

09152754 (England and Wales)

Auditors:

Haines Watts, Statutory Auditor

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Current assets

Debtors

6

2,343,382

1,423,122

Cash at bank

-

2,319,920

2,343,382

3,743,042

Creditors

Amounts falling due within one year

7

-

355,824

Net current assets

2,343,382

3,387,218

Total assets less current liabilities

2,343,382

3,387,218

Capital and reserves

Called up share capital

1

5,535,670

Retained earnings

2,343,381

(2,148,452

)

Shareholders' funds

2,343,382

3,387,218

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 21 December 2023 and were signed on its behalf by:

P Pathak - 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 immediate parent entity, CGA Strategy Limited, was acquired by A.C. Nielsen Company Limited on 31 May 2022. On 31 October 2022 the trade and assets of this company were hived up into CGA Strategy Limited and since that date the company has not traded. Accordingly these accounts are not drawn up on a going concern basis.

The following principal accounting policies have been applied:

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	Employees and directors

The average number of employees during the year was NIL (2021 - NIL).

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2022

3,554

Reclassification/transfer

(3,554

)

At 31 December 2022

-

Depreciation

At 1 January 2022

3,554

Reclassification/transfer

(3,554

)

At 31 December 2022

-

Net book value

At 31 December 2022

-

At 31 December 2021

-

Fixed asset reclassifications/transfers relate to items transferred to the immediate parent company, CGA Strategy Limited, as part of the hive up disclosed in the Basis of Preparation note.

6.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

-

984,250

Amounts owed by group undertakings

2,343,382

-

Amounts owed by associates

-

29,158

Other debtors

-

409,714

2,343,382

1,423,122

7.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

-

51,091

Amounts owed to group undertakings

-

125,844

Accruals and deferred income

-

178,889

-

355,824

8.	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, Statutory Auditor

9.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	Ultimate controlling party

The immediate parent undertaking of the company is CGA Strategy Limited, incorporated in England and Wales. The registered office of CGA Strategy Limited is Nielsen House, John Smith Drive, Oxford, Oxfordshire, England, OX4 2WB.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is A.C. Nielsen Company Limited. Consolidated accounts are available from their registered office at Nielsen House, John Smith Drive, Oxford, Oxfordshire, England, OX4 2WB.

The ultimate controlling parent company is AI PAVE & Cy SCSp.