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Financial Statements |
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for the Year Ended 31 December 2021 |
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for |
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CGA NIELSEN (GLOBAL) LIMITED |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 December 2021 |
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for |
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CGA NIELSEN (GLOBAL) LIMITED |
CGA NIELSEN (GLOBAL) LIMITED (REGISTERED NUMBER: 09152754) |
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Contents of the Financial Statements |
for the year ended 31 December 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CGA NIELSEN (GLOBAL) LIMITED |
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Company Information |
for the year ended 31 December 2021 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Auditors: |
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Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
CGA NIELSEN (GLOBAL) LIMITED (REGISTERED NUMBER: 09152754) |
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Balance Sheet |
31 December 2021 |
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2021 | 2020 |
Notes | £ | £ |
Current assets |
Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings | ( |
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Shareholders' funds |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CGA NIELSEN (GLOBAL) LIMITED (REGISTERED NUMBER: 09152754) |
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Notes to the Financial Statements |
for the year ended 31 December 2021 |
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1. | Statutory information |
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CGA Nielsen (Global) Limited is a
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2. | Statement of compliance |
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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. |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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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. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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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. |
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Depreciation is provided on the following basis: |
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Computer equipment - 33% straight line |
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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. |
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Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
CGA NIELSEN (GLOBAL) LIMITED (REGISTERED NUMBER: 09152754) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2021 |
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3. | Accounting policies - continued |
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Foreign currency translation |
Functional and presentational currency |
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The company's functional and presentational currency is GBP. All amounts in these financial statements have been rounded to the nearest £1. |
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Transactions and balances |
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Foreign currency transactions are translated into the functional currency using spot exchange rates at the dates of the transactions. |
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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. |
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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. |
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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. |
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4. | Employees and directors |
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The average number of employees during the year was NIL (2020 - NIL). |
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5. | Tangible fixed assets |
Computer |
equipment |
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Cost |
At 1 January 2021 |
and 31 December 2021 |
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Depreciation |
At 1 January 2021 |
and 31 December 2021 |
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Net book value |
At 31 December 2021 |
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At 31 December 2020 |
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6. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by associates |
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Other debtors |
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CGA NIELSEN (GLOBAL) LIMITED (REGISTERED NUMBER: 09152754) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2021 |
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7. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax |
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Accruals and deferred income |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 5,535,670 | 5,535,670 |
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9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | Related party disclosures |
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During the year there were sales of £58,761 (2020 - £45,902), purchases of £2,157,384 (2020 - £2,512,676) and other income of £56,839 (2020 - £NIL) with companies under common control. At the year end there were amounts owed to companies under common control of £125,798 (2020 - £63,800 owed by) and accrued income of £56,839 (2020 - £NIL). |
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During the year there were sales of £126,386 (2020 - £478,704) and purchases of £NIL (2020 - £77,575) with associated group companies. At the year end there were amounts owed by associated group companies of £28,154 (2020 - £38,989). |
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11. | Ultimate controlling party |
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The immediate parent undertaking of the company is CGA Strategy Limited, incorporated in England and Wales. The registered office of CPL Strategy Limited is Waterloo Place, Watson Square, Stockport, England, SK1 3AZ. |
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The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is Mondiale Hospitality Holdings LLP. Consolidated accounts are available from their registered office at Waterloo Place, Watson Square, Stockport, Cheshire, SK1 3AZ. |
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Mondiale Hospitality Holdings LLP is ultimately controlled by D S Walsh. |