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Registration number: 04336279

Nielsen Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Nielsen Investments Limited

Contents

Company Information

1

Director's Report

2

Income Statement

3

Statement of Comprehensive Income

4

Statement of Financial Position

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

Detailed Income Statement

11 to 12

 

Nielsen Investments Limited

Company Information

Director

Sarah Lynn Hulme

Company secretary

Thornton Secretarial Services Limited

Registered office

2nd Floor Unicorn House
Station Close, Potters Bar
Hertfordshire
London
EN6 1TL

 

Nielsen Investments Limited

Director's Report for the Year Ended 31 December 2022

The director presents his report and the financial statements for the year ended 31 December 2022.

Director of the company

The director who held office during the year was as follows:

Sarah Lynn Hulme

Principal activity

The principal activity of the company is that of an investment holding.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 October 2023
 

.........................................
Thornton Secretarial Services Limited
Company secretary

 

Nielsen Investments Limited

Income Statement for the Year Ended 31 December 2022

Note

2022

2021

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(1,988)

(995)

Operating loss

 

(1,988)

(995)

Loss before tax

(1,988)

(995)

Loss for the financial year

 

(1,988)

(995)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Nielsen Investments Limited

Statement of Comprehensive Income for the Year Ended 31 December 2022

2022

2021

Loss for the year

(1,988)

(995)

Total comprehensive income for the year

(1,988)

(995)

 

Nielsen Investments Limited

(Registration number: 04336279)
Statement of Financial Position as at 31 December 2022

Note

2022

2021

Fixed assets

 

Investments

4

1,700,906

1,670,906

Current assets

 

Cash at bank and in hand

 

24

335

Creditors: Amounts falling due within one year

5

(1,827,068)

(1,795,391)

Net current liabilities

 

(1,827,044)

(1,795,056)

Net liabilities

 

(126,138)

(124,150)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(126,139)

(124,151)

Shareholders' deficit

 

(126,138)

(124,150)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 October 2023
 

.........................................
Sarah Lynn Hulme
Director

 

Nielsen Investments Limited

Statement of Changes in Equity for the Year Ended 31 December 2022

Share capital

Retained earnings

Total

At 1 January 2022

1

(124,151)

(124,150)

Loss for the year

-

(1,988)

(1,988)

At 31 December 2022

1

(126,139)

(126,138)

Share capital

Retained earnings

Total

At 1 January 2021

1

(123,156)

(123,155)

Loss for the year

-

(995)

(995)

At 31 December 2021

1

(124,151)

(124,150)

 

Nielsen Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and wales.

The address of its registered office is:
2nd Floor Unicorn House
Station Close, Potters Bar
Hertfordshire
London
EN6 1TL

These financial statements were authorised for issue by the director on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Nielsen Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2021 - 0).

4

Investments

2022

2021

Investments in subsidiaries

1,700,906

1,670,906

Subsidiaries

Cost or valuation

At 1 January 2022

1,670,906

Additions

30,000

At 31 December 2022

1,700,906

Provision

Carrying amount

At 31 December 2022

1,700,906

At 31 December 2021

1,670,906

 

Nielsen Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2021

Subsidiary undertakings

Veneto Building srl

Italy

Ordinary

80%

80%

Subsidiary undertakings

Veneto Building srl

The principal activity of Veneto Building srl is purchase, sale, lease and the management of the land and buildings.

5

Creditors

Creditors: amounts falling due within one year

2022

2021

Due within one year

Accruals and deferred income

678

715

Other creditors

1,826,390

1,794,676

1,827,068

1,795,391

 

Nielsen Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

6

Related party transactions

Summary of transactions with other related parties

Included in other creditors is an interest-free unsecured loan of €1,826,391 (2019: €1,794,008) due to shareholders, repayment date of which is unspecified.
 

 

Nielsen Investments Limited

Detailed Income Statement for the Year Ended 31 December 2022

2022
 €

2021
 €

turnover (analysed below)

-

-

Administrative expenses

General administrative expenses (analysed below)

(1,650)

(715)

Finance charges (analysed below)

(338)

(280)

(1,988)

(995)

Operating loss

(1,988)

(995)

Loss before tax

(1,988)

(995)

 

Nielsen Investments Limited

Detailed Income Statement for the Year Ended 31 December 2022

2022

2021

   

General administrative expenses

Accountancy fees

(1,650)

(715)

   

Finance charges

Bank charges

(338)

(280)