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REGISTERED NUMBER: 11138560 (England and Wales)















Financial Statements for the Period 8 January 2018 to 31 December 2018

for

Benefit4me Holdings Limited

Benefit4me Holdings Limited (Registered number: 11138560)






Contents of the Financial Statements
for the Period 8 January 2018 to 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benefit4me Holdings Limited

Company Information
for the Period 8 January 2018 to 31 December 2018







DIRECTORS: B D Hunt
Mr K Suppan-Eibinger
M Urban
D H Kollmann





REGISTERED OFFICE: Wework, 3 Waterhouse Square
138-142 Holborn
London
EC1N 2SW





REGISTERED NUMBER: 11138560 (England and Wales)





ACCOUNTANTS: Price & Accountants Ltd
WeWork
3 Waterhouse Square
138 - 142 Holborn
London
EC1N 2SW

Benefit4me Holdings Limited (Registered number: 11138560)

Balance Sheet
31 December 2018

Notes £    £   
FIXED ASSETS
Intangible assets 4 139,835
Tangible assets 5 22,802
Investments 6 2,742,439
2,905,076

CURRENT ASSETS
Debtors 7 18,517,951
Cash at bank 450,184
18,968,135
CREDITORS
Amounts falling due within one year 8 836,154
NET CURRENT ASSETS 18,131,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,037,057

CREDITORS
Amounts falling due after more than one
year

9

22,535,522
NET LIABILITIES (1,498,465 )

CAPITAL AND RESERVES
Called up share capital 100
Share premium 88,722
Retained earnings (1,587,287 )
(1,498,465 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Benefit4me Holdings Limited (Registered number: 11138560)

Balance Sheet - continued
31 December 2018


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





D H Kollmann - Director


Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements
for the Period 8 January 2018 to 31 December 2018

1. STATUTORY INFORMATION

Benefit4me Holdings 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 159,555
At 31 December 2018 159,555
AMORTISATION
Charge for period 19,720
At 31 December 2018 19,720
NET BOOK VALUE
At 31 December 2018 139,835

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Period 8 January 2018 to 31 December 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 23,627
At 31 December 2018 23,627
DEPRECIATION
Charge for period 825
At 31 December 2018 825
NET BOOK VALUE
At 31 December 2018 22,802

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
Additions 5,041,947 2,383,061 7,425,008
At 31 December 2018 5,041,947 2,383,061 7,425,008
PROVISIONS

Eliminated on disposal 4,682,569 - 4,682,569
At 31 December 2018 4,682,569 - 4,682,569
NET BOOK VALUE
At 31 December 2018 359,378 2,383,061 2,742,439

7. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 440
Amounts owed by group undertakings 9,168,101
Other debtors 100
9,168,641

Amounts falling due after more than one year:
Amounts owed by group undertakings 9,349,310

Aggregate amounts 18,517,951

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Period 8 January 2018 to 31 December 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 485
Trade creditors 38,272
Amounts owed to group undertakings 11,259
Amounts owed to participating interests 30,684
Taxation and social security 3,285
Other creditors 752,169
836,154

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to participating interests 11,735,541
Other creditors 10,799,981
22,535,522

10. POST BALANCE SHEET EVENTS

At the time of signing these accounts, the directors have considered the going concern position and indicate that the company is less likely to trade after 12 months from the date of signing these accounts. The company may go into liquidation.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hubert Freidl.