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REGISTERED NUMBER: 11138560 (England and Wales)















Financial Statements for the Year Ended 31 December 2019

for

Benefit4me Holdings Limited

Benefit4me Holdings Limited (Registered number: 11138560)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benefit4me Holdings Limited

Company Information
for the Year Ended 31 December 2019







DIRECTOR: 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 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,770,943 139,835
Tangible assets 5 19,393 22,802
Investments 6 3,807,256 2,742,439
11,597,592 2,905,076

CURRENT ASSETS
Debtors 7 47,828,712 18,517,951
Cash at bank 10,477 450,184
47,839,189 18,968,135
CREDITORS
Amounts falling due within one year 8 42,527,263 836,154
NET CURRENT ASSETS 5,311,926 18,131,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,909,518

21,037,057

CREDITORS
Amounts falling due after more than one
year

9

29,542,615

22,535,522
NET LIABILITIES (12,633,097 ) (1,498,465 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 88,722 88,722
Retained earnings (12,721,919 ) (1,587,287 )
(12,633,097 ) (1,498,465 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 2019


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 director and authorised for issue on 9 August 2024 and were signed by:





D H Kollmann - Director


Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements
for the Year Ended 31 December 2019

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.

Development costs are being amortised evenly over their estimated useful life of nil 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 year was NIL (2018 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2019 159,555
Additions 7,662,921
At 31 December 2019 7,822,476
AMORTISATION
At 1 January 2019 19,720
Charge for year 31,813
At 31 December 2019 51,533
NET BOOK VALUE
At 31 December 2019 7,770,943
At 31 December 2018 139,835

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019 23,627
Additions 5,688
At 31 December 2019 29,315
DEPRECIATION
At 1 January 2019 825
Charge for year 9,097
At 31 December 2019 9,922
NET BOOK VALUE
At 31 December 2019 19,393
At 31 December 2018 22,802

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2019 5,041,947 2,383,061 7,425,008
Additions 1,085,102 10,403 1,095,505
At 31 December 2019 6,127,049 2,393,464 8,520,513
PROVISIONS
At 1 January 2019 4,682,569 - 4,682,569

Eliminated on disposal 30,688 - 30,688
At 31 December 2019 4,713,257 - 4,713,257
NET BOOK VALUE
At 31 December 2019 1,413,792 2,393,464 3,807,256
At 31 December 2018 359,378 2,383,061 2,742,439

7. DEBTORS
31.12.19 31.12.18
£    £   
Amounts falling due within one year:
Trade debtors - 440
Amounts owed by group undertakings 20,140,698 9,168,101
Amounts owed by participating interests 438,817 -
Other debtors 403,445 100
20,982,960 9,168,641

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

7. DEBTORS - continued
31.12.19 31.12.18
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 26,845,752 9,349,310

Aggregate amounts 47,828,712 18,517,951

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Bank loans and overdrafts 1,372 485
Trade creditors 390,936 38,272
Amounts owed to group undertakings 7,051,991 11,259
Amounts owed to participating interests 31,788,914 30,684
Taxation and social security - 3,285
Other creditors 3,294,050 752,169
42,527,263 836,154

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.19 31.12.18
£    £   
Amounts owed to participating interests 25,063,538 11,735,541
Other creditors 4,479,077 10,799,981
29,542,615 22,535,522