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REGISTERED NUMBER: 11138560 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Benefit4me Holdings Limited

Benefit4me Holdings Limited (Registered number: 11138560)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benefit4me Holdings Limited

Company Information
for the Year Ended 31 December 2023







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 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,662,921 7,675,504
Tangible assets 5 - -
Investments 6 1,406,544 4,186,915
9,069,465 11,862,419

CURRENT ASSETS
Debtors 7 51,532,041 50,470,274
Cash at bank 1,251 234
51,533,292 50,470,508
CREDITORS
Amounts falling due within one year 8 62,208,896 61,157,285
NET CURRENT LIABILITIES (10,675,604 ) (10,686,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,606,139

)

1,175,642

CREDITORS
Amounts falling due after more than one
year

9

31,948,501

31,941,603
NET LIABILITIES (33,554,640 ) (30,765,961 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 88,722 88,722
Retained earnings (33,643,462 ) (30,854,783 )
(33,554,640 ) (30,765,961 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 2023


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 2023

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 7,822,476
AMORTISATION
At 1 January 2023 146,972
Charge for year 12,583
At 31 December 2023 159,555
NET BOOK VALUE
At 31 December 2023 7,662,921
At 31 December 2022 7,675,504

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 29,315
DEPRECIATION
At 1 January 2023
and 31 December 2023 29,315
NET BOOK VALUE
At 31 December 2023 -

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 6,448,172 2,780,006 9,228,178
Additions 1 207,432 207,433
At 31 December 2023 6,448,173 2,987,438 9,435,611
PROVISIONS
At 1 January 2023 5,041,263 - 5,041,263

Eliminated on disposal 366 2,987,438 2,987,804
At 31 December 2023 5,041,629 2,987,438 8,029,067
NET BOOK VALUE
At 31 December 2023 1,406,544 - 1,406,544
At 31 December 2022 1,406,909 2,780,006 4,186,915

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 3,452,955 3,378,484
Amounts owed by group undertakings 21,907,421 21,114,128
Amounts owed by participating interests 160,829 160,721
Other debtors 55,525 37,638
25,576,730 24,690,971

Amounts falling due after more than one year:
Amounts owed by group undertakings 25,955,311 25,779,303

Aggregate amounts 51,532,041 50,470,274

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 445,410 458,438
Amounts owed to group undertakings 19,711,989 27,921,745
Amounts owed to participating interests 37,285,170 28,053,912
Other creditors 4,766,327 4,723,190
62,208,896 61,157,285

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 27,469,424 27,462,526
Other creditors 4,479,077 4,479,077
31,948,501 31,941,603