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REGISTERED NUMBER: 11138560 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

Benefit4me Holdings Limited

Benefit4me Holdings Limited (Registered number: 11138560)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benefit4me Holdings Limited

Company Information
for the Year Ended 31 December 2021







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 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,707,317 7,739,130
Tangible assets 5 1,283 9,946
Investments 6 4,186,865 4,023,794
11,895,465 11,772,870

CURRENT ASSETS
Debtors 7 44,811,793 39,135,293
Cash at bank 68,650 11,818
44,880,443 39,147,111
CREDITORS
Amounts falling due within one year 8 53,368,826 44,042,763
NET CURRENT LIABILITIES (8,488,383 ) (4,895,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,407,082

6,877,218

CREDITORS
Amounts falling due after more than one
year

9

30,219,429

31,465,990
NET LIABILITIES (26,812,347 ) (24,588,772 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 88,722 88,722
Retained earnings (26,901,169 ) (24,677,594 )
(26,812,347 ) (24,588,772 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 2021


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 2021

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.

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 2 (2020 - 3 ) .

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 7,822,476
AMORTISATION
At 1 January 2021 83,346
Charge for year 31,813
At 31 December 2021 115,159
NET BOOK VALUE
At 31 December 2021 7,707,317
At 31 December 2020 7,739,130

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 29,315
DEPRECIATION
At 1 January 2021 19,369
Charge for year 8,663
At 31 December 2021 28,032
NET BOOK VALUE
At 31 December 2021 1,283
At 31 December 2020 9,946

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2021 6,448,122 2,616,934 9,065,056
Additions - 163,072 163,072
At 31 December 2021 6,448,122 2,780,006 9,228,128
PROVISIONS
At 1 January 2021 5,041,262 - 5,041,262

Eliminated on disposal 1 - 1
At 31 December 2021 5,041,263 - 5,041,263
NET BOOK VALUE
At 31 December 2021 1,406,859 2,780,006 4,186,865
At 31 December 2020 1,406,860 2,616,934 4,023,794

7. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 1,882,868 6,009
Amounts owed by group undertakings 19,635,781 12,159,167
Amounts owed by participating interests 161,006 64,253
Other debtors 211 189,701
21,679,866 12,419,130

Amounts falling due after more than one year:
Amounts owed by group undertakings 23,131,927 26,716,163

Aggregate amounts 44,811,793 39,135,293

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 512,438 566,340
Amounts owed to group undertakings 4,752,852 38,663
Amounts owed to participating interests 42,427,956 35,704,027
Taxation and social security 18,341 -
Other creditors 5,657,239 7,733,733
53,368,826 44,042,763

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Amounts owed to participating interests 25,740,352 26,986,913
Other creditors 4,479,077 4,479,077
30,219,429 31,465,990