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REGISTERED NUMBER: 11138560 (England and Wales)















Financial Statements for the Year Ended 31 December 2020

for

Benefit4me Holdings Limited

Benefit4me Holdings Limited (Registered number: 11138560)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Benefit4me Holdings Limited

Company Information
for the Year Ended 31 December 2020







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 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,739,130 7,770,943
Tangible assets 5 9,946 19,393
Investments 6 4,023,794 3,807,256
11,772,870 11,597,592

CURRENT ASSETS
Debtors 7 39,135,293 47,828,712
Cash at bank 11,818 10,477
39,147,111 47,839,189
CREDITORS
Amounts falling due within one year 8 44,042,763 42,527,263
NET CURRENT (LIABILITIES)/ASSETS (4,895,652 ) 5,311,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,877,218

16,909,518

CREDITORS
Amounts falling due after more than one
year

9

31,465,990

29,542,615
NET LIABILITIES (24,588,772 ) (12,633,097 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 88,722 88,722
Retained earnings (24,677,594 ) (12,721,919 )
(24,588,772 ) (12,633,097 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 2020


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 2020

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 3 (2019 - NIL ) .

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2020
and 31 December 2020 7,822,476
AMORTISATION
At 1 January 2020 51,533
Charge for year 31,813
At 31 December 2020 83,346
NET BOOK VALUE
At 31 December 2020 7,739,130
At 31 December 2019 7,770,943

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020
and 31 December 2020 29,315
DEPRECIATION
At 1 January 2020 9,922
Charge for year 9,447
At 31 December 2020 19,369
NET BOOK VALUE
At 31 December 2020 9,946
At 31 December 2019 19,393

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2020 6,127,049 2,393,464 8,520,513
Additions 321,073 234,431 555,504
Disposals - (10,961 ) (10,961 )
At 31 December 2020 6,448,122 2,616,934 9,065,056
PROVISIONS
At 1 January 2020 4,713,257 - 4,713,257

Eliminated on disposal 328,005 - 328,005
At 31 December 2020 5,041,262 - 5,041,262
NET BOOK VALUE
At 31 December 2020 1,406,860 2,616,934 4,023,794
At 31 December 2019 1,413,792 2,393,464 3,807,256

7. DEBTORS
31.12.20 31.12.19
£    £   
Amounts falling due within one year:
Trade debtors 6,009 -
Amounts owed by group undertakings 12,159,167 20,140,698
Amounts owed by participating interests 64,253 438,817
Other debtors 189,701 403,445
12,419,130 20,982,960

Amounts falling due after more than one year:
Amounts owed by group undertakings 26,716,163 26,845,752

Aggregate amounts 39,135,293 47,828,712

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts - 1,372
Trade creditors 566,340 390,936
Amounts owed to group undertakings 38,663 7,051,991
Amounts owed to participating interests 35,704,027 31,788,914
Other creditors 7,733,733 3,294,050
44,042,763 42,527,263

Benefit4me Holdings Limited (Registered number: 11138560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.20 31.12.19
£    £   
Amounts owed to participating interests 26,986,913 25,063,538
Other creditors 4,479,077 4,479,077
31,465,990 29,542,615