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REGISTERED NUMBER: 11358567 (England and Wales)















Financial Statements for the Period 1 January 2024 to 30 April 2024

for

Benefit4me Media Limited

Benefit4me Media Limited (Registered number: 11358567)






Contents of the Financial Statements
for the Period 1 January 2024 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Benefit4me Media Limited

Company Information
for the Period 1 January 2024 to 30 April 2024







DIRECTOR: D H Kollmann





REGISTERED OFFICE: C/O Price and Accountants Ltd
Wework
1 Fore Street Avenue
London
EC2Y 9DT





REGISTERED NUMBER: 11358567 (England and Wales)





ACCOUNTANTS: Price & Accountants Ltd
WeWork
1 Fore Street Avenue
London
EC2Y 9DT

Benefit4me Media Limited (Registered number: 11358567)

Balance Sheet
30 April 2024

30.4.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 5 9,490 11,611

CREDITORS
Amounts falling due within one year 6 3,461,523 3,492,262
NET CURRENT LIABILITIES (3,452,033 ) (3,480,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,452,033

)

(3,480,651

)

CREDITORS
Amounts falling due after more than one
year

7

3,072,393

3,102,128
NET LIABILITIES (6,524,426 ) (6,582,779 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,524,526 ) (6,582,879 )
(6,524,426 ) (6,582,779 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 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.

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 25 April 2025 and were signed by:





D H Kollmann - Director


Benefit4me Media Limited (Registered number: 11358567)

Notes to the Financial Statements
for the Period 1 January 2024 to 30 April 2024

1. GENERAL INFORMATION

Benefit4me Media Group Limited is a limited company incorporated and domiciled in
the United Kingdom. The address of the registered office is shown on the company information page.

The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are prepared for the period of 1st January 2024 to 30th April 2024 (2023: year ended 31 December 2023).

Benefit4me Media Limited (Registered number: 11358567)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 30 April 2024

2. ACCOUNTING POLICIES

2.1 Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2 Going concern

The company and wider group were significantly affected by the impact of the worldwide coronavirus pandemic and accordingly the director's of the wider group are reviewing the optimum global structure for the group, which is likely to result in a review of the ongoing activities of entities within the United Kingdom. As a result, the director does not consider the company to be a going concern and has prepared the financial statements on a basis other than going concern. The director has assessed the impact on preparing the financial statements on a basis other than going concern, and has, where appropriate, written down the company’s assets.

2.3 Foreign currency translation
Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange
rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in the profit and loss account within 'other operating income'.

2.4 Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.





2.7 Creditors


Benefit4me Media Limited (Registered number: 11358567)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 30 April 2024
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.8 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 30 April 2024 31,379
PROVISIONS
At 1 January 2024
and 30 April 2024 31,379
NET BOOK VALUE
At 30 April 2024 -
At 31 December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.12.23
£    £   
Amounts owed by group undertakings 9,490 11,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.12.23
£    £   
Bank loans and overdrafts 113 1,537
Amounts owed to group undertakings 3,456,963 3,438,796
Other creditors 4,447 51,929
3,461,523 3,492,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 31.12.23
£    £   
Amounts owed to group undertakings 3,072,393 3,102,128

Benefit4me Media Limited (Registered number: 11358567)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 30 April 2024

8. CONTROLLING PARTY

The company is under control of Benefit4me Holdings Limited, which is a company incorporated and domiciled in England and Wales. The ultimate controlling party is H Freidl by virtue of his majority ownership in Benefit4me Holdings Limited.