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REGISTERED NUMBER: 13002438 (England and Wales)












Bravo Benefits Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Bravo Benefits Holdings Limited (Registered number: 13002438)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bravo Benefits Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W M Dochan
Mrs L F Wesley





REGISTERED OFFICE: Office 4 Swan Park Business Centre
Kettlebrook Road
Tamworth
Staffordshire
B77 1AG





REGISTERED NUMBER: 13002438 (England and Wales)





ACCOUNTANTS: Tamworth Accountancy Services Limited
Office 3 Swan Park
Kettlebrook Road
Tamworth
Staffordshire
B77 1AG

Bravo Benefits Holdings Limited (Registered number: 13002438)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,008,715 2,008,715

CURRENT ASSETS
Debtors 5 190 187
Cash in hand 4 4
194 191
CREDITORS
Amounts falling due within one year 6 439,790 1,185,016
NET CURRENT LIABILITIES (439,596 ) (1,184,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,569,119

823,890

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 1,569,115 823,886
SHAREHOLDERS' FUNDS 1,569,119 823,890

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:





W M Dochan - Director


Bravo Benefits Holdings Limited (Registered number: 13002438)

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

1. STATUTORY INFORMATION

Bravo Benefits 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.

Preparation of consolidated financial statements
The financial statements contain information about Bravo Benefits Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.

Share-based payment
During the year the company operated an equity-settled, share based compensation plan for the employees of all its subsidiaries.

Where deemed material, the fair value of the employee services received by the subsidiaries in exchange for the grant of options is recognised as an expense in the subsidiary company's accounts and a credit entry is made in equity. The parent company granting the options recognises a corresponding credit in reserves and an increase in its investment in the subsidiaries.

The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each balance sheet date, the entity revises its estimates of the number of options awards that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the profit and loss account, with a corresponding adjustment to equity.

Bravo Benefits Holdings Limited (Registered number: 13002438)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 2,008,715
NET BOOK VALUE
At 31 December 2023 2,008,715
At 31 December 2022 2,008,715

Bravo Benefits Holdings Limited operates as a Holding Company. It directly owns 100% of the share capital of OLDBBH Limited as well as owning indirectly 100% of the share capital of Bravo Benefits Limited.Bravo Benefits Limited is a company that operates an employee benefits business where it contracts with employers to run schemes on behalf of their employees.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 190 187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 37,030 37,030
Other creditors 402,760 1,147,986
439,790 1,185,016

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary £0.01 4 4

8. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.

Bravo Benefits Holdings Limited (Registered number: 13002438)

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

9. SHARE-BASED PAYMENT TRANSACTIONS

The share options are exercisable on the sale of the Company. All share options are in respect of Ordinary B Shares and the number of employees holding share options as at 31 December 2023 was 2 (2022: 3).


WeightedWeighted
AverageAverage
ExerciseExercise
Price (£)NumberPrice (£)Number
2023202320222022

Held at the beginning of the year736171--

Options issued/disqualified in the year736(57)736171
Held at the end of the year736114736171

The options are granted by the ultimate parent company, Bravo Benefits Holdings Limited, over its own shares as part of a group wide equity settled share-based payment incentive scheme.

During the year following a disqualification event, 57 options were withdrawn.

Options have a contractual life of 10 years and are vested subject to the holder remaining in the group's
employment. There are no individual performance criteria or market-based performance conditions attached to the grant.