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LeaniX UK Limited

Registered number: 14638227
Annual report
For the year ended 31 December 2024

 
 14638227
31 December 2024
LEANIX UK LIMITED
REGISTERED NUMBER: 14638227

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
19,552
-

  
19,552
-

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
15,360

Debtors: amounts falling due within one year
 5 
216,915
46,880

Bank and cash balances
  
708,498
1,575,012

  
925,413
1,637,252

Creditors: amounts falling due within one year
 6 
(724,203)
(1,558,013)

Net current assets
  
 
 
201,210
 
 
79,239

Total assets less current liabilities
  
220,762
79,239

Creditors: amounts falling due after more than one year
 7 
(17,404)
-

Provisions for liabilities
  

Deferred tax
 8 
(1,233)
-

  
 
 
(1,233)
 
 
-

Net assets
  
202,125
79,239


Capital and reserves
  

Called up share capital 
 9 
10
1

Profit and loss account
 10 
202,115
79,238

Total equity
  
202,125
79,239


- 1 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
REGISTERED NUMBER: 14638227
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



S P Wilkinson
Director
Date: 24 April 2025

The notes on pages 3 to 11 form part of these financial statements.

- 2 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

LeaniX UK Limited is a private company limited by shares and incorporated in England and Wales. Its registered number is 14638227. The address of its registered office is C/O SAP - Clockhouse Place, Bedfont Road, Feltham, England, TW14 8HD. 
The comparative figures presented in these financial statements are for an 11-month period and are not directly comparable.

2.Accounting policies

 
2.1

Basis of preparation of 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 financial statements have been presented in Pound Sterling, as this is the currency of the primary economic environment in which the Company operates, and are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director of the company has decided to sell the company and its assets to SAP (UK) Limited after the year-end, with the intention of continuing as a cash center and settling any liabilities during 2025. In view of this, the director is satisfied that the company will continue as a going concern, so the financial statements have been prepared on this basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation currency is GBP.

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 profit or loss.

All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'administrative expenses'.

- 3 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue arises from cost recharges made to LeanIX GmbH, the immediate parent undertaking. 
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, value added tax and other sales taxes. 

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

- 4 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Assets with cost of less than £250
-
zero useful life and are fully depreciated immediately upon recognition.
Assets with cost of at least £250 but less than £800
-
useful life of 1 month.
Assets with cost of at least £800
-
 useful life of between 1 and 3 years.

Depreciation is recognised in the Statement of Comprehensive Income within administrative expenses.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

- 5 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

  
2.11

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is identified, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and its recoverable amount, which is an estimate of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transactions price and subsequently measured at amortised costs.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was 23 (2023: 15).

- 6 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost


Additions
24,865



At 31 December 2024

24,865



Depreciation


Charge for the year
5,313



At 31 December 2024

5,313



Net book value



At 31 December 2024
19,552



At 31 December 2023
-

- 7 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
-
15,360


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
205,644
-

Other debtors
3,300
17,516

Prepayments and accrued income
7,971
29,364

216,915
46,880


The amounts owed by group undertakings are trade-related, and are unsecured, interest-free and payable on demand.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
9,980

Amounts owed to group undertakings
-
102,130

Corporation tax
41,218
48,259

Other taxation and social security
167,724
332,184

Other creditors
267,291
923,395

Accruals and deferred income
247,970
142,065

724,203
1,558,013


The amounts owed to group undertakings are unsecured, interest-free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
17,404
-


- 8 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Deferred taxation




2024


£






Charged to profit or loss
(1,233)



At end of year
(1,233)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(4,888)
-

Short term timing differences
3,655
-

(1,233)
-


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023: 1) ordinary shares of £0.1 (2023: £1) each
10
1


The Company has one class of ordinary shares; each share has attached to it full voting, dividend and capital distribution rights.


10.


Reserves

Profit and loss account

This reserve reflects the accumulated results for the Company.

- 9 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Share-based payments

LeanIX group is under a share-based payment program that is cash settled, distributed to specific LeanIX UK employees, and LeanIX UK bears the costs related to this program.
Costs relating to the share-based payment program are disclosed below:





2024
2023
£
£


Cash-settled schemes
395,227
39,906


12.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £14,622 (2023: £22,570) were payable to the fund at the reporting date, and are included within other creditors.


13.


Related party transactions

The Company is exempt from disclosing related party transactions undertaken with other wholly owned members of the group that have been concluded under normal market conditions.


14.


Post balance sheet events

On 1 January 2025, the company entered into an agreement with SAP (UK) Limited for the sale and transfer of the company and its assets, and the transaction was conducted at fair market value. The total consideration received for the company and its assets was £2,261,174.
The assets transferred include, but are not limited to, all lists of customers, inventories, books of account, records and employees relating to the company.

- 10 -

 
 14638227
31 December 2024
LEANIX UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

15.


Controlling party

Following the event disclosed in note 14, the immediate parent company, at the date of signing of this report, is SAP (UK) Limited , a company incorporated in the United Kingdom. Its registered office address is Clockhouse Place, Bedfont Road, Feltham, TW14 8HD, United Kingdom.

On 31 December 2024, the immediate parent company was LeanIX GmbH, a company incorporated in Germany. Its registered office address is Herzogspitalstraße 24, 80331, München, Germany.
The ultimate parent company is SAP SE, a company incorporated in Germany. Its registered office address is 16 Dietmar-Hopp-Allee, Walldorf, 69190  Germany.
The smallest and largest group in which the results of the company is that headed by SAP SE. The consolidated accounts of this company are available to the public and may be obtained from 16 Dietmar-Hopp-Allee, Walldorf, 69190 Germany.


16.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 1 May 2025 by Carolyn Robson (Senior Statutory Auditor) on behalf of Rouse Audit LLP.

- 11 -