Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-09-01falsetrue22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13584833 2022-09-01 2023-08-31 13584833 2021-08-25 2022-08-31 13584833 2023-08-31 13584833 2022-08-31 13584833 c:Director1 2022-09-01 2023-08-31 13584833 d:CurrentFinancialInstruments 2023-08-31 13584833 d:CurrentFinancialInstruments 2022-08-31 13584833 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13584833 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13584833 d:ShareCapital 2023-08-31 13584833 d:ShareCapital 2022-08-31 13584833 d:SharePremium 2022-09-01 2023-08-31 13584833 d:SharePremium 2023-08-31 13584833 d:SharePremium 2022-08-31 13584833 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 13584833 d:RetainedEarningsAccumulatedLosses 2023-08-31 13584833 d:RetainedEarningsAccumulatedLosses 2022-08-31 13584833 c:OrdinaryShareClass1 2022-09-01 2023-08-31 13584833 c:OrdinaryShareClass1 2023-08-31 13584833 c:OrdinaryShareClass1 2022-08-31 13584833 c:FRS102 2022-09-01 2023-08-31 13584833 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13584833 c:FullAccounts 2022-09-01 2023-08-31 13584833 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13584833 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13584833














SALINA HEALTH LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
SALINA HEALTH LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
SALINA HEALTH LIMITED
REGISTERED NUMBER:13584833

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
256
1,898

Cash at bank and in hand
 5 
12,497
1,758

  
12,753
3,656

Creditors: amounts falling due within one year
 6 
(12,556)
(46,203)

Net current assets/(liabilities)
  
 
 
197
 
 
(42,547)

Total assets less current liabilities
  
197
(42,547)

  

Net assets/(liabilities)
  
197
(42,547)


Capital and reserves
  

Called up share capital 
 7 
952
900

Share premium account
 8 
50,000
-

Profit and loss account
 8 
(50,755)
(43,447)

  
197
(42,547)


1

 
SALINA HEALTH LIMITED
REGISTERED NUMBER:13584833
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 on 8 February 2024.




R Z Dallaway
Director

The notes on pages 3 to 5 form part of these financial statements.

2

 
SALINA HEALTH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Salina Health Limited is a private company, limited by shares, registered in England and Wales, registration number 13584833. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company is health care business focusing on using AI for mental health professionals.

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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 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 profit or loss within 'other operating income'.

 
2.3

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.4

Debtors

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

3

 
SALINA HEALTH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 and from related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
96
1,898

Prepayments and accrued income
160
-

256
1,898



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,497
1,758



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8
19,446

Other creditors
8,258
23,797

Accruals and deferred income
4,290
2,960

12,556
46,203


4

 
SALINA HEALTH LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



9,517 (2022 - 9,000) Ordinary shares of £0.10 each
952
900


On 1 October 2022, 517 Ordinary shares of £0.10 were allotted at an aggregate subscription price of
£52 and an aggregate nominal value of £952.


8.


Reserves

Share premium account

The share premium account is a non-distributable reserve which represents the excess of proceeds received over the nominal value of the shares issued.

Profit and loss account

The profit and loss account is a distributable reserve arising from accumulated profit and losses to date.

5