REGISTERED NUMBER: 11229822 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Salentis (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Haldenby

A Birkbeck

Ms M M Marchel

SECRETARY:

R Haldenby

REGISTERED OFFICE:

9 St. Georges Yard

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

11229822 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

4

2,069

4,019

CURRENT ASSETS

Debtors

5

19,871

294,279

Cash at bank

1,608

8,571

21,479

302,850

CREDITORS

Amounts falling due within one year

6

211,670

396,257

NET CURRENT LIABILITIES

(190,191

)

(93,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(188,122

)

(89,388

)

CREDITORS

Amounts falling due after more than one year

7

3,333

13,332

NET LIABILITIES

(191,455

)

(102,720

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(191,655

)

(102,920

)

(191,455

)

(102,720

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 16 September 2025 and were signed on its behalf by:

R Haldenby - Director

1.	STATUTORY INFORMATION

Salentis (UK) 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.

At the balance sheet date, the company had net liabilities of £191,455. The ability of the company to continue to trade is dependent upon the continuing support of the directors.

The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of support by the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable of the company management consultancy activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

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, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 found, 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. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

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.

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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

10,510

DEPRECIATION

At 1 March 2024

6,491

Charge for year

1,950

At 28 February 2025

8,441

NET BOOK VALUE

At 28 February 2025

2,069

At 29 February 2024

4,019

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

8,541

193,699

Other debtors

11,330

100,580

19,871

294,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

93,470

267,966

Taxation and social security

6,076

27,519

Other creditors

102,124

90,772

211,670

396,257

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

3,333

13,332

8.	RELATED PARTY DISCLOSURES

At the year end date the company owed £25,028 (2024 - £Nil) to Salentis PTY Limited, an Australian based company that two of the directors of this company have a material interest in.

At the year end date the company owed £0 (2024 - £7,454) to Salentis Limited (Hong Kong), a Hong Kong based company that two of the directors of this company have a material interest in.

At the year end date the company owed £56,690 (2024 - £40,440) to Citadel Dynamic Solutions Limited, a company that a director of this company has a material interest in.

At the year end date the company owed £3,785 (2024 - £2,453) to Salentis LLC, a US based company that a director of this company has a material interest in.

During the year under review the company was charged subcontractor and consultancy fees of £95,922 (2024 - £106,914) by Citadel Dynamic Solutions Limited.