REGISTERED NUMBER: 15788337 (England and Wales)

Unaudited Financial Statements

for the Period 19 June 2024 to 30 June 2025

for

Salve II Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Ellis

M P Taylor

SECRETARY:

Ms L Sinfield

REGISTERED OFFICE:

16 Bath Row

Stamford

Lincolnshire

PE9 2QU

REGISTERED NUMBER:

15788337 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

188,015

Tangible assets

5

7,163

195,178

CURRENT ASSETS

Debtors

6

499,379

Cash at bank

678,369

1,177,748

CREDITORS

Amounts falling due within one year

7

(415,287

)

NET CURRENT ASSETS

762,461

TOTAL ASSETS LESS CURRENT LIABILITIES

957,639

CREDITORS

Amounts falling due after more than one year

8

(1,725,328

)

NET LIABILITIES

(767,689

)

CAPITAL AND RESERVES

Called up share capital

9

6

Retained earnings

(767,695

)

SHAREHOLDERS' FUNDS

(767,689

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 4 June 2026 and were signed on its behalf by:

T Ellis - Director

1.	STATUTORY INFORMATION

Salve II 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of nine years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for

investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 8 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

Additions

24,330

222,170

246,500

At 30 June 2025

24,330

222,170

246,500

AMORTISATION

Charge for period

2,230

56,255

58,485

At 30 June 2025

2,230

56,255

58,485

NET BOOK VALUE

At 30 June 2025

22,100

165,915

188,015

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

8,775

At 30 June 2025

8,775

DEPRECIATION

Charge for period

1,612

At 30 June 2025

1,612

NET BOOK VALUE

At 30 June 2025

7,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

86,983

Amounts owed by group undertakings

42,769

Other debtors

369,627

499,379

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

99,216

Amounts owed to group undertakings

2,707

Taxation and social security

42,432

Other creditors

270,932

415,287

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Amounts owed to group undertakings

1,700,328

Other creditors

25,000

1,725,328

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

95

A Ordinary shares

0.01

1

5

B Ordinary shares

1

5

6

10.	RELATED PARTY DISCLOSURES

As at the period end Automate Health Limited owed Salve II Limited £42,769

As at the period end Appraise Me Limited owed Salve II Limited, £2,707.

During the year, the Salve II Limited entered into a loan agreement with PW Health Limited for a principal amount of £1,700,328. The loan became effective on 2 August 2024 and is interest-free and unsecured. The loan is repayable in full on the earlier of the tenth anniversary of the effective date or the occurrence of a sale of a controlling interest or asset sale, or an individual lender ceasing to own shares in the capital of the Salve II Limited. No amounts were repaid during the year and, at the reporting date, the full balance of £1,700,328 remained outstanding.

During the year, the company received a £25,000 loan from shareholder Mr Charles Kenny. The loan became effective on 2 August 2024 and is interest-free and unsecured. The loan is repayable in full on the earlier of the tenth anniversary of the effective date or the occurrence of a sale of a controlling interest or asset sale, or an individual lender ceasing to own shares in the capital of the Salve II Limited.

11.	SUBSEQUENT EVENTS

On 12 December 2025, a loan with a carrying value of £1,700,327.55 was transferred to Automate Health Limited. The directors do not consider this event to have a direct impact on the amounts recognised in these financial statements.

12.	ULTIMATE CONTROLLING PARTY

PW Health Limited is acting as the single ultimate controlling party.