FUNDINGXCHANGE LIMITED

Company Registration Number:
09228134 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

FUNDINGXCHANGE LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

FUNDINGXCHANGE LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 3,747,994 3,239,874
Tangible assets: 4 20,804 43,571
Total fixed assets: 3,768,798 3,283,445
Current assets
Debtors:   533,534 826,470
Cash at bank and in hand: 287,873 1,948,934
Total current assets: 821,407 2,775,404
Creditors: amounts falling due within one year:   (737,950) (618,726)
Net current assets (liabilities): 83,457 2,156,678
Total assets less current liabilities: 3,852,255 5,440,123
Total net assets (liabilities): 3,852,255 5,440,123
Capital and reserves
Called up share capital: 529 501
Share premium account: 13,790,144 13,355,518
Other reserves: 209,492 209,492
Profit and loss account: (10,147,910) (8,125,388)
Shareholders funds: 3,852,255 5,440,123

The notes form part of these financial statements

FUNDINGXCHANGE LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 April 2024
and signed on behalf of the board by:

Name: Sarah Hollyhead
Status: Director

The notes form part of these financial statements

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 35 43

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 5,852,840
Additions 2,027,595
At 30 September 2023 7,880,435
Amortisation
At 01 October 2022 2,612,966
Charge for year 1,519,475
At 30 September 2023 4,132,441
Net book value
At 30 September 2023 3,747,994
At 30 September 2022 3,239,874

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 148,179
Additions 2,814
At 30 September 2023 150,993
Depreciation
At 01 October 2022 104,608
Charge for year 25,580
Other adjustments 1
At 30 September 2023 130,189
Net book value
At 30 September 2023 20,804
At 30 September 2022 43,571

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Post balance sheet events

On 22 February 2024, the company received a minority equity investment of £5,000,002 from Barclays UKInvestments Limited, a subsidiary of Barclays Bank PLC.