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Company Registration No. 11163382 (England and Wales)
Swoop Finance Ltd
Financial Statements
for the Period from 01 April 2023 to 31 March 2024

Swoop Finance Ltd

Financial Statements for the period ending 31 March 2024

Swoop Finance Ltd

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

1. Statutory Information
Swoop Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11163382.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

Swoop Finance Ltd

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 65
2023 61
4. Principal Activity
Technology development

Swoop Finance Ltd

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/04/2023 1,485,759 1,485,759
Additions - -
Disposals - -
Revaluations - -
At 31/03/2024 1,485,759 1,485,759
Amortisation
At 01/04/2023 977,112 977,112
Charge for the Year - -
On Disposals - -
Other increases/(decreases) - -
At end of period 977,112 977,112
Net book value
At 31/03/2024 508,647 508,647
At 31/03/2023 508,647 508,647
6. Fixed Assets
Fixtures and Fittings Computer Equipment Total
Cost or valuation £ £ £
At 01/04/2023 22,588 74,234 96,822
Additions 3,479 - 3,479
Disposals - (900) (900)
At 31/03/2024 26,067 73,334 99,401
Depreciation
At 01/04/2023 9,465 45,654 55,119
Charge for the year 4,151 9,135 13,286
At 31/03/2024 13,616 54,789 68,405
Net Book Value
At 31/03/2024 12,451 18,545 30,996
At 31/03/2023 13,123 28,580 41,703