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REGISTERED NUMBER: 12590979 (England and Wales)












Report of the Directors and

Financial Statements

for the Year Ended 30 June 2024

for

Swipe International Ltd

Swipe International Ltd (Registered number: 12590979)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 3

Income Statement 7

Other Comprehensive Income 8

Statement of Financial Position 9

Statement of Changes in Equity 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13


Swipe International Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: W Brown
R A L Braham



REGISTERED OFFICE: 142 Central Street
Clerkenwell
London
EC1V 8AR



REGISTERED NUMBER: 12590979 (England and Wales)



SENIOR STATUTORY AUDITOR: Bryan Michael Kemsley FCCA FMAAT



AUDITORS: Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Swipe International Ltd (Registered number: 12590979)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

The Company is an electronic money institution (EMI), authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 for issuing of electronic money and the provision of payment services with FCA registration number 931540.

DIRECTORS
W Brown has held office during the whole of the period from 1 July 2023 to the date of this report.

Other changes in directors holding office are as follows:

Ms A K Gillett - appointed 23 November 2023 - resigned 14 March 2024
R A L Braham - appointed 9 April 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





W Brown - Director


27 March 2025

Report of the Independent Auditors to the Members of
Swipe International Ltd

Opinion
We have audited the financial statements of Swipe International Ltd (the 'company') for the year ended 30 June 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Swipe International Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Swipe International Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Swipe International Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Bryan Michael Kemsley FCCA FMAAT (Senior Statutory Auditor)
for and on behalf of Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

27 March 2025

Swipe International Ltd (Registered number: 12590979)

Income Statement
for the Year Ended 30 June 2024

Period
1/6/22
Year Ended to
30/6/24 30/6/23
Notes £    £   

TURNOVER 142,944 -

Cost of sales 17,700 -
GROSS PROFIT 125,244 -

Administrative expenses 685,784 23,122
OPERATING LOSS 5 (560,540 ) (23,122 )

Amounts owed to participating interests
no longer repayable

6

-

94,544
(560,540 ) 71,422


Interest payable and similar expenses 7 298 246
(LOSS)/PROFIT BEFORE TAXATION (560,838 ) 71,176

Tax on (loss)/profit 8 - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(560,838

)

71,176

Swipe International Ltd (Registered number: 12590979)

Other Comprehensive Income
for the Year Ended 30 June 2024

Period
1/6/22
Year Ended to
30/6/24 30/6/23
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (560,838 ) 71,176


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(560,838

)

71,176

Swipe International Ltd (Registered number: 12590979)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 3,370 -

CURRENT ASSETS
Debtors 10 9,100 100
Cash at bank 579,863 343,720
588,963 343,820
CREDITORS
Amounts falling due within one year 11 123,869 347,720
NET CURRENT ASSETS/(LIABILITIES) 465,094 (3,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,464

(3,900

)

CAPITAL AND RESERVES
Called up share capital 12 100 100
Trading reserve 13 250,000 -
Other reserve 13 783,202 -
Retained earnings 13 (564,838 ) (4,000 )
SHAREHOLDERS' FUNDS 468,464 (3,900 )

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





W Brown - Director


Swipe International Ltd (Registered number: 12590979)

Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up
share Retained Trading Other Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 June 2022 100 (75,176 ) - - (75,076 )

Changes in equity
Total comprehensive income - 71,176 - - 71,176
Balance at 30 June 2023 100 (4,000 ) - - (3,900 )

Changes in equity
Capital contribution - - 250,000 783,202 1,033,202
Total comprehensive income - (560,838 ) - - (560,838 )
Balance at 30 June 2024 100 (564,838 ) 250,000 783,202 468,464

Swipe International Ltd (Registered number: 12590979)

Statement of Cash Flows
for the Year Ended 30 June 2024

Period
1/6/22
Year Ended to
30/6/24 30/6/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (448,519 ) (19,626 )
Interest paid (298 ) (246 )
Net cash from operating activities (448,817 ) (19,872 )

Cash flows from investing activities
Purchase of tangible fixed assets (4,522 ) -
Net cash from investing activities (4,522 ) -

Cash flows from financing activities
New group loan in year - 343,720
Loan repayments in year (343,720 ) -
Owed to participating interests - 19,872
Capital contributions 1,033,202 -
Net cash from financing activities 689,482 363,592

Increase in cash and cash equivalents 236,143 343,720
Cash and cash equivalents at
beginning of year

2

343,720

-

Cash and cash equivalents at end of
year

2

579,863

343,720

Swipe International Ltd (Registered number: 12590979)

Notes to the Statement of Cash Flows
for the Year Ended 30 June 2024

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

Period
1/6/22
Year Ended to
30/6/24 30/6/23
£    £   
(Loss)/profit before taxation (560,838 ) 71,176
Depreciation charges 1,152 -
Loan no longer repayable - (94,544 )
Finance costs 298 246
(559,388 ) (23,122 )
Increase in trade and other debtors (9,000 ) -
Increase in trade and other creditors 119,869 3,496
Cash generated from operations (448,519 ) (19,626 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2024
30/6/24 1/7/23
£    £   
Cash and cash equivalents 579,863 343,720
Period ended 30 June 2023
30/6/23 1/6/22
£    £   
Cash and cash equivalents 343,720 -


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/7/23 Cash flow At 30/6/24
£    £    £   
Net cash
Cash at bank 343,720 236,143 579,863
343,720 236,143 579,863
Total 343,720 236,143 579,863

Swipe International Ltd (Registered number: 12590979)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Swipe International Ltd 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 (£).


Amounts are rounded to the nearest Pound Sterling.

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The Company relies upon the financial support of its parent in order to provide working capital as necessary. The directors are of the opinion that this financial support will continue for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.The financial statements do not include any adjustments that may be required should this financial support no longer continue.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - straight line over 3 years

Swipe International Ltd (Registered number: 12590979)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances and investments
in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future receipts
discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference between
the carrying amount and the present value of the estimated cash flows discounted at the asset’s
original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been had the impairment not previously been
recognised. The impairment reversal is recognised in profit or loss.

Other financial assets, including investments in equity instruments which are not subsidiaries,
associates or joint ventures, are initially measured at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value and the changes in fair value are recognised in
profit or loss, except that investments in equity instruments that are not publicly traded and whose fair
values cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party, or (c) despite having retained some significant risks and rewards of
ownership, control of the asset has been transferred to another party who has the practical ability to
unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction
price, unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the
extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is
deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or
all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and
amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade payables are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic
financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract
is entered into and are subsequently re-measured at their fair value. Changes in the fair value of
derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless
they are included in a hedging arrangement.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.


Swipe International Ltd (Registered number: 12590979)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand, as well as short-term deposits with
original maturities of three months or less. They are measured at nominal value and subject to an
impairment review where applicable.

4. EMPLOYEES AND DIRECTORS
Period
1/6/22
Year Ended to
30/6/24 30/6/23
£    £   
Wages and salaries 204,392 10,895
Social security costs 22,916 -
Other pension costs 3,634 -
230,942 10,895

The average number of employees during the year was as follows:
Period
1/6/22
Year Ended to
30/6/24 30/6/23

Management 4 2

Swipe International Ltd (Registered number: 12590979)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. EMPLOYEES AND DIRECTORS - continued

Period
1/6/22
Year Ended to
30/6/24 30/6/23
£    £   
Directors' remuneration - -

5. OPERATING LOSS

The operating loss is stated after charging/(crediting):

Period
1/6/22
Year Ended to
30/6/24 30/6/23
£    £   
Depreciation - owned assets 1,152 -
Auditors' remuneration 5,600 4,000
Foreign exchange differences 4,854 (2,114 )

6. EXCEPTIONAL ITEMS
Period
1/6/22
Year Ended to
30/6/24 30/6/23
£    £   
Amounts owed to participating interests no
longer repayable

-

94,544

7. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1/6/22
Year Ended to
30/6/24 30/6/23
£    £   
Interest payable 298 246

8. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 30 June 2024 nor for the period ended 30 June 2023.

Swipe International Ltd (Registered number: 12590979)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 4,522
At 30 June 2024 4,522
DEPRECIATION
Charge for year 1,152
At 30 June 2024 1,152
NET BOOK VALUE
At 30 June 2024 3,370

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other debtors 9,000 -
Called up share capital not paid 100 100
9,100 100

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 62,316 -
Amounts owed to group undertakings - 343,720
Social security and other taxes 47,184 -
Other creditors 1,019 -
Accruals and deferred income 13,350 4,000
123,869 347,720

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Retained Trading Other
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2023 (4,000 ) - - (4,000 )
Deficit for the year (560,838 ) (560,838 )
Capital contribution - 250,000 783,202 1,033,202
At 30 June 2024 (564,838 ) 250,000 783,202 468,364

Swipe International Ltd (Registered number: 12590979)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

14. ULTIMATE PARENT COMPANY

APSI Holdings Limited is regarded by the directors as being the company's ultimate parent company.

On 07 October 2022 the whole of the issued share capital of the Company was acquired by APSI Holdings Limited (formerly known as Alchemy Prime Holdings Limited) for a consideration of £1,250,000.

The called up share capital unpaid at 30 June 2024 is the parent company holding in Swipe International Limited.

15. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
30/6/24 30/6/23
£    £   
Capital contribution received 343,720 -

Other related parties
30/6/24 30/6/23
£    £   
Capital contribution received from other related entities 439,482 -

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G S Kundnani.

17. PREPARATION OF THE FINANCIAL STATEMENTS

In common with many other businesses of our size and nature we use our auditors to prepare and
submit returns to the tax authorities and assist with the preparation of the financial statements.