FUNDINGXCHANGE LIMITED

Company Registration Number:
09228134 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

FUNDINGXCHANGE LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

FUNDINGXCHANGE LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 652,497 343,391
Tangible assets: 4 21,281 8,619
Total fixed assets: 673,778 352,010
Current assets
Debtors: 5 136,844 57,788
Cash at bank and in hand: 326,628 80,356
Total current assets: 463,472 138,144
Creditors: amounts falling due within one year: 6 (261,969) (807,710)
Net current assets (liabilities): 201,503 (669,566)
Total assets less current liabilities: 875,281 (317,556)
Creditors: amounts falling due after more than one year: 7 0 (212,826)
Provision for liabilities: 0 0
Total net assets (liabilities): 875,281 (530,382)
Capital and reserves
Called up share capital: 165 133
Share premium account: 3,477,077 1,387,009
Other reserves: 209,492 0
Profit and loss account: (2,811,453) (1,917,524)
Shareholders funds: 875,281 (530,382)

The notes form part of these financial statements

FUNDINGXCHANGE LIMITED

Balance sheet statements

For the year ending 30 September 2018 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 18 December 2018
and signed on behalf of the board by:

Name: KATRIN HERRLING
Status: Director

The notes form part of these financial statements

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Employees

2018 2017
Average number of employees during the period 15 12

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Intangible Assets

Total
Cost £
At 01 October 2017 401,459
Additions 418,563
Disposals 0
At 30 September 2018 820,022
Amortisation
At 01 October 2017 58,068
Charge for year 109,457
At 30 September 2018 167,525
Net book value
At 30 September 2018 652,497
At 30 September 2017 343,391

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

4. Tangible Assets

Total
Cost £
At 01 October 2017 16,271
Additions 21,252
At 30 September 2018 37,523
Depreciation
At 01 October 2017 7,652
Charge for year 8,590
At 30 September 2018 16,242
Net book value
At 30 September 2018 21,281
At 30 September 2017 8,619

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

5. Debtors

Debtors: Amounts falling due with one year: Trade debtors: 89,324 (2018), 29,555 (2017) Other debtors: 47,520 (2018), 28,233 (2017)

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

6. Creditors: amounts falling due within one year note

Trade Creditors: 80,696 (2018); 39,206 (2017)Taxation and Social Security: 0(2018); 13,367 (2017)Other Creditors: 181,273 (2018); 755,137 (2017)

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

7. Creditors: amounts falling due after more than one year note

Other Creditors: 0 (2018); 212,826 (2017)

FUNDINGXCHANGE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

8. Related party transactions

Name of the related party: K Herrling
Relationship:
Director
Description of the Transaction: As at 30 September 2018, the company owed £100,000 (2017: £743,691) to K Herring, a director, and shareholder. The loan was interest-free and convertible to equity. Subsequent to these financial statements, the balance of this loan was converted into 15,060 series seed preferred shares.
£
Balance at 01 October 2017 743,691
Balance at 30 September 2018 100,000