Company Registration No. 07083183 (England and Wales)
LOBSTER LENDING LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
LOBSTER LENDING LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LOBSTER LENDING LTD
ABBREVIATED BALANCE SHEET - UNAUDITED
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Loans to customers
725,355
130,000
Debtors
66,044
32,392
Cash at bank and in hand
9,620
208,358
801,019
370,750
Creditors: amounts falling due within one year
(376,324)
(3,473)
Total assets less current liabilities
424,695
367,277
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
424,693
367,275
Shareholders' funds
424,695
367,277
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 July 2016
Mr D Sproull
Director
Company Registration No. 07083183
LOBSTER LENDING LTD
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover consists of the amount of interest earned during the year on mortgage loans advanced, plus the amounts of fees or other trading income during the year. The turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2