Lendable Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08828186 (England and Wales)

LENDABLE LIMITED

(FORMERLY FEATHER MEDIA LIMITED)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 31 DECEMBER 2013 TO 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K M Kissinger

REGISTERED OFFICE:

8A Great Newport Street

London

WC2H 7JA

REGISTERED NUMBER:

08828186 (England and Wales)

CURRENT ASSETS

Debtors

2

765,089

Cash at bank

1,108,211

1,873,300

CREDITORS

Amounts falling due within one year

(1,451,789

)

NET CURRENT ASSETS

421,511

TOTAL ASSETS LESS CURRENT LIABILITIES

421,511

CREDITORS

Amounts falling due after more than one year

(416,649

)

NET ASSETS

4,862

CAPITAL AND RESERVES

Called up share capital

3

3

Profit and loss account

4,859

SHAREHOLDERS' FUNDS

4,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 September 2015 and were signed by:

K M Kissinger - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which is dependent on

the continued support of the company's directors. The directors have indicated their intention

to provide financial support for a period of not less than 12 months from the date of signing the

accounts. On this basis, the directors consider it appropriate to prepare the financial

statements on a going concern basis. The financial statements do not include any

adjustments that would result from a withdrawal of such financial support.

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover represents net fees and interest charged exempt from VAT.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 416,649

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3,305,785

Ordinary

0.000001

3

3,305,785 Ordinary shares of 0.000001 each were allotted and fully paid for cash at par during

the period.

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Lendable Operations Limited, which owns 100% of the issued

share capital of the company.