Lendable Limited - Limited company - abbreviated

REGISTERED NUMBER: 08828186 (England and Wales)

LENDABLE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

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

6,393,014

765,089

Cash at bank

1,486,522

1,108,211

7,879,536

1,873,300

CREDITORS

Amounts falling due within one year

(3,811,738

)

(1,451,789

)

NET CURRENT ASSETS

4,067,798

421,511

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,067,798

421,511

CREDITORS

Amounts falling due after more than one
year

(4,062,936

)

(416,649

)

NET ASSETS

4,862

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

4,859

SHAREHOLDERS' FUNDS

4,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 25 April 2016 and were signed by:

K M Kissinger - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

support of the company's director. The director has 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 director considers

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.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents fees charged to borrowers and are recognised fully at the origination date of the loan.

Turnover also represents interest charged to lenders and is recognised over the term of the loan.

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 £ 4,062,936 (2014 - £ 416,649 )

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

3,305,785

Ordinary

0.000

001

3

4.	ULTIMATE PARENT COMPANY

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

of the company.

Lendable Limited - Limited company - abbreviated - 11.9

Lendable Limited - Limited company - abbreviated - 11.9