Logbook Lending Limited - Accounts to registrar - small 17.1

Logbook Lending Limited - Accounts to registrar - small 17.1

LOGBOOK LENDING LIMITED - Company Information

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REGISTERED NUMBER: 07409180 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

LOGBOOK LENDING LIMITED

LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOGBOOK LENDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: A Lazarus





REGISTERED OFFICE: 34a Watling Street
Radlett
Hertfordshire
WD7 7NN





REGISTERED NUMBER: 07409180 (England and Wales)





ACCOUNTANTS: Daniel Wolfson & Co Ltd
Chartered Accountants
34a Watling Street
Radlett
Hertfordshire
WD7 7NN
Page 1
LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 5 259,109 291,240
Cash at bank and in hand 11,871 2,883
270,980 294,123
CREDITORS
Amounts falling due within one year 6 211,227 216,691
NET CURRENT ASSETS 59,753 77,432
TOTAL ASSETS LESS CURRENT
LIABILITIES
59,753
77,432

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 59,653 77,332
SHAREHOLDERS' FUNDS 59,753 77,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 June 2017 and were signed by:





A Lazarus - Director


The notes form part of these financial statements

Page 2
LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Logbook Lending Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents interest earned from loans and the sale of repossessed vehicles held as security. Interest
income is recognised in the period in which it is earned. Proceeds from the sale of vehicles are recognised when
the title has passed.

Going concern
These accounts have been prepared on a going concern basis, based on the continued support of the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 906,134
AMORTISATION
At 1 January 2016
and 31 December 2016 906,134
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 235,764 273,245
Other debtors 21,798 14,259
Prepayments 1,547 3,736
259,109 291,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 13,441 12,478
Amounts owed to participating interests 4,324 -
Other creditors 157,962 191,255
Accruals and deferred income 35,500 12,958
211,227 216,691

Page 3 continued...
LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2016 77,332
Deficit for the year (17,679 )
At 31 December 2016 59,653

9. RELATED PARTY DISCLOSURES

At the year end, £4,324 (2015: £nil) was owed to the parent company, AF Premier Limited.

Other creditors includes a balance of £102,962 (2015: £120,000) payable to the director, Mr A Lazarus and a
balance of £55,000 (2015: £66,250) payable to JTJ Properties Limited, an associate company in which Mr A
Lazarus is also a director and 50% shareholder.

During the year rent totalling £10,050 (2015: £10,050) was charged to Best Quality Watches Limited, a company
in which Mr A Lazarus is also a director.

Included in other debtors is an amount of £13,400 (2015: £2,547), receivable from Best Quality Watches Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AF Premier Limited, a company incorporated in the UK, by virtue of its 100%
shareholding.

Page 4