REGISTERED NUMBER:
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LIFETIME MORTGAGES & FINANCE LIMITED |
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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REGISTERED NUMBER:
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LIFETIME MORTGAGES & FINANCE LIMITED |
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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LIFETIME MORTGAGES & FINANCE LIMITED (REGISTERED NUMBER: 04816365) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
LIFETIME MORTGAGES & FINANCE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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LIFETIME MORTGAGES & FINANCE LIMITED (REGISTERED NUMBER: 04816365) |
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ABBREVIATED BALANCE SHEET |
31ST DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
LIFETIME MORTGAGES & FINANCE LIMITED (REGISTERED NUMBER: 04816365) |
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ABBREVIATED BALANCE SHEET - continued |
31ST DECEMBER 2015 |
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The financial statements were approved by the Board of Directors on
by: |
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LIFETIME MORTGAGES & FINANCE LIMITED (REGISTERED NUMBER: 04816365) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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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. |
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Turnover |
Turnover represents commission earned and fees charged on completed finance arrangements. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st January 2015 |
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Additions |
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At 31st December 2015 |
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DEPRECIATION |
At 1st January 2015 |
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Charge for year |
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At 31st December 2015 |
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NET BOOK VALUE |
At 31st December 2015 |
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At 31st December 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The amount owing to the directors at the balance sheet date was £180 (previous year - £223). |