Start by preparing the lobster filling. In a large skillet, heat the butter over low to medium heat and sauté the mushrooms for about 5 minutes or until softened.
Add in the shallots and cook for another minute before adding in the cooked lobster meat, light cream, sherry, flour, and salt and pepper to taste. Continue cooking for about 5 minutes or until the mixture has thickened and most of the liquid has been absorbed. Remove from heat and set aside.
To make the ravioli, begin by rolling out a large sheet of pasta (either store-bought or homemade) on a lightly floured surface until it is about 1/8 inch thick.
Using a round cookie cutter or a drinking glass with a 3-inch diameter, cut circles out of the pasta sheet and place them on a lightly floured surface. Place about 2 teaspoons of the lobster filling into the center of each circle and then fold in half to form the ravioli shape.
Crimp the edges with a fork to ensure that it is sealed and set aside.
To prepare the sauce, melt butter in a small pan over medium heat and add brandy, flour, and paprika. Cook for about 3 minutes or until the mixture thickens, then season with salt and pepper to taste.
Bring a large pot of lightly salted water to a boil and add in the ravioli. Cook for about 3 minutes or until they have reached desired tenderness. Drain and serve with the brandy cream sauce.