soldierboyblue Posted August 5, 2020 Share Posted August 5, 2020 35 minutes ago, billyblack said: Right. Why are we seemingly incapable of actually submitting something on time? I’ve given you an explanation it’s just better for you to jump on the faux outrage Bus though 3 Link to comment Share on other sites More sharing options...
daveyboy66 Posted August 5, 2020 Share Posted August 5, 2020 (edited) 3 minutes ago, billyblack said: Just keep patting him on the back like a good boy Keep blaming Companies House who informed everyone that accounts may be delayed for at least two weeks due to staff coming back off furlough Edited August 5, 2020 by daveyboy66 2 Link to comment Share on other sites More sharing options...
BARMYARMY2010 Posted August 5, 2020 Share Posted August 5, 2020 Just now, billyblack said: Just keep patting him on the back like a good boy Now see, you've done it again, why are YOU embarrassed outraged enough to go on and on and and on, how are the accounts affecting what and how you go about your daily business? 2 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted August 5, 2020 Share Posted August 5, 2020 (edited) Accounts won't/can't be filed until after appeal on face of it, but can't see why anyone is shocked... Derby accounts were due to be filed 30 June and are still not filed Edited August 5, 2020 by wellbeaten-the-owl Link to comment Share on other sites More sharing options...
Chewy24 Posted August 5, 2020 Share Posted August 5, 2020 Whilst there may or may not be good reasons for late filing, from a corporate governance point of view it looks poor and impacts on the confidence people, especially professionals such as the bank etc, will have in the management of the club as a business. 1 1 Link to comment Share on other sites More sharing options...
full fathom five Posted August 5, 2020 Share Posted August 5, 2020 8 minutes ago, @owlstalk said: Calm down kids... The kids are alright... Link to comment Share on other sites More sharing options...
Uncle Mort AMB Posted August 5, 2020 Share Posted August 5, 2020 38 minutes ago, @owlstalk said: Have a beer, sit down, watch a lovely video about Filey on YouTube, smile, and turn that frown upside down! He'd moan the tides late coming in on the video FFS. 3 Link to comment Share on other sites More sharing options...
room0035 Posted August 5, 2020 Share Posted August 5, 2020 1 hour ago, SiJ said: Will sell it too late and have it backdated. "Wednesday get charged over sale of golden elephant" No the elephant was family and ended up leaving for free. He packed his bag and trundled off to the circus. 1 Link to comment Share on other sites More sharing options...
TheLastSleepingGiant Posted August 5, 2020 Share Posted August 5, 2020 21 minutes ago, @owlstalk said: Calm down kids... BUT WHAT HAVE YOU DONE FOR THE CLUB!? 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted August 5, 2020 Share Posted August 5, 2020 (edited) So have The Star got actual evidence we haven't filed them ? If the accounts were posted - it still is the case many are - then I would not expect to see the record at Companies House updated this week. At the best of times its 5 days in that scenario, I have had delays of 16 days before now. So it could be that, it could be linked to the case and possible re-statement, it could be the auditor refusing to sign until the outcome was known. Immediate relegation and 6m loss in revenue, might just raise the bar on their going concern review. Edited August 5, 2020 by mkowl Link to comment Share on other sites More sharing options...
Kopparberg Posted August 5, 2020 Share Posted August 5, 2020 Shout out to the genuinely knowledgeable accountant types on here! We’d be lost without them. The rest of you though (and me)... useless 1 Link to comment Share on other sites More sharing options...
steelowl Posted August 5, 2020 Share Posted August 5, 2020 1 minute ago, mkowl said: So have The Star got actual evidence we haven't filed them ? If the accounts were posted - it still is the case many are - then I would not expect to see the record at Companies House updated this week. At the best of times its 5 days in that scenario, I have had delays of 16 days before now. So it could be that, it could be linked to the case and possible re-statement, it could be the auditor refusing to sign until the outcome was known. Immediate relegation and 6m loss in revenue, might just raise the bar on their going concern review. ssshhhh you are puling the rug from under 'the club cant do anything right rants' Link to comment Share on other sites More sharing options...
Guest Posted August 5, 2020 Share Posted August 5, 2020 2 minutes ago, mkowl said: So have The Star got actual evidence we haven't filed them ? If the accounts were posted - it still is the case many are - then I would not expect to see the record at Companies House updated this week. At the best of times its 5 days in that scenario, I have had delays of 16 days before now. So it could be that, it could be linked to the case and possible re-statement, it could be the auditor refusing to sign until the outcome was known. Immediate relegation and 6m loss in revenue, might just raise the bar on their going concern review. That can't be right - @room0035 expects to see them online within 24 hours of submission, even under current circumstances! Link to comment Share on other sites More sharing options...
billyblack Posted August 5, 2020 Share Posted August 5, 2020 36 minutes ago, BARMYARMY2010 said: Now see, you've done it again, why are YOU embarrassed outraged enough to go on and on and and on, how are the accounts affecting what and how you go about your daily business? Why do i have to explain anything to you? Link to comment Share on other sites More sharing options...
billyblack Posted August 5, 2020 Share Posted August 5, 2020 39 minutes ago, daveyboy66 said: Keep blaming Companies House who informed everyone that accounts may be delayed for at least two weeks due to staff coming back off furlough Thats not the reason though is it Link to comment Share on other sites More sharing options...
Guest mkowl Posted August 5, 2020 Share Posted August 5, 2020 2 minutes ago, hirstyboywonder said: That can't be right - @room0035 expects to see them online within 24 hours of submission, even under current circumstances! Well if they were e filed they are shown almost at once. But more involved accounts might still be posted as the formatting can look a bit ropey on the e filed stuff. You can't just email a PDF over. Link to comment Share on other sites More sharing options...
billyblack Posted August 5, 2020 Share Posted August 5, 2020 11 minutes ago, mkowl said: So have The Star got actual evidence we haven't filed them ? If the accounts were posted - it still is the case many are - then I would not expect to see the record at Companies House updated this week. At the best of times its 5 days in that scenario, I have had delays of 16 days before now. So it could be that, it could be linked to the case and possible re-statement, it could be the auditor refusing to sign until the outcome was known. Immediate relegation and 6m loss in revenue, might just raise the bar on their going concern review. why. The accounts are for last season, not this. Why would immediate relegation affect last seasons accounts? Link to comment Share on other sites More sharing options...
billyblack Posted August 5, 2020 Share Posted August 5, 2020 34 minutes ago, Chewy24 said: Whilst there may or may not be good reasons for late filing, from a corporate governance point of view it looks poor and impacts on the confidence people, especially professionals such as the bank etc, will have in the management of the club as a business. at last Link to comment Share on other sites More sharing options...
daveyboy66 Posted August 5, 2020 Share Posted August 5, 2020 1 minute ago, billyblack said: at last Absolute nonsense banks do not insist on businesses forwarding accounts on time unless it means they will not get paid...and banks usually get paid first regardless.. Straws regardless at clutching methinks Link to comment Share on other sites More sharing options...
Guest mkowl Posted August 5, 2020 Share Posted August 5, 2020 Just now, billyblack said: why. The accounts are for last season, not this. Why would immediate relegation affect last seasons accounts? Because the company has to assess whether it is a going concern for a period of 12 months from the date of signing the accounts. The auditor has to assess that assessment of going concern. The accountancy regulators have already issued detailed guidance for how auditors re-assess this with covid - which we know will impact football club revenues. But that review will assess budgets for that 12 months henceforth, so relegation would reduce that by 6m so would be incredibly significant An auditor has to continually assess the company upto the date of signing the accounts. So as you rightly say it does not directly impact the numbers but it absolutely impacts the finalisation process Link to comment Share on other sites More sharing options...
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