SWFC late to file accounts again

[Taximark]

8 hours ago, S36 OWL said:

 

We could all register a legit business, it dosnt mean it actually operates. 

You are only saying this because you are still stood on leppings lane from new years eve still waiting for a D Taxi...and Whilst I admire your loyalty to Chansiri may I suggest you call another company - 2393939  

[catdog1121]

Its ok DC "found" some buried gold under the stadium and is just trying to put it into last years accounts.

[Swiss Toni]

He needs to speak to the rest of his family. This wouldn’t happen at TUF.

[quinnssweetshop]

3 hours ago, catdog1121 said:

Its ok DC "found" some buried gold under the stadium and is just trying to put it into last years accounts.

Thats mine, i found it by the the don playing as a kid when i lived on Vere rd, snuck in the ground and buried it under the pitch.

 

[quinnssweetshop]

2 hours ago, Swiss Toni said:

He needs to speak to the rest of his family. This wouldn’t happen at TUF.

He does... it's his sage and onion family he talks to. Quality advice. 

Edited August 6, 2020 by quinnssweetshop

[Chewy24]

Kirksandallowl, I was using the bank as an example. What I mean is that when things happen such as late filing of accounts it can reflect badly on management when a wide range of professionals, suppliers etc look at how to deal with, and if they should deal with the club. Take the bank for example, the club may have no debt but does need the bank to provide the club with facilities that allow us to pay salaries and suppliers etc. I assume certain staff will have company credit cards. These may not be significant facilities in the scheme of things but are needed nonetheless. 

[Guest Grandad]

7 minutes ago, Chewy24 said:

Kirksandallowl, I was using the bank as an example. What I mean is that when things happen such as late filing of accounts it can reflect badly on management when a wide range of professionals, suppliers etc look at how to deal with, and if they should deal with the club. Take the bank for example, the club may have no debt but does need the bank to provide the club with facilities that allow us to pay salaries and suppliers etc. I assume certain staff will have company credit cards. These may not be significant facilities in the scheme of things but are needed nonetheless. 

 

I wonder what our credit rating is like 

[33]

Late filing more than once won't be doing their D&B credit rating many favours.

[@owlstalk]

We don't need credit

We ARE the bank

The bank of Chansiri

[Animis]

Football clubs aren't like normal businesses though.  If you deal with a company that is propped up by fake advertising revenue and large asset transaction deals to the same owner, I can't imagine a credit score will affect their procurement strategy.

[room0035]

10 hours ago, hirstyboywonder said:

 

For someone who used to work for an accountancy firm you seem to have little grasp on what has been reported about this, why are you kicking up a fuss about something that has been explained and we have not been punished for?

We should have filed out financial figures by the end of April 2020 but because of Co-Vid companies got an extra 3 months, only 2 football league teams did use this extension at the time they were us and Sunderland as report I believe by the BBC at the time. Sunderland filed their accounts on 31st July and are already showing on the companies house website.

 

We have not filed our Accounts on time for the second year on the trot so the fines will be doubled, we were given a 3 month extension and have still failed to file on time, the fines will be small as long as the delay does not continue. You can look at which ever way you want we continue to not follow the rules on filing financial information, we don't follow the rules of the football league, it appears we just don't follow any rules if we don't like them.

 

And yes you can refile accounts normally it is for small immaterial errors or because you have changed the financial standard you are using, when IFRS came in a lot of companies changed their filing records and as such resubmitted account for the comparative year. I am not sure some sort investigate would not happen were we to say that a £60m transaction, did not happen when all the legal documents we filed says they did.

 

[room0035]

31 minutes ago, @owlstalk said:

We don't need credit

We ARE the bank

The bank of Chansiri

Honest question does anyone know where the money comes from, his family have a controlling interest in TUF but I believe the last time I look DC have less than 1% of the shares. I cannot find any business that have him as owner.

 

 

[bradowl]

19 hours ago, jonnyowl said:

So basically,

 

Win the appeal sale of Hillsborough stays in 2017-2018 accounts.

 

Don't win the appeal move it to the 2018-2019 accounts.

 

Personally I'd move it, start afresh with FFP.

 

You'd then have this season to invest as youd have the following seasons as a 3 year period;

 

2018-2019 with the sale of Hillsborough 

2019-2020 a lot of high payed players left before this season.

2020-2021

 

It's win win then. 

 

Happy Days. 

[S36 OWL]

3 hours ago, quinnssweetshop said:

He does... it's his sage and onion family he talks to. Quality advice. 

 

And there lies his problem. 

[S36 OWL]

[@owlstalk]

20 minutes ago, room0035 said:

Honest question does anyone know where the money comes from, his family have a controlling interest in TUF but I believe the last time I look DC have less than 1% of the shares. I cannot find any business that have him as owner.

 

 

 

I literally don't care anymore

I've take the decision to just think about the football side, the team, the matches and the games!

[Blue and white]

7 minutes ago, S36 OWL said:

That sums up every single thing wrong with our club today.

[Blue and white]

29 minutes ago, room0035 said:

Honest question does anyone know where the money comes from, his family have a controlling interest in TUF but I believe the last time I look DC have less than 1% of the shares. I cannot find any business that have him as owner.

 

 

D taxies, Elev8, Sheffield 1,2 and 3. Come on fella look harder, there are loads of quality, functional business he runs.

[wellbeaten-the-owl]

1 hour ago, room0035 said:

We should have filed out financial figures by the end of April 2020 but because of Co-Vid companies got an extra 3 months, only 2 football league teams did use this extension at the time they were us and Sunderland as report I believe by the BBC at the time. Sunderland filed their accounts on 31st July and are already showing on the companies house website.

 

We have not filed our Accounts on time for the second year on the trot so the fines will be doubled, we were given a 3 month extension and have still failed to file on time, the fines will be small as long as the delay does not continue. You can look at which ever way you want we continue to not follow the rules on filing financial information, we don't follow the rules of the football league, it appears we just don't follow any rules if we don't like them.

 

And yes you can refile accounts normally it is for small immaterial errors or because you have changed the financial standard you are using, when IFRS came in a lot of companies changed their filing records and as such resubmitted account for the comparative year. I am not sure some sort investigate would not happen were we to say that a £60m transaction, did not happen when all the legal documents we filed says they did.

 

Derby also extended 3 month's theirs were due to be filed 31 march, they extended to 30 June and guess what? They still haven't filled theirs also

Edited August 6, 2020 by wellbeaten-the-owl

[Blue and white]

6 minutes ago, Grandad said:

 

Me too

 

Ive decided that the time to get worried is when Casbah stops laughing

Is it just me who finds that a bit unnerving.

Edited August 6, 2020 by Blue and white