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Annual accounts

Supa Shrimpa

Director⭐
Joined
Jan 19, 2009
Messages
3,393
Thats possible as is proceedings being taken against the directors.


The NL have quite stringent regulations regarding financial matters they are sticklers for the correct information being submitted alongside being up front and 100% transparent when it comes to matters like VAT, PAYE and NIC.

The charge is often levied against the NL administrators that they are incompetent and that’s probably fair comment but one thing they won’t do is afford is any extra concessions if things like failure to file statutory information continues

Exactly ! It's THAT important. Meanwhile the supporters groups are more concerned with asking questions regarding news kits etc.
 

Jai

President ⭐
Joined
Nov 27, 2003
Messages
6,473
Location
Witham
Exactly ! It's THAT important. Meanwhile the supporters groups are more concerned with asking questions regarding news kits etc.
Apart from the fact we have asked the question about the accounts in every single meeting we have attended.
 

Supa Shrimpa

Director⭐
Joined
Jan 19, 2009
Messages
3,393
Apart from the fact we have asked the question about the accounts in every single meeting we have attended.
At least Tom acknowledged the question on the last video call. I just fear he's not going to get answers to the questions, either.
 

Leo210856

Winger
Joined
Aug 9, 2020
Messages
110
Come Saturday the latest accounts to be shown on Companies House website will reflect a 12 month period that ended three years ago.

Now we don’t know Hong long it takes for the accounts once filed to appear on CH website but those 2018 accounts were signed off on 30/4/2018 which is the day they are said to have been filed.

To be honest if the NL were to impose an embargo nobody surely would seriously be surprised
 

blues exile

First XI
Joined
Dec 21, 2016
Messages
1,793
At least Tom acknowledged the question on the last video call. I just fear he's not going to get answers to the questions, either.
This is why I really have doubts about the need for a CEO. When you have a hands on chair and a nonentity BOD the post seems redundant and an unnecessary cost. Maybe the sole reason Martin agreed to it was to have a human shield to take the flak which will inevitably come his way
 

Cricko

Zone Owner ⭐
Staff member
Joined
Oct 25, 2006
Messages
33,929
Location
Leigh-On-Sea
Come Saturday the latest accounts to be shown on Companies House website will reflect a 12 month period that ended three years ago.

Now we don’t know Hong long it takes for the accounts once filed to appear on CH website but those 2018 accounts were signed off on 30/4/2018 which is the day they are said to have been filed.

To be honest if the NL were to impose an embargo nobody surely would seriously be surprised
Wasn't he in Hong Kong Phooey? :Smile:
 

brigg blue

Newbie⭐
Joined
Nov 25, 2011
Messages
1,118
The accountants have been published, on first glance it doesn't seem horrific
 

Jmayhew32

Striker
Joined
Aug 17, 2020
Messages
224
Does anyone know anything about the situation with companies house?

There are now 2 sets of accounts due for filing with no accounts since July-19…this is somewhat concerning that RM doesn’t seem overly bothered about this. Companies house will be issuing fines that I’m sure we can ill afford
 

Smiffy

Emoji King© ⭐🤝🟢🟧❌
Staff member
Joined
Oct 27, 2003
Messages
17,337
Location
Vanarama National League (Loan)
For those that are interested I have just checked Companies House and the 2020 have still not been filed. I thought on one of the Zoom calls they were close to being complete.

The 2021 accounts are also overdue now, should have been filed by 30 April 2022.
Which begs the question why?
 

Dorsetshrimper

Newbie⭐
Joined
Sep 8, 2009
Messages
139
Location
Highcliffe Dorset
Which begs the question why?

Two reasons come to mind:

  1. The auditors don't want to sign off the accounts without huge qualifications in their report about the company's ability to continue as a "going concern". Despite the awful financial position that is possible if the directors/shareholders (ultimately RM!) provides sufficient guarantees.
  2. Does the financial fair play rules apply to National League clubs? If so I am guessing we would be in trouble
 

MattE

Manager⭐
Joined
Aug 8, 2005
Messages
3,807
Two reasons come to mind:

  1. The auditors don't want to sign off the accounts without huge qualifications in their report about the company's ability to continue as a "going concern". Despite the awful financial position that is possible if the directors/shareholders (ultimately RM!) provides sufficient guarantees.
  2. Does the financial fair play rules apply to National League clubs? If so I am guessing we would be in trouble
Never rule out incompetence
 
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