Accounts for the year to 20 July 2023 published

[Blue Yonder]

Up until 2016 there was a separate line in the creditor analysis for Loans from Directors which always tied in with the related parties note.

Then these loans were subsumed into Other Creditors and I guess have been there ever since.

So for the last 4 sets of accounts Other Creditors have been, £421k, £526k, £937k and £798k and other loans have been £123k, £92k, £381k and £368k.

My guess is that the interest that is being rolled up, £274k in the last 2 years is being shown separately as part of Other Accruals and Deferred Income, as the total sums owed to Directors in the note is far greater than the total of Other Loans and Other Creditors.

Some or all of the extra loan must have been put in in 21/22 but the related parties note must have been incorrect. The note has also changed from capital element of loan to capital and interest.

Not that easy to follow to say the least. I presume Gary Lockett will know how much the club owes him!

Remarkable how opaque a set of accounts can be. I don't think that's the intention of the requirement to produce accounts.