Breaking News Accounts Released 2011/12

[Shrimper]

Aren't they meant to be published by now?

Unless I've missed something I don't see them anywhere.

 

[dan_mays]

Not worried just fashionably late for Southend United as usual

 

[dan_mays]

The only link recently I have found in relation to our accounts was;

http://www.echo-news.co.uk/news/local_news/southend/9814261.Blues_late_accounts_soon_to_be_filed/

 

[Firestorm]

Late to companies house.

In the past they have been late for reasons such as adjustments needing to be finalised , I wonder what the excuse is this year ?

http://www.football-league.co.uk/regulations/20120702/section-4-clubs_2293633_2125725#16

Section 16

16.2.2 clubs shall submit accounts to the FL no later than the date they should be submitted to companies house

16.6 Failure to submit, the board has the powers set out in 16.7

16.7.2 subject the club to a registration embargo.

So if they havn't gone to companies house, have they gone to the league ?

 

[Smiffy]

Just wondered if anyone had a copy of the latest accounts please?

Just curious as to what the auditors comments were and if they have improved from last years comments:

“The directors are confident the parent company will continue to provide the necessary funds to the company through its financing facilities. However, there can be no certainty in these matters. This indicates the existence of a material uncertainty which may cast doubt on the company’s ability to continue as a going concern.”

 

[Firestorm]

Just wondered if anyone had a copy of the latest accounts please?

Just curious as to what the auditors comments were and if they have improved from last years comments:

“The directors are confident the parent company will continue to provide the necessary funds to the company through its financing facilities. However, there can be no certainty in these matters. This indicates the existence of a material uncertainty which may cast doubt on the company’s ability to continue as a going concern.”

As above with the added sentence, In view of this uncertainty we consider that it should be drawn to your attention but our opinion is not qualified in ths respect.

 

[Smiffy]

As above with the added sentence, In view of this uncertainty we consider that it should be drawn to your attention but our opinion is not qualified in ths respect.

Cheers. So translated that means, the accounts look terrible and the future looks bleak. But we're just accountants so what do we know?

 

[Its Only A Game]

Cheers. So translated that means, the accounts look terrible and the future looks bleak. But we're just accountants so what do we know?

not quite......

It means that the accounts are correctly stated and that the auditors do not need to qualify the audit report,

but,

that the directors are confident that they can continue to support the company's debts but the auditors can in no way say 100% whether this is correct or not because they can't see into the future.

I'd imagine this will appear in at least 80% of lower league audit reports this year.

You should see Birminghams Audit report, one director basically wrote to the auditors saying transactions in the accounting records are incorrect.

 

[Firestorm]

Cheers. So translated that means, the accounts look terrible and the future looks bleak. But we're just accountants so what do we know?

Different meaning of qualified
When accounts are qualified it means that there is a concern serious enough to officially lodge

 

[MK Shrimper]

Just received in post.

 

[superblue24]

Just received in post.

Is that for accounts dated July 2011? Or 2012?

I've had the accounts information mailed to me from a relative, but trying to figure out how up to date they are....

 

[Firestorm]

Is that for accounts dated July 2011? Or 2012?

I've had the accounts information mailed to me from a relative, but trying to figure out how up to date they are....

The account will be to July 2011

 

[superblue24]

OK, as the copy I have shows an awful lot of debt with practically no assets....

No surprises then.

 

[Firestorm]

That could be anny of the accounts since 2000

 

[londonblue]

I wonder what the board of directors think about being associated with a company that are this late filing their accounts. It can't reflect well on them. People like Frank Van Wezel must be concerned given that he's a director/chairman of other companies.

 

[ldnfatso]

I wonder what the board of directors think about being associated with a company that are this late filing their accounts. It can't reflect well on them. People like Frank Van Wezel must be concerned given that he's a director/chairman of other companies.

I think if they are concerned at all, they would have been concerned long before now!
Of course being directors they are privy to all the clap trap that we are not!

 

[jamesmut2000]

I wonder what the board of directors think about being associated with a company that are this late filing their accounts. It can't reflect well on them. People like Frank Van Wezel must be concerned given that he's a director/chairman of other companies.

They couldn't give a toss - they're only there to keep an eye on any money they've 'invested' and are clinging on (as is Ron) to the distant hope of FF so that they might see a return (or at the least their money back).

 

[londonblue]

They couldn't give a toss - they're only there to keep an eye on any money they've 'invested' and are clinging on (as is Ron) to the distant hope of FF so that they might see a return (or at the least their money back).

I wouldn't be so sure of that. I also wouldn't assume all directors are the same.

 

[Mick]

Now available at £4.99 a go from Companies House. Think I'll wait for mine.

 

[Firestorm]

Now available at £4.99 a go from Companies House. Think I'll wait for mine.

Only a quid if you use webcheck.
Although not available for inspection yet.
I should get an automated email as soon as they are available .