There is no Record loss after all according to SADARSE

[P/T Indie]

What's the financial year that this will cover?

Are we alwaysa year behind so the accounts published won't include all this seasons low crowds, re arranged tue night games etc

[KenH]

What's the financial year that this will cover?

Are we alwaysa year behind so the accounts published won't include all this seasons low crowds, re arranged tue night games etc

The company year end is 31 May so basically matches the season. The last published accounts were for 31/5/14 which showed a lower loss, which I think is because of the income from the Wolves and Newcastle cup run. The ones due at the weekend are for the 14/15 season, year end 31/5/15, where we had no cup run and crowds continued to fall, so a bigger loss is highly likely. The current year, ending 31/5/16 will again show a large loss because crowds are even lower, fewer Saturday home matches, no cup run, and no ground sponsorship, but they won't be published until Feb 17!

[Gone_Shrimping]

Just been on Companies House site and we have today filed a form shortening the financial year end from 31 May 2015 to 30 May 2015. In future 30th May will be our financial year end.

Speaking as an accountant I am unsure why the financial year should have been adjusted by just 1 day.

[KenH]

Just been on Companies House site and we have today filed a form shortening the financial year end from 31 May 2015 to 30 May 2015. In future 30th May will be our financial year end.

Speaking as an accountant I am unsure why the financial year should have been adjusted by just 1 day.

Very strange indeed, but looking at the Co House website, by doing so, it appears to have pushed back the filing deadline to 24 May, whereas previously, the filing deadline was this weekend. So it looks as if they've done it to create an extension to the filing window, i.e. to delay the publication of the accounts. The only reason I can think for this is that the accounts show a very poor position that they want to avoid making public for as long as possible. A poor set of accounts may increase pressure on the club because creditors (suppliers and banks etc) may withdraw credit facilities and want faster payment if the club's credit score is downgraded (as would be usual upon the publication of a poor set of accounts!). Oh dear! Another question for the fan's forum?

[Gone_Shrimping]

Just been on Companies House site and we have today filed a form shortening the financial year end from 31 May 2015 to 30 May 2015. In future 30th May will be our financial year end.

Speaking as an accountant I am unsure why the financial year should have been adjusted by just 1 day.

Very strange indeed, but looking at the Co House website, by doing so, it appears to have pushed back the filing deadline to 24 May, whereas previously, the filing deadline was this weekend. So it looks as if they've done it to create an extension to the filing window, i.e. to delay the publication of the accounts. The only reason I can think for this is that the accounts show a very poor position that they want to avoid making public for as long as possible. A poor set of accounts may increase pressure on the club because creditors (suppliers and banks etc) may withdraw credit facilities and want faster payment if the club's credit score is downgraded (as would be usual upon the publication of a poor set of accounts!). Oh dear! Another question for the fan's forum?

Since I went on earlier today 3 more forms have been filed all in relation to charges being satisfied which on the face of it sounds like good news. The last charge relates to Omega Holidays land at Westgate.

Just had a further look at the Charges section at Companies House. One of the Charges that was satisfied today was in relation to The Professional Footballers Association which dated back to June 2013. I assume this relates to the PFA lending the money for wages in the Summer of 2013 when rumours were rife about administration.

[MfcChris]

The ones due at the weekend are for the 14/15 season, year end 31/5/15, where we had no cup run and crowds continued to fall, so a bigger loss is highly likely.

No crowds didn't continue to fall at all. Average attendance for 14/15 was higher than 13/14 but don't let facts get in the way of a point.

[RedRedWine]

So do our last set of filed accounts include the Sky TV money from Newcastle & Wolves Carling Cup fixtures? How much money was that worth to the club? £200k?

[Posh]

Pardon my absolute stupidity, but what is "Loss of fixture copyright income" ??

I genuinely don't know....

Did we used to receive a fee for the Pools companies using our fixtures etc ? Not sure myself.

I will see if any of the old profit and loss accounts reflect this income or is it buried in sundry income.

If any company published fixtures for any purpose - pools, betting, media, BBC etc. then they paid the Football League a royalty as if they were using someone else's copyright. The income to the Football League from all over the world was tens of millions. At some point it was challenged in court by one of the payers and the court deemed that fixtures could not be the subject of copyright and that all organisations were free to publish without payment.

Morecambe received about £40k a year for these rights, which they now no longer get. The problem was that no one at the Football League told the clubs (allegedly) and they just got a shock when they received no payment for something they'd banked on.

[Keith]

As Posh says:

Do you remember, up until a couple of years ago, there was always a 'warning' on here about not posting all our fixtures, only linking to a web site that had copyright? This is why we had to do that.

[Gone_Shrimping]

Probably o/t but just looked on Companies House for Accrington Stanley. They have just filed their accounts for the year ended 31 May 2015 and they show a Loss of £370,000. However since that date they have been taken over by new investors.

[RedRedWine]

Until it's official the above are all bullocks posted by someone who has nothing to do better with their sad little life..,other than to constantly find fault with our club.

Seems that person did know what they were talking about.

A director of the club shook his head and started laughing when I showed him this post about 20 minutes ago.

Is he still laughing?

Some accountants said this:

Speaking as an accountant , I would be surprised if any loss could have climbed to £900k

The average attendance for 14/15 was actually higher than 13/14 and playing budget was lower, so if anything our loss should be slightly lower at around £400k.

Think you need to rename the tread title again Keith.

[halftimeresults]

Mr Potatohead is full of wind

[halftimeresults]

Also please don"t change the thread title Keith without my permission. If it breaks SV rules just get rid of it

[BerlinWaller]

It doesn't look good for the people who are in the know and for the self proclaimed voice of the fans!

[halftimeresults]

Yeah it seems Mrpotatohead has been mugged off by his director friend

[RedRedWine]

I like the new thread title.

Can somebody post a picture of Christies Child sticking fingers in his ears?!?

[Westgate Wanderer]

Has Mrpotatohead gone to ground?

[mrpotatohead]

No I'm here, however things are ''dealt with'' by the Owner of the club is up to him, as he is the owner of the club, the size of the loss is imaterial if, for example, ''somebody'' who was owed money by their own business was going to write off the debt when they sold it.