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Accounts Late

Discussion in 'City Talk' started by Storck, Apr 3, 2023.

  1. Storck

    Storck Regular Starter

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  2. JonButterfield

    JonButterfield Star Player
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    Going to give the club the benefit of the doubt for now and assume it has been dealt with somehow, but that is not what we want to see.
     
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  3. Storck

    Storck Regular Starter

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    I'm not suggesting there is anything wrong and possibly just a delay by Companies House updating site but noticed it when looking for most recent accounts due to discussion about commercial income
     
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  4. Lard Arse

    Lard Arse Impact Sub
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    Last year's were posted 6th April 2022.
     
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  5. Storck

    Storck Regular Starter

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    but submitted on March 31st, so were not late
     
  6. Edin Nowhere

    Edin Nowhere Impact Sub
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    If you file accounts at companies house electronically they usually show up the same day. If you post the accounts to Companies House in paper format they are stamped the day received and then uploaded by Companies House staff to their website. This can take up to 14 working days.

    My best guess is because the accounts are way above the basic companies house disclosure as last years accounts actually had a full P&L attached they have been submitted by post and will be working their way through the system. Expect to see what you saw last year, accounts stamped by companies house prior to the deadline but uploaded in the next week.
     
  7. Asafa

    Asafa Fringe Player

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    As stated above, might just be a delay in posting.
    If they are actually overdue the club would probably face a small fine. If it happens repeatedly, the club Directors can be banned from holding their positions and the club could eventually be struck off the companies register
     
  8. SteveC

    SteveC Squad Player
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    Maybe they’ve been put on hold, along with Cooks new contract offer
     
  9. Birky Bantam

    Birky Bantam Impact Sub
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    Hopefully it is just an admin issue rather than we've been late with submitting them. If they are late then we could be placed under a transfer embargo by the EFL but that is easy enough to lift once the accounts are submitted.
     
  10. Edin Nowhere

    Edin Nowhere Impact Sub
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    I notice Huddersfield Town have applied for an extra 3 months to file their accounts as the deadline is showing up as 30th June 2023 when usually you are only given 9 months to file accounts.
     
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  11. Ulysses S Grant

    Ulysses S Grant Squad Player
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    Huddersfield are on a transfer embargo as they have yet to file their 2022 accounts. Smells like an attempt to hide FPP issues.
     
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  12. Dennis

    Dennis Captain
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    The accounts of the holding company were submitted and published on time so it would surprise me that the accounts for the club haven't also been submitted. It wouldn't be the first time that Companies House have been late in publishing the information!

    Don't hold your breath waiting for that level of detail about the club's income! For what it's worth, according to the holding company's accounts, the club made a small loss - just over £100k - for the 2021/22 season.

    On a more serious note, it's about time the EFL required all clubs, irrespective of their size, to provide full accounts and earlier than they currently do. Many clubs including our own, hide behind Companies Acts and only provide the absolute minimum of information and then only at the last minute. Maybe this is something which the Independent Football Regulator will get their teeth into to improve governance in the sport.
     
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  13. Edin Nowhere

    Edin Nowhere Impact Sub
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    The accounts were detailed to June 2021 compared to prior years.

    upload_2023-4-4_12-17-7.png
     
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  14. Edin Nowhere

    Edin Nowhere Impact Sub
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    It's worth saying that those figures are to be taken with a pinch of salt.

    The 2020 season was cancelled with about 10 games to go.

    The 2021 season was played 100% behind closed doors due to Covid.
     
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  15. Edin Nowhere

    Edin Nowhere Impact Sub
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    I'm guessing as the ownership change was filed on the 31st March 2023 the day the accounts were due, they are successfully argued with CH for an extension to filing.
     
  16. Dratsab taf

    Dratsab taf Squad Player

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    Can you not change the accounting date by a day or something which technically gives you another three months to file.
     
  17. Edin Nowhere

    Edin Nowhere Impact Sub
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    Hey don't go giving away accountant tricks, but yes you can. If you do though it is shown at companies house as a shortening of an accounting period and accounts can still be made up to within 7 days of the new year end.

    There is no such detail listed at CH, so it looks like it has been applied for which was made pretty simple since Covid.
     
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  18. andyc

    andyc Impact Sub
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    We did this actual thing when i took over the company i worked for as there was quite a few issues to sort.
     
  19. boltonroad

    boltonroad Emergency Backup

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    The 2020 season filed accounts included the Oli McBurnie transfer sell on in the football income total.

    Accounts are not late unless listed as such on the Companies House website, the key statutory date is the submission date, it can take (and does) several more days for Companies House to list them.
     
  20. Interested Bystander

    Interested Bystander Important Player
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    upload_2023-4-4_22-4-29.png
     
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    Storck likes this.

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