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Company Accounts
Post Wed Sep 19, 2018 2:17 pm
Posted by Dbvada on Wed Sep 19, 2018 2:17 pm
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Can someone from the club please explain why the accounts due on 31 August have not been sent to Companies House?

If have heard two different stories as to why this is the case and it would be nice to know if it’s simply an error or problem with the clubs past. (The accounts are those to 30/11/17)
Re: Company Accounts
Post Wed Sep 19, 2018 2:31 pm
Posted by Beaujangles on Wed Sep 19, 2018 2:31 pm
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If you look back it's been explained.
Re: Company Accounts
Post Wed Sep 19, 2018 2:37 pm
Posted by Fax Machine on Wed Sep 19, 2018 2:37 pm
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Dear faxfans.co.uk thread “Well done Fax”,

The Board was made aware this afternoon of post within this thread regarding the year end accounts and I would like to take a moment of your time to explain the planned delay.

As you will be aware the RFL metrics for ROI change after the 8s fixtures and due to this change, the board and I took the decision to accept a late penalty which we will personally pay because of the financial structural changes the club requires to meet its new obligations – we are as an example; completing 2 year ends in tandem along with substantial fiscal forecasting which (a) is a RFL requirement (b) meets the new ROI metrics and (c) provides the board and stakeholders with a longer term view. I personally agreed this format with the BoD, our staff, stakeholders and the accountants who needed to prepare the documents, who are working diligently to a tight schedule.
I wish, we had 9 months to prepare the 2nd set of ROI metrics but the RFL only gave the Championship and League 1 clubs the revised EBITDA formula for ROI, 6/7 weeks ago.

I hope this brief update helps.
Best wishes and on behalf of the Halifax RLFC board,
Christian”
Re: Company Accounts
Post Wed Sep 19, 2018 2:46 pm
Posted by griff1998 on Wed Sep 19, 2018 2:46 pm
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Poor stuff.

If you shorten the accounting period by a day, you get an extra three months to file.

Too late for that now.
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Re: Company Accounts
Post Wed Sep 19, 2018 4:29 pm
Posted by Dbvada on Wed Sep 19, 2018 4:29 pm
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I’m not an accountant so no idea if realistic or not. But would have thought accounts for ten months ago would be sorted months ago.
Re: Company Accounts
Post Wed Sep 19, 2018 6:19 pm
Posted by Norman Bates on Wed Sep 19, 2018 6:19 pm
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FFS
Re: Company Accounts
Post Sun Oct 14, 2018 11:32 am
Posted by Fax Machine on Sun Oct 14, 2018 11:32 am
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Full accounts were posted on 28/9/18

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