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Re: Well Done Fax
Post Fri Sep 28, 2018 7:59 pm
Posted by Dbvada on Fri Sep 28, 2018 7:59 pm
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Halifax1873 wrote:
I notice the accounts have been filed.
https://beta.companieshouse.gov.uk/company/06190029


I think that the new accounts show that someone probably has converted money he had provided in support to shares, given that Mr Steele was allocated big number of shares we must assume his generosity was behind this.

Frankly it’s amazing that people are willing to do this and he follows a long line of people from Gartland, Pearson, Posner and even Brooke who have stopped the club vanishing.

I’m no accountant so can someone explain why last years numbers are “restated”. It looks like a lot of debtors have vanished?
Re: Well Done Fax
Post Fri Sep 28, 2018 8:26 pm
Posted by Greg Florimos Boots on Fri Sep 28, 2018 8:26 pm
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Dbvada wrote:
I think that the new accounts show that someone probably has converted money he had provided in support to shares, given that Mr Steele was allocated big number of shares we must assume his generosity was behind this.

Frankly it’s amazing that people are willing to do this and he follows a long line of people from Gartland, Pearson, Posner and even Brooke who have stopped the club vanishing.

I’m no accountant so can someone explain why last years numbers are “restated”. It looks like a lot of debtors have vanished?


You could ask at the fans forum the club are arranging. Give you lads a chance to dig out the suits. :wink:

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Re: Well Done Fax
Post Sat Sep 29, 2018 8:20 am
Posted by Fuzzy Duck on Sat Sep 29, 2018 8:20 am
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Dbvada wrote:
I’m no accountant so can someone explain why last years numbers are “restated”. It looks like a lot of debtors have vanished?


Probably because it's the first year of adopting FRS102. Fax lost £7k for the year ended 30/11/17, and if this is based on lower "prize money" for failing to qualify for the Middle 8s in 2016 (the funding is lagged) then that's a brilliant effort. I'd like to know who the £137k "trade debtors" are - the RFL?
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