Shareholders Meeting

Post Reply
FloridaPhil
Posts: 28
Joined: Wed Mar 21, 2007 9:37 am
Shareholders Meeting

Post by FloridaPhil » Fri Jan 26, 2018 8:03 am

Any useful news from anyone?

Headley Shot
Posts: 7
Joined: Wed Oct 15, 2014 10:22 pm
Re: Shareholders Meeting

Post by Headley Shot » Fri Feb 02, 2018 9:21 am

So everything’s looking peachy off the pitch too ?

abee
Posts: 6
Joined: Fri Feb 22, 2013 4:03 pm
Re: Shareholders Meeting

Post by abee » Thu Feb 08, 2018 9:30 am

The accounts for the y/e June 30 2017 have now been lodged with Companies House.

https://beta.companieshouse.gov.uk/comp ... ng-history

Swedishshot
Posts: 8
Joined: Thu Aug 02, 2012 12:33 pm
Re: Shareholders Meeting

Post by Swedishshot » Thu Feb 08, 2018 10:41 am

So seems like it's the directors who keep us going?

Ancient Shot
Posts: 46
Joined: Wed Aug 20, 2008 7:30 pm
Re: Shareholders Meeting

Post by Ancient Shot » Thu Feb 08, 2018 10:53 am

Not really a surprise

ACA
Posts: 9
Joined: Wed Jan 10, 2007 12:54 am
Re: Shareholders Meeting

Post by ACA » Thu Feb 08, 2018 10:57 am

Looks like they do put their hands in their pockets, contrary to what some on here would have you believe.

abee
Posts: 6
Joined: Fri Feb 22, 2013 4:03 pm
Re: Shareholders Meeting

Post by abee » Thu Feb 08, 2018 11:09 am

............and the directors have undertaken to continue this financial support 'for the foreseeable future '

BillB
Posts: 19
Joined: Fri Jan 12, 2007 1:04 pm
Location: Back on the road again
Re: Shareholders Meeting

Post by BillB » Thu Feb 08, 2018 11:22 am

A lot of us who have been share holders in the past, in some cases twice, are no longer..... But hey there is still a Shots FC so let's be thankful...
Red & Blue are back, but still very slow.

Wokingham Shot
Posts: 23
Joined: Wed Aug 22, 2007 12:34 pm
Re: Shareholders Meeting

Post by Wokingham Shot » Thu Feb 08, 2018 1:22 pm

Swedishshot wrote:
Thu Feb 08, 2018 10:41 am
So seems like it's the directors who keep us going?
Be very careful trying to read abbreviated accounts.

That said, I can't see where you have got that from.

The post tax loss of 116,769 appear to be funded by in part (93k) by banks and in part (33k) by director loan.

But...repeat, be very careful with these types of accounts

abee
Posts: 6
Joined: Fri Feb 22, 2013 4:03 pm
Re: Shareholders Meeting

Post by abee » Thu Feb 08, 2018 3:54 pm

Wokingham Shot wrote:
Thu Feb 08, 2018 1:22 pm
Swedishshot wrote:
Thu Feb 08, 2018 10:41 am
So seems like it's the directors who keep us going?
Be very careful trying to read abbreviated accounts.

That said, I can't see where you have got that from.

The post tax loss of 116,769 appear to be funded by in part (93k) by banks and in part (33k) by director loan.

But...repeat, be very careful with these types of accounts
The 'Going Concern' statement seems to be clear enough that the losses are supported by the directors and that they intend this to continue.

Wokingham Shot
Posts: 23
Joined: Wed Aug 22, 2007 12:34 pm
Re: Shareholders Meeting

Post by Wokingham Shot » Thu Feb 08, 2018 4:06 pm

Yes, although standard wording.
This in fact relates to future losses....going concern covers the future (from accounts date) essentially is saying that, as currently constituted, the directors will ensure the continuation of the business i.e. don't worry if the business owes you money
Please be clear, this isn't a dig at anyone....just stating my interpretation of the numbers.

steveclivebaker
Posts: 70
Joined: Mon Jul 04, 2016 9:58 am
Re: Shareholders Meeting

Post by steveclivebaker » Thu Feb 08, 2018 4:15 pm

So in plain English were we in debt last June and if so how much.

Wokingham Shot
Posts: 23
Joined: Wed Aug 22, 2007 12:34 pm
Re: Shareholders Meeting

Post by Wokingham Shot » Thu Feb 08, 2018 4:31 pm

If that question is aimed at me I am afraid I can't answer that.

steveclivebaker
Posts: 70
Joined: Mon Jul 04, 2016 9:58 am
Re: Shareholders Meeting

Post by steveclivebaker » Thu Feb 08, 2018 4:43 pm

Wokingham Shot wrote:
Thu Feb 08, 2018 4:31 pm
If that question is aimed at me I am afraid I can't answer that.
It wasn't aimed at you specificly Wokingham but anyone who can decipher those accounts
why cant they be in plain english maybe i just dont know how to interprate them.

Wokingham Shot
Posts: 23
Joined: Wed Aug 22, 2007 12:34 pm
Re: Shareholders Meeting

Post by Wokingham Shot » Thu Feb 08, 2018 4:51 pm

There isn't enough information on abbreviated accounts to really be able to interpret them without a P&L or cashflow.
As example....as at 30 June 2017 the balance sheet shows 7k cash in bank, 93k bank loan/overdraft. But, without further detail on a couple of other numbers it is very hard to read anything into it.
Equally, and I missed it first time, the going concern wording is triggered by the net liabilities. But again you can't read too much into it.
Personally....if you trusted the directors to run your club to this point, i would continue to do so.


Post Reply