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2005 financial report

Discussion in 'Molineux Mix Archive' started by holloholloway, Nov 22, 2006.

  1. Del Woppio

    Del Woppio Guest

    I hope to never hear the question again. Cheers for that Hollo.
     
  2. A full set of accounts. Juicy :)

    It'll take a bit of absorbing and will be worth comparing to the figures released by the club a few months ago.
     
  3. Looks fine to me. Written loads of those before, but obviously not for the Wolves! Nice to see they managed to file them at companies house with 1 day to spare. That was a bit tight Mr Skirrow!
     
  4. Visage Wolf

    Visage Wolf Guest

    Indeed. The only thing in there that would raise eyebrows is the mysterious income we got from a commercial contract signed in 2001, but I think that was mentioned a while back.

    Alternatively I could scream '9 MILLION QUID PROFIT - WHY AY WE BOUGHT ROONEY?'
     
  5. Wivey Wolf

    Wivey Wolf Guest

    Weren't these put up on here and discussed a couple of months ago? Can't be arsed to search at the moment, should be checking up on some tax equalisation issues...
     
  6. could well have been - they were filed on 30 March so have been in the public domain since then. Nothing groundbreaking in there at all really
     
  7. PabloWolfo

    PabloWolfo Guest

    After thoroughly going through these accounts with a fine tooth comb*, I can conclude that;

    1, The contrast was set too high on the photocopier
    2, Not all sheets were laid out properly in the above mentioned photocopier
    3, Not once in the document was there a small meat and two veg, drawn in biro.

    * I'm not on about the fleshy, red outgrowth on top of a chicken's head.
     
  8. They look like all Companies House downloads - rubbish copier quality.
     
  9. Wivey Wolf

    Wivey Wolf Guest

    Compared to most Companies House downlaods, this is High Definition, ie you can actually read it...
     
  10. ...and it is of the Company you ordered, and from the right year

    $$$$ service, I find
     
  11. god that thread was utter bilge
     
  12. Visage Wolf

    Visage Wolf Guest

    Yup.

    I especially like the way that HIGHLANDER effectively says 'I dont know anything about accountancy, but these figures obviously show that SJH is taking money out of the club'......
     
  13. Wivey Wolf

    Wivey Wolf Guest

    He'll go a long way in HM Revenue and Customs with taht sort of attitude...
     
  14. UNCLE REMUS

    UNCLE REMUS Guest

    Yes they were.

    and they're eighteen months out of date.
     
    Last edited by a moderator: Nov 22, 2006
  15. derbyrameater

    derbyrameater Just doesn't shut up

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    So we have accounts for Wolves 1986. at the end it says immediate parent Co wolves 1990 , then Parent Co Wend, then Wend controlled by the Haywards. As an ordinary pleb who did not go to accountancy school, can you people in the loop please inform me whether these accounts are for all the above Companies or just 1986.
     
  16. nimrod

    nimrod Has a lot to say

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    Just the accounts of 1986 co.
     
  17. Ogerp

    Ogerp Just doesn't shut up

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    Was that something to do with:
    2005
    Other creditors .........£2,458,759

    2004
    Other creditors..........£2,636,524

    ?
     
  18. derbyrameater

    derbyrameater Just doesn't shut up

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    So Ogerp, does this mean, to get an accurate picture of the accounts we need to see the accounts for these other companies?
     
  19. ma77smith

    ma77smith Senior Member

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    Why would SJH want to take 180K from the club? thats like me picking up 5p off the floor - couldn't even be arsed.
     
  20. no

    1986 is the operating company that actually runs the club. The others are holding and property companies that will be even less exciting to read. All things like transfer activity and debtors / creditors go through 1986.

    These accounts aren't 18 months out of date. 1986 has a financial year to 31 May. They are legally obliged to file accounts by 31 March the next year.

    The accounts for the year to 31 May 2006 will appear in March next year. This is how it works, and all companies take their time. Accounts don't write themselves and the highly-paid irritating gits called auditors have to have their play with them too.
     
  21. nimrod

    nimrod Has a lot to say

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    I'd just add that the 1986 accounts had no cashflow, so the holding company accounts should be more informative than the 1986 ones.
     
  22. didn't they? Hadn't spotted that. Well - profits are declared to be reinvested and there is no dividend to pay out so that's the money in. Transfer activity is declared in the accounts, as are wages and other expenses, debtors and creditors

    from that a net cash inflow / outflow should be calculable. I assume that there is a cash at bank figure there in the balance sheet as a starting to point so it could be figured out.
     
  23. Bill McCai

    Bill McCai Just doesn't shut up

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    When will people just accept that not only is Hayward taking money out of the club, he is stealing the turf from the pitch. When Dave Beasant was on loan, SJH stole his cap and replaced it with an inferior cersion which led to it falling off in the Bolton FA Cup game. That crime cost us about £10m in Cup winning fees, European qualification etc. He also steals the King Size Kit Kats when the game has ended and serves them up to his poncey mates in the VIP section.
     
  24. derbyrameater

    derbyrameater Just doesn't shut up

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    According to that article in the Guardian (the link was on here a few weeks ago) Deadly didn`t to bad at taking money out of Villa and you could argue he didn`t need it either..
    Paddington I will bow to your knowledge of accountancy (I`m not taking the Pizza) I suppose the point I was trying to make but not having the knowledge to put it as succinctly as Nimrod is that by looking at all the accounts a broader picture can be seen. ie not everything is itemised in the 86 accounts so if you looked at the other accounts some of it might pop up there, after all isn`t that what accountants do? know how to use the rules to move money around to the benefit of the company owners and auditors are to keep them in check (a bit like a guardian angel)..
    The world of big business through the eyes of the not so well informed, innit..
     
  25. UNCLE REMUS

    UNCLE REMUS Guest

    Most Companies have 9 months to present their accounts to Companies House (Companies Act 1986 part 7, incorporated into the Companies Act of 1989). All Companies don't take their time a lot of companies present their accounts promptly. Such is the nature of the modern business world.

    To me and I am only a simple man the accounting reference date of the 31st May 2005 is 18 months ago. Any set of accounts are merely a "Photograph in Time" of the state of a company at particular a date. Any known problems or contingent liabilities known by the Auditorsf rom the period end until the completion of the audit will be shown in the notes at the front of the accounts or a note will be made in the accounts.

    In those 18 months there has been another year end and we are half way through the financial year ended 31st May 2007.So the last set of figures that we are discussing are for a period that ended 18 months ago.

    Horse, Stable, Door, Bolted.

    In that period anything can, could or will happen.
     

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