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CPFC 2010 Accounts Overdue

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bexleydave Flag Barnehurst 07 Jun 18 4.17am Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by ItsCPFCforme

Hasn't the notice to 'strike off' been removed now? That's what I heard earlier today.

No the notices have not been lifted; they won't be until we submit our accounts. FYP yesterday stupidly Tweeted that they had yesterday and then had to correct themselves subsequently.

 


Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

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bexleydave Flag Barnehurst 07 Jun 18 6.36am Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

There was an update, of sorts, from the Evening Standard yesterday. It confirms that draft accounts have been provided to the PL and that we've provided our 'top-line figures' to Deloitte for their annual review of football finances, to be published today. The only slight change is that 'technical issue' has changed to 'procedural problem' as the reason given for our failure to submit audited accounts to Companies House:

[Link]

 


Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

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Forest Hillbilly Flag in a hidey-hole 07 Jun 18 7.01am Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

I reckon someone's querying Teflon Phil's expenses.

"We've got over 500 receipts from McDonalds for Big Mac meals."

 


I disengage, I turn the page.

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Lyons550 Flag Shirley 07 Jun 18 2.30pm Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by bexleydave

There was an update, of sorts, from the Evening Standard yesterday. It confirms that draft accounts have been provided to the PL and that we've provided our 'top-line figures' to Deloitte for their annual review of football finances, to be published today. The only slight change is that 'technical issue' has changed to 'procedural problem' as the reason given for our failure to submit audited accounts to Companies House:

[Link]


Here is the review if anyone is interested

The notes on pgs 19 & 20 refer to us not having the accounts ready!

Edited by Lyons550 (07 Jun 2018 2.36pm)

Attachment: deloitte-uk-sbg-annual-review-of-football-finance-2018.PDF (3,855.20Kb)

 


The Voice of Reason In An Otherwise Mediocre World

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Goldfiinger Flag Just down the road 07 Jun 18 5.43pm Send a Private Message to Goldfiinger Add Goldfiinger as a friend

Has the club been desolved yet?

I hear Simon Jordan is readying an offer to buy the assets from the government as soon as they call time on Parish and co.

Should be any day now right?

 

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bexleydave Flag Barnehurst 07 Jun 18 6.02pm Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by Goldfiinger

Has the club been desolved yet?

I hear Simon Jordan is readying an offer to buy the assets from the government as soon as they call time on Parish and co.

Should be any day now right?

Humour's not your thing; keep the day job.

 


Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

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Bearcage Flag Welling 07 Jun 18 7.00pm Send a Private Message to Bearcage Add Bearcage as a friend

From insidecroydon.com
“the reason for the delay has been the increasingly complicated relationship between CPFC 2010 Ltd and the other companies involved with the club, including CPFC Ltd, CPFC Selhurst Park Ltd, and two other holding companies owned by Palace’s American investors.

The accounts are understood to have been with the Premier League for some time, and the delay in filing has been entirely due to the auditing process”
[Link]


Edited by Bearcage (07 Jun 2018 7.01pm)

 

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kenbarr Flag Jackson Heights, Queens, New York ... 07 Jun 18 7.06pm Send a Private Message to kenbarr Holmesdale Online Elite Member Add kenbarr as a friend

Originally posted by Bearcage

From insidecroydon.com
“the reason for the delay has been the increasingly complicated relationship between CPFC 2010 Ltd and the other companies involved with the club, including CPFC Ltd, CPFC Selhurst Park Ltd, and two other holding companies owned by Palace’s American investors.

The accounts are understood to have been with the Premier League for some time, and the delay in filing has been entirely due to the auditing process”
[Link]


Edited by Bearcage (07 Jun 2018 7.01pm)

If true, what I find weird is that with one or two differences, which are solely related to Phil Alexander being an officer (I believe he is at CPFC 2010 but not the others), the various companies have the same personnel. Perhaps it is down to how each relate to the others.

 


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Midlands Eagle Flag 07 Jun 18 7.30pm Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Bearcage

From insidecroydon.com
“the reason for the delay has been the increasingly complicated relationship between CPFC 2010 Ltd and the other companies involved with the club, including CPFC Ltd, CPFC Selhurst Park Ltd, and two other holding companies owned by Palace’s American investors.

The accounts are understood to have been with the Premier League for some time, and the delay in filing has been entirely due to the auditing process”
[Link]

I think that they are probably guessing and don't actually know any more than we do.

If the accounts haven't been signed off by the auditors I don't see what the Premier League want with them as "draft accounts" means exactly that, draft and therefore subject to change

 

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Master Coin Flag 08 Jun 18 12.01pm Send a Private Message to Master Coin Add Master Coin as a friend

The relationship between the entities shouldn’t have any bearing on ability to submit accounts and doubtful itd be a holdup for auditors (speaking as one).

I also find it mind blowing that the premier league would accept draft numbers. Nobody typically does and in my mind that either means one of three things:

1) the accounts are already audited and there is some other reason for not lodging them with CH (which would be odd and troubling)
2) they are lying about having submitted to the PL
3) they’ve submitted with a cover note from the auditors outlining where the dispute is

 

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bexleydave Flag Barnehurst 09 Jun 18 6.06am Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

It looks like the accounts have been received by Companies House as the striking off action has been discontinued. They haven't been put up yet, but we shall no doubt be able to peruse them soon:

[Link]

Edited by bexleydave (09 Jun 2018 6.07am)

 


Bexley Dave

Can you hear the Brighton sing? I can't hear a ******* thing!

"The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum)

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Southampton_Eagle Flag At the after party 09 Jun 18 2.59pm Send a Private Message to Southampton_Eagle Add Southampton_Eagle as a friend

Originally posted by bexleydave

Humour's not your thing; keep the day job.

Scaremongering is your thing though & I seriously doubt you have a day job.

 

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