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June 19 2019 6.39pm

CPFC 2010 Accounts Overdue

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View Nobbybm's Profile Nobbybm Flag Dartford 30 May 18 10.54pm Send a Private Message to Nobbybm Add Nobbybm as a friend

I’m no accountant, but I know man who is (an auditor).

When I asked he said the most likely reason he could deduce from what’s in the public domain is that the club has financially restructured in a fundamental way.

In November 2016 a finance deal was struck with Barclays against ‘future income’. Whilst some of this may been used for the January 17 window, there has been considerable turnover generated since. That financial arrangement was settled in February 18 (& Barclays charge against the club removed) so the Club has found the funds from within somehow or other. If this restructure was extremely complex it may take the auditors a considerable amount of time to unravel it all before signing off. Even then, all parties need to be in agreement & sign it off

Papers have been submitted according to a confirmation document but these were clearly not the audited accounts, albeit it might be the draft.

The change in governance consultants may not have helped as it is they who would submit on the club’s behalf.

 


Will this be five? It's gonna be five! It IS five!

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View Midlands Eagle's Profile Midlands Eagle Flag 31 May 18 6.28am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by mileend


It could be complete incompetence but I think that is very unlikely. So it points to financial shenanigans behind the scenes with big discussions taking place between the owners and the finance people.

My first thought was simply that the owners wanted to see what division we were in and then more precisely what position we finished so they could establish our approximate financial position in 2018. With likely profits this year then a more favourable tax position could be possible with how much profit (or loss), is declared in the 2017 results.

Then as discussed in the thread it does seem reasonable that there is going to be a sorting out of the structure of the four companies that are mentioned above and restructuring these was taking up the time.

There is also the funding for the new stand to consider. Have the Americans actually put in their cash already? Perhaps for the January 2017 left back buying bonanza? Or was the deal that they would put in the cash when the planning for the new stand was approved? Since that consent also coincided with the end of the financial year it could well be part of what is being discussed.

Of course we have no idea and no way of finding out but since the new season is far away and the transfer rumours are totally hopeless because everyone is on holiday what else are we supposed to speculate about?

Your reasons don't take account of the fact that the accounts that need to be filed are for a period ended eleven months ago and therefore have nothing to do with the current position or next season's anticipated income.

I wonder what Parish's response will be once the media latch onto the lack of accounts

 

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View Sg Bilko's Profile Sg Bilko Flag Deurne Holland 31 May 18 6.37am Send a Private Message to Sg Bilko Add Sg Bilko as a friend

Originally posted by bexleydave

There only one person on this thread that needs to do some research. Now you can go and have another long sulk.

There you go, these two posts firstly from "Mileend" then from Nobbybm confirm what i said in my previous post, they are obviously better informed than you are, why stir up mischieve with inacurate misinformation, even with the remaining half a braincell you do have you could easily have found the info i found and posted a positive thread for once.

Are you actually a Palace fan or a Charltom/Millwall, or even dare i say it a Brighton supporter, as every post i've seen of yours is so anti Palace, you dont ever have anything good or positive to say about the club.

It's half wits like you that are the reason i rarely even look on Hol anymore.

 

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View Sg Bilko's Profile Sg Bilko Flag Deurne Holland 31 May 18 6.43am Send a Private Message to Sg Bilko Add Sg Bilko as a friend

Originally posted by Midlands Eagle

Your reasons don't take account of the fact that the accounts that need to be filed are for a period ended eleven months ago and therefore have nothing to do with the current position or next season's anticipated income.

I wonder what Parish's response will be once the media latch onto the lack of accounts

do you really think that if there was any cause for concern over this, the media especially "TalkSport" would have been all over this months ago, plus THE FA and Premier League would have been all over Palace like the preverbial rash, it's a BullS**t story with no substance.

 

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View Midlands Eagle's Profile Midlands Eagle Flag 31 May 18 6.44am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Sg Bilko

There you go, these two posts firstly from "Mileend" then from Nobbybm confirm what i said in my previous post, they are obviously better informed than you are, why stir up mischieve with inacurate misinformation,

Why are you cherrypicking the posts that you wish to believe as Mileend, Nobbybm and yourself are all wrong and bexleydave is correct whether you like what he says or not

 

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View Midlands Eagle's Profile Midlands Eagle Flag 31 May 18 6.46am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Sg Bilko

do you really think that if there was any cause for concern over this, the media especially "TalkSport" would have been all over this months ago, plus THE FA and Premier League would have been all over Palace like the preverbial rash, it's a BullS**t story with no substance.


It isn't a story ss it's cold hard facts. Perhaps Talksport haven't noticed anything amiss. Shall I contact them and tip them the wink and then see what they say?

 

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View bexleydave's Profile bexleydave Flag Barnehurst 31 May 18 7.15am Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by Sg Bilko

There you go, these two posts firstly from "Mileend" then from Nobbybm confirm what i said in my previous post, they are obviously better informed than you are, why stir up mischieve with inacurate misinformation, even with the remaining half a braincell you do have you could easily have found the info i found and posted a positive thread for once.

Are you actually a Palace fan or a Charltom/Millwall, or even dare i say it a Brighton supporter, as every post i've seen of yours is so anti Palace, you dont ever have anything good or positive to say about the club.

It's half wits like you that are the reason i rarely even look on Hol anymore.


I see you're working yourself up for another two year flounce

In your absence we've tended to favour debate over pointless personal insults, so perhaps you should get with the programme.

 


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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View bexleydave's Profile bexleydave Flag Barnehurst 31 May 18 7.31am Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by Midlands Eagle

Your reasons don't take account of the fact that the accounts that need to be filed are for a period ended eleven months ago and therefore have nothing to do with the current position or next season's anticipated income.

I wonder what Parish's response will be once the media latch onto the lack of accounts

Accounts are a snapshot in time and should accurately portray the financial position at the end of the accounting period (in this case 30 June 2017). Any subsequent supposed restructuring that may or may not be currently taking place is irrelevant.

I've also seen suggestions that we may be stalling because we don't want Croydon Council to know how much money we have until the Mayor has signed off on the redevelopment. The amount of profit/loss we made almost a year ago will have no effect on the infrastructure improvements the council will require us to make.

Whatever the reason for the delay, and your earlier suggestion that the auditors are refusing to sign off the accounts for some reason is more likely than any others I've read, it doesn't show us in a very good light and frankly makes us look dodgy, when I'm sure we aren't.

 


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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View bexleydave's Profile bexleydave Flag Barnehurst 31 May 18 7.36am Send a Private Message to bexleydave Holmesdale Online Elite Member Add bexleydave as a friend

Originally posted by Midlands Eagle

It isn't a story ss it's cold hard facts. Perhaps Talksport haven't noticed anything amiss. Shall I contact them and tip them the wink and then see what they say?


I'm surprised that the media haven't yet picked up on this, especially our detractors like Talk Sport, as it's on the BBS and NSC as well as here. Possibly they're waiting to see if the notice is published in the London Gazette or they're holding fire pending a comment from the club?

 


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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View Sg Bilko's Profile Sg Bilko Flag Deurne Holland 31 May 18 8.09am Send a Private Message to Sg Bilko Add Sg Bilko as a friend

Originally posted by Midlands Eagle


It isn't a story ss it's cold hard facts. Perhaps Talksport haven't noticed anything amiss. Shall I contact them and tip them the wink and then see what they say?

Whatever, this was first posted on here on 22-04-2018, nearly 6 weeks ago, if there was anything amiss do you really think it would have been missed or overlooked, because I don’t.

 

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View babylonjohn's Profile babylonjohn Flag camberwell 31 May 18 8.26am Send a Private Message to babylonjohn Add babylonjohn as a friend

It seems fairly obvious that they are restructuring their finances in advance of the new stand build and the injection of the us money. Unless the bed wetters on here are sitting on the board they will not be privy to the way this is done.

 

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View Midlands Eagle's Profile Midlands Eagle Flag 31 May 18 8.51am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by babylonjohn

It seems fairly obvious that they are restructuring their finances in advance of the new stand build and the injection of the us money. Unless the bed wetters on here are sitting on the board they will not be privy to the way this is done.

What has that to do with the non filing of the statutory accounts?

 

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