martinwildbull wrote:Just so you know, PEST -NEG, theres a sweep stake on how many posts it takes FA to get you to do a post that is a whole page long. Keep going mate, I am still in for the prize, a season ticket at Odsal. Errr...
it is not just RL clubs that put in abridged accounts, it is most small companies (and lets face it C and C1 clubs are whatever our delusions of grandeur, just that.
I have looked at Spirits accounts, and creditors less than a year went down from £1m in Jan 2013 to £0.7M in 2018, the 2013 is after Glove took £800k hit on his companies loan to Wakie. More interestingly, between the '17 accounts and the '18 accounts creditors over 1 year for 2017 (look at the original 2017 accounts and then their re-statement for the comparative in the 2018 accounts) have gone down by £1.4M and a line called "other reserves" has appeared of yes £1.4m. Any observations? Someone turned a repayable loan into a permanent one? Who would make such a loan? Creditors over 1 year were £0.7k in 2013, so they had gone up by £0.8M in the four years. Looks like a build up of a loan over that time as you would expect them to go down not up over that time. the adjustment between creditors and reserves smells of write-off. One good sign is the increase in cash in the bank over those years from £33k in 13 to £143k in '18.
Anyway, that is just to show that whilst I know little about Wakies trial and tribulations, Wakie are still around despite the '13 crisis, and the net worth of the business in '18 is about £1.2m more than it was in 2013. Not bad, but who has £1.4m to write off?
Given that CB has now pulled out from the consortium TBH we are not particularly interested in Wakey's accounts anymore mate. Apologies if we may have sought to give the impression that we may be some form of accounting gurus, but we leave that to our Accountant, who is out of the country at present. Your input is nonetheless as always warmly appreciated.
As well as your accounting prowess, which you always like members to know about, we also thank you for your apparent Wakey Wakey insight. Do you fancy coming over to Dewsbury for a year or so to help the club out by a) doing the accounts - somebody needs to do lol, and b) donating a spare £2M you may have in your closet to help partly bail us out!
As for your childish remark c/o FA with respect you appear to be embarrassing yourself by becoming associated with such nonsense. As a moderator FA should know better. After all, you must now surely realise that FA's recent post beggars belief and truly was utter tosh. His (and certain other cynical members) banal utterances are simply water off a duck's back to us nesteggers.
