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| Quote ="dally messenger"no the nature of the liabilities is crucial
directors loans arent proper debts.
what are Hull FCs debts like ?
im sure st helens have large directors loans too
its a non issue'"
Depends if the direcor concerned is prepared to lose their money which they have loaned. Unless you know that for a fact, then they are very much real debt.
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| Anyway, I don't know what you're moaning about really, we haven't even got to the "my dads bigger than your dad" part yet!
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| This Dally chaps a bit of a thicky i must say.
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| Quote ="Mild mannered Janitor"Depends if the direcor concerned is prepared to lose their money which they have loaned. Unless you know that for a fact, then they are very much real debt.
'"
much like every other SL club which has directors loans.
why dont other SL clubs have similar stories ...
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| Quote ="Barry Clegg 2nd"This Dally chaps a bit of a thicky i must say.'"
when wakey get relegated next time think of me
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| Quote ="The Devil's Advocate"The potential of Manchester!
Is that like the potential of London?
Potential doesn’t pay the wages.
Finances! Check the thread, I don’t think Wakey have the problems of H.K.R.'"
yeah exactly like the potential of london.
thats why such a poor london team continues in SL.
the RFL will be way more lenient on a club with expansion potential like salford than wakey
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| Quote ="HULLMAD"Hull KR were offered the chance to play at the KC and they declined ....any decisions regarding the stadium are not made by the council they are made by the SMC.'"
so the SMC make the decision?
thats not what was said above.
why would SMC owners turn down another paying tennant?
does council not want to make a better return on its asset and hence encourage more tenants?
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| Quote ="dally messenger"much like every other SL club which has directors loans.
why dont other SL clubs have similar stories ...'"
They do, when their finances are published, directors loans are included in the debt figure. Why should HKR be treated any different from ANY OTHER COMPANY, not just RL clubs?
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| Quote ="captaincaveman"wakefield are planning a new stadium'"
4th time lucky eh?
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| Quote ="Mrs Barista"If they will never crystallise, why not waive them and reflect the adjustment in the accounts? Wigan had an amount owed to one of Lenegan's company that was written off in 2008 and disclosed as such.
Total of £1.4m thanks. They were £2.4m in 2004 but have reduced signifcantly after 5 years of profit.
Indeed, as do virtually all RL clubs. Saints do have the advantage of a £8.1m freehold asset also.'"
when you write off a debt like that you have to pay tax on it.
wigan probably did it beause the club was sold to an outside party and it was part of cleaning up the books.
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| Quote ="Mild mannered Janitor"Sorry your post is absolute nonsence.
To use a recently used quote, your post is "written by someone with a basic knowledge of accounting and a little else"
Either repayment MUST be made within a 12 month period or there has to be some formal agreement for deferrment, which on the basis they are still current, would not appear to be the case.
The Article concerned is about as factual as you can get. It clearly states the date the accounts relate to and accuratly quotes figure from the accounts submit to companies house.
In short, you post was a pointless waste of effort.
'"
i put money into my company as a directors loans.
its shown as a current liability meaning in theory its payable in 12 months.
thats about as far as the newspaper researched, which is hardly.
unless the debts are owed to parties outside the club, or unless directors want their money back this story is zilch
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| Quote ="dally messenger"so the SMC make the decision?
thats not what was said above.
why would SMC owners turn down another paying tennant?
does council not want to make a better return on its asset and hence encourage more tenants?'"
Here, try this:
There's a section in there on comprehension, ask a grown up to read it to you
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| Quote ="Mild mannered Janitor"The same as they are currently!
Do you think there is a warehouse full of rovers fans waiting for a new stadium before they go again? rovers have done well in exploiting their SL status to grow their fan base, AND YET THEY STILL LOSE MONEY HAND OVER FIST
rovers have been on the up for the last 4 season. I am sure we will see the true loyalty of some of these new found fans (not the 2500-3000 hardcore who stuck with them in the barron years) when thing really go pear shaped during the coming season
'"
if KR moved just their derby game to the KC, that would be a full house rather than 12,000 at craven park ie 12,000 more fans.
12,000 more fans / 12 home games or around that is an increase in the crowd average of the club by 1000.
games against the bigger yorkshire clubs could get more than 12,000 capacity of Craven park
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| Quote ="dally messenger"so the SMC make the decision?
thats not what was said above.
why would SMC owners turn down another paying tennant?
does council not want to make a better return on its asset and hence encourage more tenants?'" As was said earlier the pitch is only good for a certain amount of games. The people who own the SMC also own Hull City hence they don't want another team damaging the pitch. The council basically have nothing to do with the stadium.
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| Quote ="Mild mannered Janitor"
No set of financial statements will tell you that.
That being said its not difficult to guess who / what the current liabilities will include. There will be a fair amount of VAT owing to HMRC. There will be a fairly large amount of PAYE / NIC payable. There will be a certain amount of deferred income from season ticket sales for future matches. On the basis of the East stand extention, there will be a fair amount of monies owning for its construction. There will inevitably be a degree of directors loans. Going on past performance, you know that historically hkr have been very slow payers to their creditors leading to some small companies and business being put into their own financial difficulties, there will be a fair amount of smaller creditors who historically rovers have treated very poorly.
'"
your guesses contain more info than was in the newspaper article.
financial statements do tell you the break up of assets and liabilities.
they come with a set of notes attached which break down the current assets / liabilities, non current assets / liabilities into their larger components
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| Quote ="dally messenger"if KR moved just their derby game to the KC, that would be a full house rather than 12,000 at craven park ie 12,000 more fans.
12,000 more fans / 12 home games or around that is an increase in the crowd average of the club by 1000.'"
No chance.
Unless you are saying in effect it would be another Hull FC home game with Rovers fans in the North Stand. Rovers haven't the fans to fill the West Stand never mind the East and South as well.
Anyway it's not going to happen so it's a pointless discussion.
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| so the other 5,000+ fans that turn up on derby day are from where? There is always pelnty of Rovers fans in teh East and South stand not to mention the neutrals that turn up for the "occasion" (who wouldn;t want to see Rovers win another derby game?)
As said its a mute point as A) Rovers fans don;t want it B) Financially it wouldn't be worth much by the time you have paid the SMC fees and lost other game day revenues and C) we'll leave plastic stadiums for plastic clubs thanks!
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| Quote ="dally messenger"
they come with a set of notes attached which break down the current assets / liabilities, non current assets / liabilities into their larger components'"
Not in abbreviated accounts they don't.
Why not spend a few £ on downloading the readily available accounts from Companies House, get someone to read them to you and then come back and give us all the breakdown? So far a couple of qualified accountants on the Hull board and the HDM have failed to find this breakdown information.
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| Quote ="cod'ead"Not in abbreviated accounts they don't.
Why not spend a few £ on downloading the readily available accounts from Companies House, get someone to read them to you and then come back and give us all the breakdown? So far a couple of qualified accountants on the Hull board and the HDM have failed to find this breakdown information.'"
well newspaper articles shoudnt be based on abbreviated accounts should they?
from what i read in the link the person that wrote the article sure didnt look further than the abbreviated accounts.
as i said, its a case of poor 1st year accounting
if the paper wants a more accurate analysis they should pay me to look at them and ill write a more accurate article
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| Quote ="dally messenger"well newspaper articles shoudnt be based on abbreviated accounts should they?
from what i read in the link the person that wrote the article sure didnt look further than the abbreviated accounts.
as i said, its a case of poor 1st year accounting
if the paper wants a more accurate analysis they should pay me to look at them and ill write a more accurate article'"
The abbreviated accounts are all that's available for a company with the turnover of an RL club.
You ought to stop pretending that you know what you're talking about. It's just making you look foolish.
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| I dont know what the hell you accountants are talking about, but it sure aint too appealing a topic to investigate!
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| This thread is as dead a dead thing on dead day.
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