Hull recorded profits in each of the six years previous, but had seen them fall to just £29,244 in 2010.

In previous years, FC have included their players as 'intangible assets' as part of their balance sheet – placing a value of more than £1m on their squad last year.

This helped FC report net assets of £939,000 last year, but Pearson believes those figures to have been unrealistic.

"The balance sheet had been positively enhanced and the valuation that had been put on the players on the balance sheet were unrealistic," Pearson said.

"We will be reducing them over time to what is a realistic value

You really shouldn't start a row with an accountant about company accounts when you clearly don;t know what you're talking about

What bits do you think are clearly wrong?
She has yet to produce one single meaningful figure to back up her argument.

Cumulative P&L reserves in 2011 were -£2m. At the end of 2014 they were -£2.7m. The loss in that period was therefore £0.7m.
When the players are attributed a value the asset goes into intangible assets and the corresponding entry is to the revaluation reserve. It even says this in the accounts. Regardless of the movement in valuation, or even if we decided to stop valuing them, there would be no impact on the P&L. You are truly terrible at this.

Nothing on your squad for the weekend then?

Interesting about Whiting. We often have the old "won't get a place when everyone's fit" chat only for him to be called on to play in several positions. He captained the team last weekend but it does feel like there are quite a few ahead of him now.

Think the addition of Washbrook will limit Whiting's game time as he can cover a number of positions also. Would love to be proved wrong by Rich once again though!

Indeed, it happens every year. In addition Tank/Mini/Manu and Washy we also have Hadley, Yeaman and a couple of academy players pushing through. Sure he'll end up covering fullback at some point, seems to do that at least once a year.

How is he at hooker?

Laughable

You you are saying that a company can just get rid of £1.6million pounds worth of assets without having to show an entry for the same figure on the P&L accounts.

Who is the £2nillion debt owed to that Pearson took on? Bank or does he owe the Hetheringtons the amount in unpaid directors loans.

All of it. You clearly don't have a clue what you're talking about

Go and look up the difference between cumulative losses and current liabilities

Oh Dear.

So let me get this right....

Despite having the financial acumen of a toddler, you took it upon yourself to go to companies house and pay £2 to see Hull's (your rival, not the team you follow) latest financial statements?

You then interpret them, badly, and run to your rivals message board to deliver your iffy conclusions.

Good work Keith.


ps. A P&L Reserve isn't a debt.

Barista does it all the time
I have read that she evens counts rival teams buses passing the Humber bridge on their way out of Hull

She doesn't live in hull. You should stick to dog bothering and leave the finance side to someone else

Or just stick to your forum and,make a fool or yourself there

What does FC's finances have to do with the derby?

Nothing just the usual ing contest involving the usual suspects.

Keen as I am to hand out a ban (for his own protection) can we keep this on topic please?

Ta.

Do we envisage the "Hawaii 50" theme tune or The seven dwarfs "hi ho hi ho" being played over the stadium sound system on Sunday?

Does anyone know how many tickets have been sold? would love to see a decent sized crowd even though it's a friendly.

The Tank: www.loverugbyleague.com/news_206 ... -rock.html

The Tank: www.loverugbyleague.com/news_206 ... -rock.html

I am looking forward to the game, it seems like ages. Hopefully a good run out and no injuries, really looking forward to the new guys playing particularity Frank and Fonua.

I was speaking to a player last week and he said watch out for Sneyd this year, said he has been great in training and has been working really hard on certain areas of his game.

The team was great in training all last season! I'll wait and judge for myself

Heard Sneyd mentioned a few times now for same thing. Sika name checked him within a day of getting here. Hope his role has changed more than him changing tbf. I'd like to see less of him n Pryce controlling sides and more of him first man where ever and let pryce inject himself as and when

Classic example of someone who doesn't know what they are talking about.

£1.6m of intangible was crearte, not purchased separately.

Dr intangibles
Cr REVALUATION RESERVE.

This reserves goes directly to the equity (shareholders fund) section of the Balance sheet and completely avoids the P/L ac

You are confusing accumulated losses with a debt (liability to pay out). The £2m of losses were not liabilities, but the result of all profits less losses from incorporation to that point in time. Since that point in time those losses have increased by a further £0.7m

It really is that simple.