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Post by phillistine on Jul 11, 2021 11:42:05 GMT
Trading loss down to just over £2.4 million and debts from over £15 million to £ 1.835 million.
May have been an aweful season football wise but overall the club looks healthier than it has done in many a year
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Post by rovers5charlton5 on Jul 11, 2021 11:45:26 GMT
A lot of reasons to be positive about the future of the club.
In Wael we trust.
UTG
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Post by Deleted on Jul 11, 2021 11:45:52 GMT
Trading loss down to just over £2.4 million and debts from over £15 million to £ 1.835 million. May have been an aweful season football wise but overall the club looks healthier than it has done in many a year Don't forget these accounts are up to June 2020 so do not include last season. Great to see the liabilities drastically reduced. |
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Post by wertongas on Jul 11, 2021 11:49:15 GMT
Wael said he had paid our debts off and of course invested money in the Quarters, all those that doubted him will hopefully shut up their moaning and go away. If JCH is sold then sell on money received would mean our debts would be close to disappearing as they would have done if there wasn't a lock down. Well done Wael you good as saved this club from a worrying situation.
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Post by phillistine on Jul 11, 2021 11:50:00 GMT
Trading loss down to just over £2.4 million and debts from over £15 million to £ 1.835 million. May have been an aweful season football wise but overall the club looks healthier than it has done in many a year Don't forget these accounts are up to June 2020 so do not include last season. Great to see the liabilities drastically reduced. i accept that and last years trading results will be terrible but the reality is that the doubters who tried to undermine Wael when last years accounts were published have been proven to be wrong. |
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Post by axegas on Jul 11, 2021 12:28:03 GMT
Don't forget these accounts are up to June 2020 so do not include last season. Great to see the liabilities drastically reduced. i accept that and last years trading results will be terrible but the reality is that the doubters who tried to undermine Wael when last years accounts were published have been proven to be wrong. Not that they’ll have the decency to admit it mind. |
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Post by southbristolgas on Jul 11, 2021 13:12:05 GMT
Well done to Wael and Co lucky to have him especially through these recent tough times 👏
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Post by baggins on Jul 11, 2021 13:24:47 GMT
Well done to Wael and Co lucky to have him especially through these recent tough times 👏 The fake sheik? The no money owner? The guy with no ambition who's only after a quick sale for profit? |
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Post by Deleted on Jul 11, 2021 13:47:58 GMT
Don’t ruin my day with an accounts thread please.
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Post by baggins on Jul 11, 2021 13:50:06 GMT
Don’t ruin my day with an accounts thread please. Unless the accounts show you can purchase beer and a take out tonight |
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Post by cheamgas on Jul 11, 2021 13:56:33 GMT
Trading loss down to just over £2.4 million and debts from over £15 million to £ 1.835 million. May have been an aweful season football wise but overall the club looks healthier than it has done in many a year Need to be careful when quoting on financial matters. The accounts filed are for Bristol Rovers Football Club Limited. The main accounts which need to be considered are the consolidated accounts for Bristol Rovers (1883) Limited. As of a few minutes ago when I checked these had still not been filed. The debt with Dwayne Sports is in this latter company as well as the main asset of the Memorial Stadium. Even then it is always difficult to get an accurate detailed assessment of the full current financial position just from a set of filed historical audited accounts and especially so without specialist accounting knowledge (I am a recently retired global accounting expert, international auditor, forensic investigator and a current shareholder in Bristol Rovers (1883) Limited). |
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Post by baggins on Jul 11, 2021 13:58:00 GMT
Trading loss down to just over £2.4 million and debts from over £15 million to £ 1.835 million. May have been an aweful season football wise but overall the club looks healthier than it has done in many a year Need to be careful when quoting on financial matters. The accounts filed are for Bristol Rovers Football Club Limited. The main accounts which need to be considered are the consolidated accounts for Bristol Rovers (1883) Limited. As of a few minutes ago when I checked these had still not been filed. The debt with Dwayne Sports is in this latter company as well as the main asset of the Memorial Stadium. Even then it is always difficult to get an accurate detailed assessment of the full current financial position just from a set of filed historical audited accounts and especially so without specialist accounting knowledge (I am a recently retired global accounting expert, international auditor, forensic investigator and a current shareholder in Bristol Rovers (1883) Limited). Any news on the sausage rolls? |
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Post by Dirt Dogg on Jul 11, 2021 18:23:00 GMT
Wael bashers eating humble pie.
Thank you El Presidente!
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Post by stuart1974 on Jul 11, 2021 18:29:08 GMT
Wael bashers eating humble pie. Thank you El Presidente! I highly doubt it. There will be enough wriggle room in the figures to find something. |
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Post by bluegas on Jul 11, 2021 18:46:06 GMT
Wael bashers eating humble pie. Thank you El Presidente! I highly doubt it. There will be enough wriggle room in the figures to find something. I haven't seen them and I wouldn't understand them if I did, but no doubt they show we're on the brink of administration or some other financial disaster. |
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Post by phillistine on Jul 12, 2021 7:55:22 GMT
Trading loss down to just over £2.4 million and debts from over £15 million to £ 1.835 million. May have been an aweful season football wise but overall the club looks healthier than it has done in many a year Need to be careful when quoting on financial matters. The accounts filed are for Bristol Rovers Football Club Limited. The main accounts which need to be considered are the consolidated accounts for Bristol Rovers (1883) Limited. As of a few minutes ago when I checked these had still not been filed. The debt with Dwayne Sports is in this latter company as well as the main asset of the Memorial Stadium. Even then it is always difficult to get an accurate detailed assessment of the full current financial position just from a set of filed historical audited accounts and especially so without specialist accounting knowledge (I am a recently retired global accounting expert, international auditor, forensic investigator and a current shareholder in Bristol Rovers (1883) Limited). Thank you for the comment. In the past the accounts of the 2 limited Companies have more or less been mirror images of each other. why do you believe that will change now? i accept your points about historical audited accounts but they are all that is available in the public arena which will allow potential suppliers or creditors to make decisions re the viability of any company and so they are important. The entire system is in fact potentially flawed as it often relies on the accuracy and honesty of internal accounting procedures to provide information to the auditors. People with specialist accounting knowledge can get it wrong. |
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Post by cheamgas on Jul 12, 2021 11:53:51 GMT
Need to be careful when quoting on financial matters. The accounts filed are for Bristol Rovers Football Club Limited. The main accounts which need to be considered are the consolidated accounts for Bristol Rovers (1883) Limited. As of a few minutes ago when I checked these had still not been filed. The debt with Dwayne Sports is in this latter company as well as the main asset of the Memorial Stadium. Even then it is always difficult to get an accurate detailed assessment of the full current financial position just from a set of filed historical audited accounts and especially so without specialist accounting knowledge (I am a recently retired global accounting expert, international auditor, forensic investigator and a current shareholder in Bristol Rovers (1883) Limited). Thank you for the comment. In the past the accounts of the 2 limited Companies have more or less been mirror images of each other. why do you believe that will change now? i accept your points about historical audited accounts but they are all that is available in the public arena which will allow potential suppliers or creditors to make decisions re the viability of any company and so they are important. The entire system is in fact potentially flawed as it often relies on the accuracy and honesty of internal accounting procedures to provide information to the auditors. People with specialist accounting knowledge can get it wrong. The 1883 accounts are the only ones that will give the real indication of the external debt (including that owed to Dwayne Sports). I note that a note entered by Companies House today on its website has indicated that these accounts have now been filed and will be available to view within the next ten days. I try not to get drawn into an analysis of the accounts as, for me, they usually throw up more questions than answers (and yes having signed audit reports on far larger companies than Bristol Rovers you are correct in that specialist accountants and auditors do get things wrong). There are others on here prepared to give a technical review (eg Swiss - who I have always found to be technically accurate). However, in our current situation where we are reliant on Wael for his financial support, I differ from Swiss in that I do not think that is helpful to get into a public debate especially on technical matters where comments are invariably misunderstood or mis-interpreted. Also at the end of the day any views that Swiss may have are unlikely to be supported by the the vast majority of fans or change how Wael runs the club. |
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Post by baggins on Jul 12, 2021 12:07:56 GMT
Wael bashers eating humble pie. Thank you El Presidente! Great band. |
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Post by curlywurly on Jul 12, 2021 14:59:16 GMT
BRISTOL ROVERS (1883) LIMITED
Company number 04501223
Date (document was filed at Companies House)
12 Jul 2021
Description (of the document filed at Companies House)
Group of companies' accounts made up to 30 June 2020
*This document is being processed and will be available in 10 days*
...ooh the excitement!
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Post by baggins on Jul 12, 2021 15:09:19 GMT
BRISTOL ROVERS (1883) LIMITED Company number 04501223 Date (document was filed at Companies House) 12 Jul 2021 Description (of the document filed at Companies House) Group of companies' accounts made up to 30 June 2020 *This document is being processed and will be available in 10 days* ...ooh the excitement! Swissgas in 3...2...1 |
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