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Post by Deleted on May 1, 2017 13:06:23 GMT
What? Banksys well into it.
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Post by Topper Gas on May 1, 2017 16:17:53 GMT
Not anti just sat on the fence, whilst it looks negative nonsense unfortunately it's the true state of affairs as far as the club accounts are concerned, it's over to Weal to now deliver on his promises. It's not a true state of affairs at all. It's what you say is a true state of affairs based on your mangled misunderstanding of the latest financial statements which is wrong for the reasons Minehead had already illustrated. No, that what the latest accounts showed and there was no suggestions within those accounts by the Chairman any debt were being paid off, if my understanding is wrong then show me the evidence which suggests that's the case. At best we'll break even this season so unless the ALQ's have changed track and started writing off the debts they won't have reduced.
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Post by Slide away on May 1, 2017 16:27:14 GMT
It's not a true state of affairs at all. It's what you say is a true state of affairs based on your mangled misunderstanding of the latest financial statements which is wrong for the reasons Minehead had already illustrated. No, that what the latest accounts showed and there was no suggestions within those accounts by the Chairman any debt were being paid off, if my understanding is wrong then show me the evidence which suggests that's the case. At best we'll break even this season so unless the ALQ's have changed track and started writing off the debts they won't have reduced. Those accounts were for the financial year ended June 2016, the Al Q's would have been in place for a few months! Also, there is nothing factual to suggest that the debt debtor isn't internal I.e Dwane Sports?
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Post by swissgas on May 1, 2017 17:16:18 GMT
No, that what the latest accounts showed and there was no suggestions within those accounts by the Chairman any debt were being paid off, if my understanding is wrong then show me the evidence which suggests that's the case. At best we'll break even this season so unless the ALQ's have changed track and started writing off the debts they won't have reduced. Those accounts were for the financial year ended June 2016, the Al Q's would have been in place for a few months! Also, there is nothing factual to suggest that the debt debtor isn't internal I.e Dwane Sports? The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings.
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Post by knowall on May 1, 2017 17:40:41 GMT
Those accounts were for the financial year ended June 2016, the Al Q's would have been in place for a few months! Also, there is nothing factual to suggest that the debt debtor isn't internal I.e Dwane Sports? The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. So that is the annual return - and the Financial Statements?
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Post by Topper Gas on May 1, 2017 17:54:58 GMT
No, that what the latest accounts showed and there was no suggestions within those accounts by the Chairman any debt were being paid off, if my understanding is wrong then show me the evidence which suggests that's the case. At best we'll break even this season so unless the ALQ's have changed track and started writing off the debts they won't have reduced. Those accounts were for the financial year ended June 2016, the Al Q's would have been in place for a few months! Also, there is nothing factual to suggest that the debt debtor isn't internal I.e Dwane Sports? What does it matter where the debt lies when in June 2016 BRFC1883 owed somebody nearly £10m, and unless the ALQ's have suddenly become charitable since June 2016 that debt, more or less, is still owed by the club.
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Post by swissgas on May 1, 2017 17:58:13 GMT
The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. So that is the annual return - and the Financial Statements? In Jersey there is no requirement to make the financial statements public.
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Post by Topper Gas on May 1, 2017 17:58:33 GMT
Those accounts were for the financial year ended June 2016, the Al Q's would have been in place for a few months! Also, there is nothing factual to suggest that the debt debtor isn't internal I.e Dwane Sports? The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. Isn't the £4 just the cost to the public to purchase a copy of the accounts, or is it just a coincidence that's also £4? www.jerseyfsc.org/registry/documentSearch/NameDetail.aspx?Id=306465So who's got £8 to waste downloading the 2016 & 2017 accounts??
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Post by swissgas on May 1, 2017 18:12:23 GMT
The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. Isn't the £4 just the cost to the public to purchase a copy of the accounts, or is it just a coincidence that's also £4? www.jerseyfsc.org/registry/documentSearch/NameDetail.aspx?Id=306465So who's got £8 to waste downloading the 2016 & 2017 accounts?? There are 2 x £1 shares issued to Equiom Nominees (No1) Jersey Limited and 2 x £1 shares issued to Equiom Nominees (No2) Jersey Limited.
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Post by Deleted on May 1, 2017 18:23:57 GMT
Cannot for the life of me understand why people on here are fighting amongst themselves over what debt are club has at the moment under our new owners. One things for sure as far as I am concerned our present imcumbants are not likely to saddle our club with Wonga loans of the kind they inherited fourteen months or so ago. It would seem to me that some are intent on trying to discredit our Jordanian owners for the benefit of OTIB, rather than embracing the fact that they are the best thing to happen to our club for many a long year. UTG!
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Post by LJG on May 1, 2017 18:24:23 GMT
The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. Isn't the £4 just the cost to the public to purchase a copy of the accounts, or is it just a coincidence that's also £4? www.jerseyfsc.org/registry/documentSearch/NameDetail.aspx?Id=306465So who's got £8 to waste downloading the 2016 & 2017 accounts?? My goodness. Your ability to assume things based on total misunderstanding is astounding.
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Post by knowall on May 1, 2017 19:06:15 GMT
So that is the annual return - and the Financial Statements? In Jersey there is no requirement to make the financial statements public. exactly - so you know absolutely nothing - suggest you stop trying to be Mr Big
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Post by Henbury Gas on May 1, 2017 19:08:51 GMT
In Jersey there is no requirement to make the financial statements public. exactly - so you know absolutely nothing - suggest you stop trying to be Mr Big Like your name tag, you think you know all, in fact you know very little, like everybody on here
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Post by swissgas on May 1, 2017 19:13:44 GMT
In Jersey there is no requirement to make the financial statements public. exactly - so you know absolutely nothing - suggest you stop trying to be Mr Big Are you suggesting the Annual Return is incorrect and that Dwane Sports Limited is capitalised at more than £4.00 ?
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Post by Henbury Gas on May 1, 2017 19:24:02 GMT
exactly - so you know absolutely nothing - suggest you stop trying to be Mr Big Are you suggesting the Annual Return is incorrect and that Dwane Sports Limited is capitalised at more than £4.00 ? I'm not sure they will understand the word "suggesting"
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Post by oldgas on May 1, 2017 19:42:11 GMT
None of us know f all about the club debts, Dwain Sports debts or the debts of any other facet that makes up the whole of Bristol Rovers.
The club has been taken over by the Al Quadis, a respected Jordanian business and banking family.
What we do know is that they conduct themselves in a conservative and professional manner. They keep their cards close and are the antithesis of flash.
I am prepared to put my trust in them until they give me reason to do otherwise.
Those who come on here spouting about debt, where its held, how it's being serviced etc etc etc know 9/10ths of f all squared, and ought to stop boring the rest of us with their pseudo knowledgable ramblings.
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Post by gasify on May 1, 2017 20:10:44 GMT
Those accounts were for the financial year ended June 2016, the Al Q's would have been in place for a few months! Also, there is nothing factual to suggest that the debt debtor isn't internal I.e Dwane Sports? The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. If you fund a company through share capital it's quite difficult to get those funds back. However if you fund with low share capital and simply loan the company say £10m then when that company next has cash available then that loan can be taken back out tax free. There is nothing about the share capital to be concerned about. However, the fact is that accounts show that money is owed.
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Post by yategas78 on May 1, 2017 20:16:52 GMT
The March 2017 Annual Return for Dwane Sports Ltd shows the issued share capital of the company is £4.00 (4 shares x £1.00) So the £10 million credit facility which Dwane Sports Ltd has provided to Rovers must be sourced from outside borrowings. If you fund a company through share capital it's quite difficult to get those funds back. However if you fund with low share capital and simply loan the company say £10m then when that company next has cash available then that loan can be taken back out tax free. There is nothing about the share capital to be concerned about. However, the fact is that accounts show that money is owed. I didn't realise we have so many accountants supporting us!🤑
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Post by Deleted on May 1, 2017 20:23:48 GMT
If you fund a company through share capital it's quite difficult to get those funds back. However if you fund with low share capital and simply loan the company say £10m then when that company next has cash available then that loan can be taken back out tax free. There is nothing about the share capital to be concerned about. However, the fact is that accounts show that money is owed. I didn't realise we have so many accountants supporting us!🤑 Must be very reassuring for our owners!
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Post by gasify on May 1, 2017 20:52:26 GMT
If you fund a company through share capital it's quite difficult to get those funds back. However if you fund with low share capital and simply loan the company say £10m then when that company next has cash available then that loan can be taken back out tax free. There is nothing about the share capital to be concerned about. However, the fact is that accounts show that money is owed. I didn't realise we have so many accountants supporting us!🤑 Nah, I'm a lion tamer.....
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