Recent content by AnAspiringAccountant

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    UK Extra gain on sale...

    Think I've found the answer to this- at least for the FFP/P&S Regs. Also something in the EFL divisional rules below the Championship about how Revaluation Reserves don't count towards profit. Now I always thought, FWIW- by evidence of this thread- that to include the Revaluation Reserve as an...
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    Finally it has come to a conclusion!! @Fidget you might be interested- hope you are well. 2nd bit is the Written Reasons themselves for the agreed decision. https://www.efl.com/news/2021/november/efl-statement-derby-county/...
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    Into administration! Minus 12 points for that- the automatic deduction as per EFL Regs voted on by clubs years ago. As for the EFL and FFP issues, well with admin it's unlikely the 2019 or 2020 accounts will see the light of day any time soon, but the latest talk is...and this is separate to...
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    Seems that Derby were due to submit to the EFL their Revised and Restated Accounts last Wednesday- so 18th August 2021. These Accounts related to the financial years to 30th June 2016, 30th June 2017 and 30th June 2018. Unsure how the company above, Sevco 5112, fits into all of this. I...
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    UK Extra gain on sale...

    PPS- it's interesting that Stephen Pearce- Derby CEO who was a Club Rep on the Board should claim this within the last month or two in the Disciplinary Process...I say was, he stood down to focus on Derby but his position likely fairly untenable- interesting he should be talking like this...
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    UK Extra gain on sale...

    May as well also add, the Reserves transfer and the original Revaluation back in 2007... Revaluation back in December 2007, hence the Revaluation Reserve- the owners at that time purchased the Club in 2007 hence the Revaluation of Assets. Land and Buildings also includes Training Ground and...
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    UK Extra gain on sale...

    Listening to Kieran Maguire's podcast on Derby, and the like. They are under EMBARGO- but an incidental issue. Bit more on this... Did a bit of digging into this and it states that a gain on Revaluation under FRS 102 can be recognised in Profit and Loss to the extent that it reverses a prior...
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    ...May 11th it came out that Derby had been found Guilty. This went quiet for a while and then on June 24th... ...The EFL took the extraordinary and unprecedented step of releasing an 'interchangeable fixture list' for Derby and Wycombe- one in the Championship and one in League One...
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    You might be interested in it, @Fidget to reiterate, glad to see you back! Now...it's developed since....it rolls on!
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    UK Extra gain on sale...

    Thank you and that was in accordance with my thinking from further reading...surprise surprise, it is/was Derby proposing this. Unsure they will get it through FFP/P&S- seems opportunistic/desperate to say the least...the reasons as to why it is opportunistic and desperate I'll post about on...
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    UK Extra gain on sale...

    Extra gain on sale. Interested in the correct Accounting Treatment here. Unusual to say the least!?
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    Accounting Article on it... https://www.accountingweb.co.uk/business/financial-reporting/arbitrator-red-cards-derbys-amortisation-policy Not in accordance with FRS 102?? Which bit is more accurate- not in accordance with FRS 102 or inadequate disclosure?
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    UK EFL Amortisation Appeal- EFL vs Derby (again)!

    Hi @Fidget I hope you are well also. EFL have won their appeal- though the Devil still very much in the detail! https://www.bbc.co.uk/sport/football/57068040 https://www.efl.com/news/2021/may/efl-statement-derby-county https://www.dcfc.co.uk/news/2021/05/club-statement-efl-v-derby-county...
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    UK Do Loans count as profit?

    Especially as it seems quite clear from here that the liability is current...yet the 2020 Accounts- ie the ones that came out in April 2021. Note under "Other Debtors", that the Other Loans Receivable is still 56.7m- how can that be for a "Current Liability". Current means within 12 months...
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    UK Do Loans count as profit?

    May as well add a bit on this. The NSWE Stadium Accounts came out a bit later- that was the company who purchased Villa Park. This was for the period to May 2019. As we can see, this 56.7m in Tangible Assets went across and the Creditors were listed as Falling due within one year. What I...
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