Borochat

Loss

By Sev28/2 07:23Fri Feb 28 07:23:21 2025

The latest accounts have been released here:

https://find-and-update.company-information.service.gov.uk/company/02901467/filing-history

Show a movement in accumulated profit and loss of minus £814,865 but I think that will include the dividend paid on 'Tifosy' shares, so more like a £740,000 loss for the year to 31 May 2024.

We don't know from these limited accounts whether the movement includes other dividends taken but my own view would be not.

The balance sheet still looks strong at just over £2m net assets.

During the year Mr Wallace put in an extra £1m by way of a share issue.

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Re: Loss

By Telboy28/2 13:40Fri Feb 28 13:40:43 2025In response to LossTop of thread

Make a loss, pay no tax.

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Re: Loss

By HitchinBoro exCalling (HitchinBoro exCalling)28/2 15:10Fri Feb 28 15:10:11 2025In response to Re: LossTop of thread

If you make a trading loss yes no Corporation Tax but you might still have a negative balance sheet but make a trading profit then CT applies.None of this alters PAY Tax _NIC or VAT which is due whatever trading result is.

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Re: Loss

By Balders (BALDOCKBORO)28/2 08:47Fri Feb 28 08:47:57 2025In response to LossTop of thread

So Phil put in a round million, and we lost 740k of it.

I assume he chucked that million in expecting to lose all or most of it.

Wonder who we targetted but didn't get for the other 260k, or whether we had that banked for goal bonuses that never got paid.

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Re: Loss

By MerseyBoro (BrummieBoro)28/2 09:54Fri Feb 28 09:54:39 2025In response to Re: LossTop of thread

There's still time for Reid to wrack up another 20 goals before the end of the season, on the training ground at least.

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Re: Loss

By AndyC28/2 08:14Fri Feb 28 08:14:45 2025In response to LossTop of thread

The balance sheet still looks strong at just over £2m net assets.

That's just Keef, right?

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Re: Loss

By Sev28/2 08:21Fri Feb 28 08:21:07 2025In response to Re: LossTop of thread

I think he's in the liabilities section.

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1 person

Re: Loss

By Chuds28/2 07:33Fri Feb 28 07:33:58 2025In response to LossTop of thread

But PW is "tight" and "always takes the cheap option", and we should spend loads of money on these magical amazing players who would definitely sign for us to get us promoted, rather than having to rely on players with injury history, are unproven, or are trying to step up from levels below, to compliment our core of middle of the road L1 players, who by their very nature are going to be reliable but unspectacular, or inconsistent.

Edited by Chuds at 07:34:49 on 28th February 2025

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4 people

Re: Loss

By SFCfox28/2 11:29Fri Feb 28 11:29:42 2025In response to Re: LossTop of thread

WallaceOUT. Enough is enough

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Re: Loss

By Freemo28/2 11:39Fri Feb 28 11:39:38 2025In response to Re: LossTop of thread

Who do you think would be able to do MasterChef that would actually want the job though?