Here you are son, this is more your level

Ill have you know that i support both clubs, and can provide written evidence!

I presume the evidence will be a note from your mum

I think both companies will file abbreviated accounts and as such won't have to declare their turnover. Retained Earnings from one balance sheet year to the next does have to be shown though so at least we'll get an official figure for profitability. A debtors figure will also appear on these accounts - both long term and short term which, compared to the current assets shown should provide an indication of liquidity.

Boys. Play nicely please or you won't have jelly and ice cream!

Perhaps they have over-evaluated intangible assets in order to achieve a tax advantage.

Have they depreciated tangibles on a reducing balance or straight line basis? and if so, has the figure been over or under-emphasised in order to deliver a more blurred image of the true financial situation?

we maynever know

Bluddy 'ell, you ARE an accountant!

Yep, it would have been nice to see the turnover figures but at the end of the day it's all about profitability. One thing that did concern me was that Halifax RL was overdue filing the Annual Return and even though this doesn't incur any penalty, it's still a tad slack.

I think Going Concern could be an issue. Will be very very interesting reading the filed accounts, albeit in abbreviated format.

Going concern? isnt that one of the accounting principles whereby it is reflected in the accounts that an entity is assumed to be in operation across the following accounting period?

Boring farts the lot of you

As freemans Fan said

The cost of everything , the value of nothing