I posted on another rlsite totalrl.comrl about our new signings.
One of the replies said this below.

[iThe new company owning the Cougars (Keighley Cougars 2010 Ltd) was supposed to file its first set of accounts on 1 September 2011 and has yet to do so. Not great.[/i

Does anyone know if this is true or not?
Should we be worried about this?

To he honest, I know nothing about this or what it means. It always worries me though when I hear things like this due to problems that have occurred before.

Should we be worried by this? I don't know, but whenever there is a positive around the club there is always some who will try and knock the club and hoping that this is nothing more than scaremongering.

Just found this through companies house wck2.companieshouse.gov.uk/b2c63 ... ompdetails

Just found this through companies house wck2.companieshouse.gov.uk/b2c63 ... ompdetails

Also limited companies must file accounts annually with Companies House

That said I do not know what the implication of filing late is. A year end set of accounts can take some time to put together in my limited experience. It is no where near the same as failing to pay taxes.
Nevertheless, I am concerned, and would willingly volunteer to help and my accounting qualification into practice.

I may be wrong about this and await confirmation but new companies as in say cougars2010 are given breathing space as such in admitting their accounts in the 1st yr or so plus whilst being a ltd company depending on size do not need to publish the details.

As said this may be wrong but is my understanding of the rules.

Whilst it clearly does not on surface look good I am assuming till otherwise confirmed by the directors/club say different that thinga are ok.

Ok, I've been reading up quickly. I can't find anything about exemptions relating to the length of time in being.

However a company can file late with agreement with companies house.
Because of their size I would expect they can submit abbreviated accounts (but should still submit something).
Because of their size they can apply for exemption from being audited (but should still submit accounts to companies house).

Basically this all means nothing, it's a little concerning but without knowing the reasons and facts it is nothing more than idle gossip.

Why are alarm bells ringing in my head?

Am I experiencing the start of some kind of déja-vu?

According to what I have just read a private company has go 21 months from date of incorporation which was 1st december 2009 to file accounts with companies house extensions can be applied for so personally not to worried although past history albeit different directors do make you wonder why its not been done.

Maybe this has also a bearing on it, note only one director registered, when this page used to show more... companycheck.co.uk/company/07091799

Maybe this has also a bearing on it, note only one director registered, when this page used to show more... companycheck.co.uk/company/07091799

I know staff at the club monitor this forum and I would urge the club to inform fans about this and Rob's departure. Whilst I fully accept and appreciate the club will not go into detail I do feel that this "uncertainty" could do with being cleared up. It could be much to do about nothing, however, without clarification people will speculate and possibly jump to conclusions. Is there a link between this issue and Rob's departure. Maybe not, but a statement from the club clarifying matters would certainly benefit me and many of the fans of here. There are still season tickets to be had and for some are an ideal present for Christmas. With his uncertainty fans may be put off so lets clear it up and get back to the many positives about the season ahead.

A couple of clubs according to Companies House Webcheck are overdue. These include Hunslet and Barrow (although i cannot be 100% sure the companies i found relate to the RLFC and not a foundation community group or something).

You get 9 months to pay your tax to HMRC/submit return to compies house from completion of accounting period.

The penalties are only small. Say they were 3 months late it would be about £750 penalty to companies house and £500 to HMRC (roughly). Not a huge deal of money. i wonder what tax the club owes? Surely in only one year of operation it would be very small....if anything. If the club ran at a loss there would be no coporation tax to pay.

I reckon it'll just be the shake up of the club etc has meant things are running behind schedule. If we were in huge financial trouble we surely wouold not be signing players, we can't get relegated next year so what would be the point?

Im not worrying at this stage, although some clarification from the club would be good. As soon as the accounts are submitted I will be buying a copy, they only cost a couple of quid.

An unpaid tax bill could explain the need for early saeson ticket sales? Also the deal was extended. I suppose the way the account dates fall could mean at the end of the season the pot of money reserved for paying tax/VAT was used on players. This is fine if you can guarnatee you get the cash back to pay on time.

Must be difficult times for all Rugby League clubs with money going out in preparation for 2012 season and virtually nothing coming in. Hence the need for people to come in put their money up now and buy season tickets and join squadbuilder. Rugby League was never a sport awash with excess cash.

The general public are not awash with cash right now.
Money is tight everywhere.