Otium Accounts - late ? More points deducted ? (3 Viewers)

[Voice_of_Reason]

Am I correct is thinking that late filing of accounts creates a transfer embargo and further points deduction ? Late filing is against Football League rules and I believe Otium is late filing it's accounts ?

 

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[SonOfSnoz]

great, any lower?

 

[Deleted member 4232]

Heard somewhere the accounts don't need to be filed whilst in the hands of the administrator or in our current case, liquidator.

 

[Otis]

Yep, heard that too.

 

[Gray]

if giving accounts late counts as a points deduction then its minus 60 points for us!

 

[Skybluecraig]

But otium isn't in the hands of an administrator or liquidator, is it? That's ccfcl

 

[SuperCov]

Yep because CCFC LTD is no longer in admin apparently. However, has CCFC LTD actually been put into liquidation yet tho? Surely we're still in admin? Complete farce.

Sent using Tapatalk 2

Was in reply to That Guy. Hit the wrong thing on my phone.

 

[SonOfSnoz]

CCFC Ltd is now liquid.
Flushed down the toilet pan to join the sewerage of dead debt!

 

[Jack Griffin]

16 Clubs' Financial Records

16.1 All Clubs shall keep their financial records in accordance with the provisions of The Football Association Rules and the Executive may arrange for an inspection of all such books.

16.2 Each Club shall submit a copy of its Annual Accounts (as defined in Regulation 16.3 below) to the Executive, but in any event:

16.2.1 by no later than 1st March following the end of the financial year to which those Annual Accounts relate (in the case of a Championship Club); or

16.2.2 by no later than the date on which the Club is required to file its accounts at Companies House (in case of League One and League Two Clubs).

16.3 For the purposes of this Regulation 16, Annual Accounts means the annual accounts in respect of the Club's most recent financial year (such accounts to be prepared and audited in accordance with applicable legal and regulatory requirements) together with a copy of the directors' report for that year and a copy of the auditors' report (if any) on those accounts.

16.4 If the Club considers it appropriate, or the Executive so requests, the Annual Accounts required to be submitted in accordance with Regulation 16.2 shall relate to the Group of which the Club is a member.

16.5 Where a Club relies on any statutory and/or regulatory exemptions such that the Annual Accounts are either abbreviated in nature or unaudited the Club shall within 14 days of any request provide to the Executive such additional information as the Executive deem appropriate. Any information request will ordinarily be limited to information that would be disclosed if the Club was required to prepare annual accounts under the provisions of Section 396 of the 2006 Act and The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (as may be amended or replaced from time to time) other than the requirement to have an audit report prepared.

16.6 The Board shall have the powers set out in Regulation 16.7 if:

16.6.1 the Club has failed to submit to the Executive the Annual Accounts as required by Regulation 16.2;

16.6.2 the Club has failed to submit to the Executive Annual Accounts for the Group where requested by the Executive in accordance with Regulation 16.4; and/or

16.6.3 the Club has failed to submit to the Executive any additional information as required by Regulation 16.5, to the Board's satisfaction.

16.7 The powers referred to in Regulation 16.6 are:

16.7.1 to require the Club to provide such further information as the Board shall determine and for such period as it shall determine; and

16.7.2 subject the Club to a registration embargo such that it shall not be permitted to register any Player with that Club without the prior written consent of the Executive until such time as the breach identified by Regulation 16.6 has been rectified in its entirety to the Board's satisfaction.

No companies in CCFC group of companies has submitted accounts for last financial year and that includes Otium which was formed several years ago.

Name & Registered Office:
OTIUM ENTERTAINMENT GROUP LIMITED
SKY BLUE LODGE LEAMINGTON ROAD
RYTON ON DUNSMORE
COVENTRY
ENGLAND
CV8 3FL
Company No. 07612487

Status: Active
Date of Incorporation: 21/04/2011

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC):
64209 - Activities of other holding companies not elsewhere classified
93120 - Activities of sport clubs
Accounting Reference Date: 31/05
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 21/01/2013 OVERDUE
Last Return Made Up To: 21/04/2013
Next Return Due: 19/05/2014

 

[Skybluecraig]

My point is that otium is a completely different company. Is not and never has been in admin or liquidation. Yet!

 

[Deleted member 4232]

CCFC Ltd is now liquid.
Flushed down the toilet pan to join the sewerage of dead debt!

The amazing fuel for regressing GDP's.

 

[Deleted member 4232]

Yep because CCFC LTD is no longer in admin apparently. However, has CCFC LTD actually been put into liquidation yet tho? Surely we're still in admin? Complete farce.

Sent using Tapatalk 2

Was in reply to That Guy. Hit the wrong thing on my phone.

Good point.

 

[Jack Griffin]

Checking on Companies house Coventry City Football Club (Holdings) Ltd (Company No. 00094305 formed 1907) seems to be reverting to name Coventry City Football Club (The),

Coventry City Football Club Ltd is no longer listed on WebCheck, but if you use company number you get this.

Name & Registered Office:
COVENTRY CITY FOOTBALL CLUB LIMITED
Company No. 03056875

Insolvency Events
Number of Cases: 1
Case Number: 1 (of 1 cases)
Case Type: IN ADMINISTRATION
Admin. Start Date: 21/03/2013

Case Number: 1
Case Type: IN ADMINISTRATION

Practitioner name: APPLETON, PAUL ROBERT
Practitioner address: 26-28BEDFORD ROW, LONDON, WC1R 4HE
Practitioner name: KATZ, STEPHEN MARK
Practitioner address: 26-28BEDFORD ROW, LONDON,WC1R 4HE

 

[Bluegloucester]

Has anyone looked at Otium's latest annual return, would be interesting to see who the shareholders are. On mobile so can't do it myself.

 

[deanocity3]

Has anyone looked at Otium's latest annual return, would be interesting to see who the shareholders are. On mobile so can't do it myself.

sconset capital LP is parent company
subsidiary is ccfc holdings
only 2 shareholders
2 directors tim and mark

 

[Grendel]

Am I correct is thinking that late filing of accounts creates a transfer embargo and further points deduction ? Late filing is against Football League rules and I believe Otium is late filing it's accounts ?

Hate to tell you but the clubs only points deductions have occurred due to ACL and their deplorable actions.

 

[Chipfat]

The 70 mill debt, relegation and the general mismanagement is down to all them at Council hall and ACL telling Joy how the run a football club!!!!...

You persist in looking in one direction never place blame on the biggest offenders in this whole mess. And no matter level of blame which all parties share,the debt, standard of player and general day to day decision making can only be put at one parties door....