Voice_of_Reason
Well-Known Member
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 ?
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.
CCFC Ltd is now liquid.
Flushed down the toilet pan to join the sewerage of dead debt!
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.
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Was in reply to That Guy. Hit the wrong thing on my phone.
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
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.
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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