Sports Shield BWFC Ltd - LIQUIDATED

BoltonTillIDie · **151** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 09:30

BoltonTillIDie

Nat Lofthouse

Posts : 13498
Join date : 2012-07-19
Age : 43
Location : Halifax

Ten Bobsworth - don't let Kane get his wish and drive you away from here.

Kane57 · **152** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 09:37

Kane57

Tony Kelly

Posts : 649
Join date : 2013-01-31

I have no interest in him leaving - I find him very entertaining. If he goes it's his own choice.

Sluffy · **153** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 10:42

Sluffy

Admin

Posts : 23638
Join date : 2011-12-29

Ten Bobsworth wrote:

Kane57 wrote:

Ten Bobsworth wrote:

Kane57 wrote:He's certainly a character. Plus i believe this place is the last one before he's banned from everywhere.

Are you ever truthful about anything, Manning? I have never had any difficulty with the administrators of any site but have kicked three into touch because I can't be bothered dealing with slimeballs like you.
We'll haveto see about this one but maybe a few Nutters are beginning to see you for what you are.

Every word I've said about you is true.

I think you have been exposed as a serial liar, Manning, who can never be relied upon to tell the truth about anything.
Note for Sluffy. How long are you going to allow Manning to carry on like this?

I think Glos and BTID have already answered you before I read your message.

In the whole history of Nuts we've only permanently excluded two members (apart from spam accounts) which kind of shows that we are about as tolerant of everyone as we can - which allows a fair and frank exchange of views and hopefully prevents any 'clique' developing of how we must think and act, with anyone not doing so being excluded.

Maybe this 'openness' might scare off the most timid of posters but I don't doubt for one second that you are that type and can easily deal with others on an internet forum.

I for one wouldn't wish you to leave but won't be banning Mr Manning solely so you will stay.

Chris himself says in the post above that he wants you to remain.

You've entertained and informed us royally in your brief stay so far - and you may or may not have gathered that Mr Manning is not universally loved by everyone on here (I'm probably his biggest fan by far on Nuts - I think many having similar (but less extreme) views of him as you!).

I don't know who you are (apart from the name Chris has stated) and frankly I don't care. I've no interest in what's gone on between you both prior to Nuts and have asked you both to leave your previous baggage with each other at the Nuts front door when entering here - and requested that you are civil to each other whilst posting.

It would make Nuts that much poorer for us all if you did choose to go but I send my best wishes and good luck to you if you do decide to leave us.

Very much hope you don't though!

Very Happy

Ten Bobsworth · **154** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 10:47

Ten Bobsworth

Frank Worthington

Posts : 3197
Join date : 2017-08-17

I'm sorry Sluffy but I want nothing to do with, Manning (or anyone of his ilk), so I have no choice. I sent a request for the closure of my account an hour or so ago.

wanderlust · **155** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 10:57

wanderlust

Nat Lofthouse

Posts : 22908
Join date : 2012-01-12

Ten Bobsworth wrote:

wanderlust wrote:

Ten Bobsworth wrote:

wanderlust wrote:

Ten Bobsworth wrote:I hope members will forgive me for not commenting previously on the SportsShield BWFC Ltd (dormant?) balance sheet.

Accepting that the ten bob invested in Burnden Leisure is too small to register, where is:
1.The loan from BluMarble
2.The loan to BWFC
3. The interest and charges both ways

How can it be dormant when it has bought shares and both borrowed and loaned money? Or have these transactions been recorded in some other name?

Because it's a balance sheet i.e. a snapshot of the value of the club at a particular point in time.
This balance sheet was obviously produced after the shares and other assets were disposed of presumably to the liquidators - like a final bank statement after you've closed the account.

Now if you want the story of the ins and outs and what went on over e.g. the last year, you'll be needing a P & L and the previous financial statements to compare against.

Sorry old pal, but the balance sheet is, in this case, a statement of the position of the company at 31 December 2016. Btw I am now well into my fifth decade as a qualified chartered accountant

Apologies. In that case I'm stumped because Deano borrowed the money and bought club shares in February 2016 (approx) so the only thing I can think of is that by the end of the year the shares etc had been shifted into another entity - leaving a zero balance.
To check this we'd still need a P&L/CFF for the period as you know. Would that be now available at Companies' House? It would be a damned sight more useful to get an insight into what happened than the published Balance Sheet.

Its not the shares I'm talking about. They only cost ten bob. Its the £5million BluMarble loan that's missing and the £4million loan to the club that was paid out of it. Both were outstanding then and still are. That's why the case was in court this week

Small companies btw are not required to publish P&L accounts and even balance sheet info is limited to basics.

Ken filed a dormant balance sheet too. I don't think that was technically correct but not much happened in that company other than the ten bob investment so I wouldn't lose much sleep over that one.

I believe the turnover threshhold for small business eligibility has risen to over £10 million these days so apologies - there is indeed no requirement to publish if the loan (in) and subsequent payment (out) were the only transactions so if I understand this right I suppose we can't really expect to see any more which is a shame as publication would have put an end to the speculation which seems to be causing issues on here and elsewhere.

Whatever the situation, I still think that despite the liquidator having a responsibility to get the highest possible price for the shares in order to maximise payment to the creditors (BM) the fact that club assets were used as collateral worries me as it provides an easy option if buyers for the shares aren't going to come up with the full whack.

Given KAs aggressive move on Deano last year (taking shares in lieu of further investment that Deano couldn't come up with) it wouldn't surprise me if KA tried to buy the shares himself to further consolidate his control of the club.

Leeds_Trotter · **156** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 11:00

Leeds_Trotter

El Hadji Diouf

Posts : 2017
Join date : 2013-01-13
Age : 32
Location : Leeds

I dislike Manning too, but I won't leave just because he's on here. We are all adults at the end of the day, we can all post on here despite our difference of opinions. That is what a forum is for after all.

Guest · **157** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 11:01

Guest

Leeds_Trotter wrote:I dislike Manning too, but I won't leave just because he's on here. We are all adults at the end of the day, we can all post on here despite our difference of opinions. That is what a forum is for after all.

Hes obviously a wetwipe.

Natasha Whittam · **158** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 11:01

Natasha Whittam

Nat Lofthouse

Posts : 34087
Join date : 2012-01-04
Age : 40

Ten Bobsworth wrote:I'm sorry Sluffy but I want nothing to do with, Manning (or anyone of his ilk), so I have no choice. I sent a request for the closure of my account an hour or so ago.

Ha ha, it's not Netflix or British Gas.

Guest · **159** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 11:01

Guest

Natasha Whittam wrote:

Ten Bobsworth wrote:I'm sorry Sluffy but I want nothing to do with, Manning (or anyone of his ilk), so I have no choice. I sent a request for the closure of my account an hour or so ago.

Ha ha, it's not Netflix or British Gas.

Kane57 · **160** Re: Sports Shield BWFC Ltd - LIQUIDATED Tue Aug 29 2017, 11:03