Re: Fund accounts 2016 - Late again!!!

by Equity 06.02.18 10:47

Accounts made up to March 2017 are available:

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by Equity 06.02.18 10:52

There is a provision in the accounts to pay their lawyer Isabel Duarte £51,000.

That should please people who believed their donations were to 'search for Madeleine'.

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by Verdi 06.02.18 11:56

Other creditors include costs which relate to work which was carried out by the Portuguese advocate, Isable Duarte over a number of years relating to the libel action brought by Gerald and Kate McCann against the discredited Portuguese detective Goncala [sic] Amaral (over claims made in his book), his publishers and the firm that produced a television documentary and the subsequent DVD. The libel action reached the Supreme Court in Portugal with judgement [sic] given against Gerald and Kate. The case has been referred to the European Court of Human Rights ("ECHR") on an application submitted by the advocate's firm, IDLei.

The ECHR will provide a written judgement [sic] on the case, the timescale of which is not currently known.

Page 5

Bravado and delay tactics?

by NickE 06.02.18 12:04

"Fixed assets investments" £582,090.

Is that property investments?

by MayMuse 06.02.18 20:53

Good grief, how can they get away with this, it is outrageous.
A search fund for Madeleine McMoney! ?

Sickening.

As for discredited Mr Amaral... how very dare they!

I concur the ECHR is all about delaying tactics.. have they no shame?

by **sharonl** 06.02.18 22:09

Interesting.

Available funds of £713,000 of which £547,000 are restricted funds yet there are fixed asset investments of £582,000

In other words, the restricted funds are largely tied up in a fixed asset investment.

I would to know what restrictions were on on these funds and what the investment is. Have these restricted funds been used for the purpose in which they were intended?

by **sharonl** 06.02.18 22:20

NickE wrote:"Fixed assets investments" £582,090.

Is that property investments?

No its listed securities.

I see that Kate & Gerry have charged the fund for travel expenses and "Office and security" costs whatever they are, probably use of their home.

Travel £94

Office and security £225

You would think that they would pay this for the beloved daughter, especially as her fund paid for their mortgage, their top hotels and their legal fees.

by Phoebe 07.02.18 0:04

I note all pretense about not using the "Find Madeleine" fund for legal fees to protect the "Innocence" of Kate and Gerry is gone by the wayside. Anyone remember the early days when they came out to reassure the public that the fund would not be touched and that Kennedy and other benefactors were happily footing their legal bills. Have these benefactors been experiencing straitened times of late? I would have thought the recent cold snaps would prove a boon for double-glazing. titter

by **Hobs** 07.02.18 21:40

Fixed assets in this case relates to property, i suspect it relates to rothley towers since they do not have tools relating to their business.

Are they trying to hide money?
If so then the courts will not take lightly to that and it could end up in criminal court

by Doug D 07.02.18 22:34

Hobs:

‘Fixed assets in this case relates to property, i suspect it relates to rothley towers since they do not have tools relating to their business’

This was what we suspected last year, but the property was still registered to the parents, so not the case. Some property could be included in the investment portfolio, but from this years accounts much of this is likely to be stocks, shares, bonds etc.

…………………………………………………

Companies House stamp on front dated 31/1/18 so lodged on last possible day to avoid a fine.

JM Griffin shown as director, but accounts for year end 31^st March 2017 and he was not appointed until 13^th September 2017.

Fixed Assets – Investments
Jiggled about a bit, used most of the cash held previously in the investment portfolio.
The revaluation of £80k accounts for most of the increase from last year, (92k).
Disposals (book value £64k) probably accounted for the £78k cash addition, which has been reinvested in ‘listed investments’.

Current Assets – Cash at bank
£211k, down from £235k

Creditors- falling due within one year
£65k, up from £11k.
Note says that £51k of this ‘includes costs’ incurred by Isabel Duarte over a number of years. Don’t know for sure, but probably most of this figure, as the category has not appeared before.

Provisions for liabilities
Another new category £15k. Not clear what this is, as tax is covered in Income & Expenditure account. Isabel’s costs for ECHR appeal paperwork maybe?

Restricted funds (‘donations received towards the direct costs of the search for and the investigation into the disappearance of Madeleine’) £547k (so ring-fenced away from the Court costs?) (2016 £560k)

(Apparent error in the Balance Sheet, as Note 5 in the accounts actually shows this figure at £541k as £6k has been pushed across to ‘unrestricted’, similarly unrestricted shows as £172k, not £167k)

Unrestricted funds £167k (2016 £185k)

No income and expenditure account of course, but seemingly random note that miniscule amount of costs paid to K & G. I don't know if the point of this is to try and show them in a good light, or it may be a small companies account requirement.

Also a random note that since the accounting date, a further £84k from the book has been ‘donated’ by KM. (According to the front cover of the book, ‘all royalties’ are due to the fund)

by Verdi 08.02.18 0:53

Phoebe wrote:I note all pretense about not using the "Find Madeleine" fund for legal fees to protect the "Innocence" of Kate and Gerry is gone by the wayside. Anyone remember the early days when they came out to reassure the public that the fund would not be touched:

Two weeks after Madeleine's disappearance, great uncle Brian Kennedy speaks of 'the fighting fund' @ 01:15..

by Doug D 09.02.18 7:34

Good ol’ Trace at it again.

Lots of money in the fund, only £65k needed to pay for the court costs (bugger the rest of the £0.5m odd costs obviously), so no need for anyone to keep donating!

Has she got her TM message wrong?

Madeleine McCann's parents may pay £750,000 for private search if police hunt is axed

The cash is in the Find Madeleine fund, made up mainly of donations and profits from mum Kate’s bestselling book on the disappearance

By [You must be registered and logged in to see this link.] & Tracey Kandohla
· 21:54, 8 FEB 2018
· UPDATED22:48, 8 FEB 2018
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[You must be registered and logged in to see this link.]’s parents have nearly £750,000 to pay for a private search for their daughter if the police hunt is axed.

The cash is in the Find Madeleine Fund, made up mainly of donations and profits from mum Kate’s bestselling book on the disappearance.

It is showing a profit of £793,516, but nearly £65,000 has been set aside to pay for expenses and a failed libel battle against a Portuguese ex-detective who accused the parents of accidentally killing Madeleine and hiding her body.

Kate and dad Gerry, both 49, have seven weeks left of guaranteed funding for Scotland Yard’s Operation Grange, due to end after a £11.3million hunt.

Family spokesman Clarence Mitchell said: “The Madeleine Fund gives Kate and Gerry the option to pick up their own inquiries again, if they choose, with private investigators.”

Madeleine, three, vanished from an apartment in Praia da Luz, Portugal, in May 2007 while her parents were eating tapas with pals at a restaurant nearby.

She would now be nearly 15.

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by Doug D 09.02.18 8:05

Next accounts are due at the original end of December date, so it looks like they applied for and were granted a one-off extension this year.

Even with the months extension they still couldn’t get them right!

Accounts

Next accounts made up to 31 March 2018
due by 31 December 2018
Last accounts made up to 31 March 2017

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by Cammerigal 09.02.18 8:30

T

Doug D wrote:Good ol’ Trace at it again.

Lots of money in the fund, only £65k needed to pay for the court costs (bugger the rest of the £0.5m odd costs obviously), so no need for anyone to keep donating!

Has she got her TM message wrong?

Madeleine McCann's parents may pay £750,000 for private search if police hunt is axed

The cash is in the Find Madeleine fund, made up mainly of donations and profits from mum Kate’s bestselling book on the disappearance

By [You must be registered and logged in to see this link.] & Tracey Kandohla
· 21:54, 8 FEB 2018
· UPDATED22:48, 8 FEB 2018
[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]’s parents have nearly £750,000 to pay for a private search for their daughter if the police hunt is axed.

The cash is in the Find Madeleine Fund, made up mainly of donations and profits from mum Kate’s bestselling book on the disappearance.

It is showing a profit of £793,516, but nearly £65,000 has been set aside to pay for expenses and a failed libel battle against a Portuguese ex-detective who accused the parents of accidentally killing Madeleine and hiding her body.

Kate and dad Gerry, both 49, have seven weeks left of guaranteed funding for Scotland Yard’s Operation Grange, due to end after a £11.3million hunt.

Family spokesman Clarence Mitchell said: “The Madeleine Fund gives Kate and Gerry the option to pick up their own inquiries again, if they choose, with private investigators.”

Madeleine, three, vanished from an apartment in Praia da Luz, Portugal, in May 2007 while her parents were eating tapas with pals at a restaurant nearby.

She would now be nearly 15.

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The McCanns are once again spinning a story in the UK MSM with a planted story from good old Clarence Mitchell, chief media manipulator. They actually need circa £650 k plus costs to pay Detective Amaral after their failed legal action in Portugal. I don’t suppose it was an error in the actualite to drop a decimal point, to setting aside £65K, as even the weary but gullible British public would choke over the true amount. The re-phrase to ‘employing private investigators’ is a nice cover story, as one would expect from these narcissistic liars who never tell the simple truth.
Fibnally, I do appreciate CM little slip, outing their concern that SY’s OG has just 7 weeks of funding left. Oops.

by Doug D 09.02.18 8:43

Cammerigal:

'I don’t suppose it was an error in the actualite to drop a decimal point, to setting aside £65K, as even the weary but gullible British public would choke over the true amount.'

The £65k is the creditors figure from the latest accounts of which £51k ‘includes costs’ incurred by Isabel Duarte over a number of years'.

No mention of the Portuguese court costs they have got to pay which are believed to be in the region of £0.5m.

by Verdi 04.06.18 22:57

Company Monitoring Alert for MADELEINE'S FUND: LEAVING NO STONE UNTURNED LIMITED

The following changes have just been detected:
04 Jun 2018
The Company's Annual Return is now OVERDUE
The return was expected to be submitted by 29 May 2018

by Doug D 07.01.19 13:02

Looks like they have actually missed the deadline this year as this is showing today:

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Traditionally they have crept them in to Companies House by the last available date and they get logged in a few days later, but for this to show up, presumably Companies House have logged all the accounts due 31st December now, so a small fine will become due.

Completely unnecessary and absolutely ridiculous for accounts with minimal activity, which will no doubt reveal bugger all.

by Verdi 07.01.19 14:41

I received this notification from companies house last Friday..

Hello,

Back in April 2015 you requested that we monitor [You must be registered and logged in to see this link.] for any important changes.

The following changes have just been detected:

03 Jan 2019

The Company's Annual Accounts are now OVERDUE
The company accounts were expected to be submitted by 31 Dec 2018

by **Jill Havern** 07.01.19 14:57

Why does it say this in your previous notification?

The following changes have just been detected:
04 Jun 2018
The Company's Annual Return is now OVERDUE
The return was expected to be submitted by 29 May 2018

eta: disregard...it says 'Return'.

by **sharonl** 07.01.19 19:15

They missed the deadline for filing accounts last year but by hook or by crook they managed to changed the due by date to 31st March, a 3 month extension.

This is not something that is available to other companies and I have never seen it happen before. They must have created some drama and used it as a reasonable excuse to appeal for the extension. Either that the government intervened, yet again.

by Doug D 07.01.19 19:48

Looking at sharonl’s post @ [You must be registered and logged in to see this link.], after they were given a one months extension (not three), the ‘overdue’ tag clicked in on 2^ndFeb, whereas the accounts had already been logged on 31^stJan, so maybe they have not missed this years deadline.

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They probably requested and were granted the extension due to the change of accountants and then the resignation & death of Michael Linnett.

by Doug D 08.01.19 18:46

Crept them in again by the look of it.

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by **Mainline** 08.01.19 19:21

Doug D wrote:Crept them in again by the look of it.

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Caught this too, Companies House has a useful tool that lets you subscribe to an individual company, so that you are notified of any updates as soon as they happen. Looks like they are a little more prompt this year, will be interesting reading in a few days. No discernable reason to expect a jump in figures, form for funneling money into nameless 'investments' (I hear Daz gets the toughest whites out), Clarence off the books 'officially'...

by **Jill Havern** 09.01.19 10:41

Here we go - [You must be registered and logged in to see this link.]

by Doug D 09.01.19 10:43

Accounts are now up. Banged them in on 27th, so just before deadline as usual.

Show basically nothing going on for the year.

Total assets have increased to £823k from £728k, mainly due to book royalty 'donation' of £84k and £12k increase in the stocks and shares value.

Isabel Duarte has been paid the £52k she was owed, which was allowed for in last years accounts.

No income & expenditure account of course, but the 'shop' income before it closed, plus any donations, bugger all in all likelihood, pretty much matched by any expenditure, probably also minimal.

by Doug D 06.01.20 16:17

Accounts slipped in at the very last minute as usual. Presently being processed and will be up in next few days.

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by Doug D 07.01.20 13:50

Accounts are now up, but can’t copy & paste as on my phone. No income/expenditure so ca’t say for certain, but pretty much looks like nothing has happened over latest period, surprise, surprise. Just over a grand from ‘bewk’ so not exactly falling off the shelves.

by **sharonl** 07.01.20 21:51

There is a gain of £27,107 on the investment but an overall surplus of only £21,241 (Investment aside, a deficit of £5,866)

Income from Kates' book £1,239 (total £9,946 from book income is assumed to be a cumulative amount on the restricted income from the book in the full accounts over the years).

Not much to go on here but very little appears to be happening apart from the movement on the Investments. Some changes during the year, additions and disposals, some dividends and management fees.

by Doug D 09.01.20 13:47

For the record:

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by Doug D 09.01.20 13:53

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Accounts

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