Re: Fund Accounts - Help explain this.

by Shibboleth 24.12.11 10:42

Get 'em Gonçalo wrote:
Pershing36 wrote:The strangest one I think however is they only spent £204 in postage 2008. For such a high profile campaign that is nothing. Only equates to a few hundred first class stamps.

But they didn't use one of the stamps to write a letter to the PP to ask for the process to be reopened?

I shall send them a stamped, addressed envelope. All they need to do is put the letter in it.

by **Jill Havern** 24.12.11 10:44

Shibboleth wrote:
Get 'em Gonçalo wrote:
Pershing36 wrote:The strangest one I think however is they only spent £204 in postage 2008. For such a high profile campaign that is nothing. Only equates to a few hundred first class stamps.

But they didn't use one of the stamps to write a letter to the PP to ask for the process to be reopened?

I shall send them a stamped, addressed envelope. All they need to do is put the letter in it.

I think you need to go a step further, actually, and write the letter too. Kate is incredibly busy as you know.

by Shibboleth 24.12.11 10:53

English is not my first language. I do not know whether to write an umm or an err.

by **Jill Havern** 24.12.11 10:55

Shibboleth wrote:English is not my first language. I do not know whether to write an umm or an err.

I would use both.

by jd 24.12.11 11:20

by **sharonl** 30.12.11 19:40

Where are the 2011 accounts?

These are due to be filed at companies house by 31 Dec, tomorrow is Saturday, and no sign of them yet.

by pauline 30.12.11 21:30

Just checked with Companies House.

The Mccanns seem to have trouble with filing the accounts on time -

Accounts to march 2008 Latest filing date 31.12.2008 date filed 26.1.2009
Accounts to March 2009 Latest filing date 31.12.2009 date files 28.1.2010
Accounts to March 2010 Latest filing date 31.12.2010 date filed 15.12.2010 (just in time!)

Accounts to March 2011 Latest filing date 31.12.2011 Not filed as at 30.12.2011

So two years out of three they have presumably paid late filing fees. What a waste of money. How transparent and accountable is it to consistently file late or at the last minute?

Their auditors Haysmacintyre have won awards for their charity accounts (according to their website) - but if their clients don't co-operate its not an auditors fault if accounts are filed late.

What genuine reason can there be for this small company to consistently file their (uninformative) accounts late?

by Guest 30.12.11 21:34

I'd sure be happy go go help her balance her trial balance.

And to produce a meaningful report or two for her website big grin

by Shibboleth 30.12.11 21:37

I want to see the balance sheet for my self, you can make the profit-and-loss account say anything.

by **sharonl** 30.12.11 21:39

Hi Pauline

Just to clarify, the accounts for years 2008-2010 were all due to be filed within 10 Months of the year end i.e by 31 January. Changes to the companies act require the 2011 accounts to be filed with 9 months, i.e 31 Dec 2011

by Pershing36 30.12.11 21:56

I wouldn't be surprised if they get 'special treatment' like so many other companies and accounts.

by monkey mind 30.12.11 23:25

Aw shucks, when the government and men of wealth and power jump through hoops to open doors to a world of freedom, and books of tales and tricks gone by raise pounds by the millions, and there aren't enough hours in a PR day, just time for a snack betwixt TV and Plane, well, who cares if the yarns and accounts of fairies are late? When people mesmerised by the powers of suggestion, left barren of ability to care or question, fear not a jot, for in ignorant bliss with a smile and a bow they will part with their coins for the golden pair, rendering library book fines null void and bare.

by **sharonl** 01.01.12 0:37

It looks official then, the McCanns start the new year with a fine from Companies House

by pauline 01.01.12 10:03

sharonl wrote:It looks official then, the McCanns start the new year with a fine from Companies House

The fine for being up to one month late is only £150. That's equivalent to about 15 minutes of Carter Ruck's valuable time...

by **PeterMac** 01.01.12 10:05

pauline wrote:
sharonl wrote:It looks official then, the McCanns start the new year with a fine from Companies House

The fine for being up to one month late is only £150. That's equivalent to about 15 minutes of Carter Ruck's valuable time...

Or two weeks of an Old Age Pensioner's contribution to the Fund.

by Gillyspot 01.01.12 13:35

PeterMac wrote:
pauline wrote:
sharonl wrote:It looks official then, the McCanns start the new year with a fine from Companies House

The fine for being up to one month late is only £150. That's equivalent to about 15 minutes of Carter Ruck's valuable time...
Or two weeks of an Old Age Pensioner's contribution to the Fund.

"After the abduction Gerry and Kate McCann set in motion their own search with professional
assistance. A Fund was set up to finance the search and many people, often those who could
barely afford it, have given generously to that fund."

Really gets me cross that neither Kate nor Gerry have stinted on anything for themselves yet even IFLG agreed that people went without to donate to their fund.

http://www.iflg.uk.com/documents/7_july_08_address.pdf

by Guest 08.01.12 12:05

Any sign yet of the accounts yet??

Just wondering, perhaps SY are looking at the accounts?

2. How much are late filing penalties?

The level of the penalty depends on how late the accounts reach Companies House and is shown in the following table.

Length of delay (measured from the date the accounts are due)
Penalty : Private company
Not more than 1 month £150
More than 1 month but not more than 3 months £375
More than 3 months but not more than 6 months £750
More than 6 months £1,500

For example a private company’s set of acceptable accounts for the accounting period ending 30 September 2009 would need to be delivered by 30 June 2010 to avoid a late filing penalty. If they were not delivered to Companies House until 15 July 2010 the company will incur a late filing penalty of £150.

The penalties will be doubled if a company files its accounts late in 2 successive financial years beginning on or after 6 April 2008. This means that if a private company has an accounting reference date of 30 September and the accounts for the period ending 30 September 2009 were delivered late, and you delivered accounts for the subsequent period ending 30 September 2010 late, then you would incur a £300 late filing penalty.

3. Are late filing penalties the same as fines imposed on company directors for non-filing of annual returns and accounts?

No. They are entirely different. Failure to file accounts or annual returns is a criminal offence which can result in directors being fined personally in the criminal courts. The registrar may also take steps to strike the company off the public record. Your company could receive a late filing penalty and as a director, you could incur a fine for the same set of accounts if you do not file them on time. Failure to pay a late filing penalty can result in enforcement proceedings.

http://www.companieshouse.gov.uk/about/gbhtml/gp5.shtml

by Guest 08.01.12 12:29

If a company is intending to go into voluntary liquidation, they never file the last set of accounts. If they are closing the company down, we may never see what happened last year.

by Pershing36 08.01.12 12:45

Could they be closing the fund so they can pocket the full amount of the book sales? That way they can avoid any awkward questions about where the money is being spent.

If the fund did shut I wonder what effect it would have on their fan base?

by aiyoyo 08.01.12 13:06

How can they shut down the account? Aren't they still looking for Maddie?

Don't hold your breath on the accounts. There will be no transparency or detailed breakdown.

Most things will be lumped together under a few headings and no one the wiser of the compositions that made it up.

Anyway the day they become transparent is the day they are in trouble with the law and required to come clean.

Hopefully with the Review, it wont be long now.

by Guest 08.01.12 13:17

If SY are investigating the fund, all the books will be at SY offices, which means no one can finish the accounts to file anything. sarcastic

by Pershing36 08.01.12 13:18

Well they have openly said the fund is running low on money. They can't fund a search without money. They could argue that SY is conducting a case review so they have no need to have a private investigation.

by Liz Eagles 08.01.12 14:00

Pershing36 wrote:Well they have openly said the fund is running low on money. They can't fund a search without money. They could argue that SY is conducting a case review so they have no need to have a private investigation.

Sad isn't it. All that money and all that whining. IF this SY review is a lame duck as people question it may turn out to be, then where is the moaning and whining going to take them? we've had the libel suits, we've had the media hype, we've had the diary, we've had the bewk...what's next!!!!!!!!!!....the film rights? the musical? the Broadway show?

by Pershing36 08.01.12 14:24

Will they need anything else. Surely the book will make them millionaires.

by TrollAng 08.01.12 14:27

Does anyone know how much processing time it takes to update the info from submission to where it can be viewed by the public? Perhaps there is a backlog in processing.

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