Madeleine Fund end of year accounts 2016-2017 delayed.

[faithlilly]

It would appear a delay in filing the fund accounts has been requested.

https://beta.companieshouse.gov.uk/company/06248215


What Companies House say about a delay.

 "If there is a special reason for doing so, you may apply to extend the time for delivering accounts to Companies House; for example, if there has been an unforeseen event which was outside the control of the company and its auditors".

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[G-Unit]

I have never seen a prepayment for accountancy in the accounts, just one for the auditors. That leads me to think that the director who was also an accountant dealt with their year-end and filing with Companie's House and HMRC.

December is the busiest month for any accountant as people panic and arrive pleading for help to meet these deadlines. If the accountant is unable to finish all the extra work on time he/she will request more time from the authorities.

That could be the reason for requesting extra time in this case.

[faithlilly]

I have never seen a prepayment for accountancy in the accounts, just one for the auditors. That leads me to think that the director who was also an accountant dealt with their year-end and filing with Companie's House and HMRC.

December is the busiest month for any accountant as people panic and arrive pleading for help to meet these deadlines. If the accountant is unable to finish all the extra work on time he/she will request more time from the authorities.

That could be the reason for requesting extra time in this case.

That could be the case but while other businesses manage to file on time, even in December,  the fund has rarely managed this. Further if their accountant can't file the accountants for a fund he is a director of on time it's a bad show.

[G-Unit]

That could be the case but while other businesses manage to file on time, even in December,  the fund has rarely managed this. Further if their accountant can't file the accountants for a fund he is a director of on time it's a bad show.

They no longer have a director who is an accountant, though, do they? Reminders used to be sent out by post, but now it's by email. Perhaps the reminder didn't get to the right person.

[faithlilly]

They no longer have a director who is an accountant, though, do they? Reminders used to be sent out by post, but now it's by email. Perhaps the reminder didn't get to the right person.

Isn't John Griffin an accountant ?

[Alice Purjorick]

https://www.gov.uk/change-your-companys-year-end.

Shortening the Accounting Reference Date [ARD] means that the filing deadline at Companies House will be the later of (i) 9 months after the new ARD  and (ii) three months after the date of change.

All quite legit, above board and common place.

https://www.gov.uk/government/publications/change-your-company-accounting-reference-date-aa01

What advantages are obtained in this instance are anyone's guess.

[Alice Purjorick]

The Foundation now qualifies as a Micro Entity and may file online.

https://www.gov.uk/government/publications/life-of-a-company-annual-requirements/life-of-a-company-part-1-accounts

[G-Unit]

Isn't John Griffin an accountant ?

No, a tax consultant.

[Alice Purjorick]

The Foundation from offset was classified as a small company so there was no obligation to appoint an accountant. It is now classified as a Micro Entity since recent changes in the law.
As a company limited by guarantee there is no obligation to have the accounts audited unless requested by 10% of members.
Regardless of whether or not an accountant is employed the obligation to "sign off" and file documents on time rests with the company directors.

https://www.gov.uk/government/publications/life-of-a-company-annual-requirements/life-of-a-company-part-1-accounts

[faithlilly]

No, a tax consultant.

Ah I see.

[G-Unit]

The Foundation from offset was classified as a small company so there was no obligation to appoint an accountant. It is now classified as a Micro Entity since recent changes in the law.
As a company limited by guarantee there is no obligation to have the accounts audited unless requested by 10% of members.
Regardless of whether or not an accountant is employed the obligation to "sign off" and file documents on time rests with the company directors.

https://www.gov.uk/government/publications/life-of-a-company-annual-requirements/life-of-a-company-part-1-accounts

In a well run company a line would have been drawn on 31st March 2017 and the year end figures compiled ready for filing with the authorities later in the year. I don't expect much information from these accounts as their last effort in respect of the libel trial (to get the SC decision overturned) was rejected on 23rd March 2017. I think it's unlikely that they paid what they owed to the Portuguese Courts before 31st March.

[Eleanor]

Oh Dear.  Hopefully no one thinks that this matters.

[G-Unit]

Oh Dear.  Hopefully no one thinks that this matters.

Meaning?

[Eleanor]

Meaning?

Well, you tell me why it does matter.  Do you think that you might sue them?  Do you actually care?

[G-Unit]

Well, you tell me why it does matter.  Do you think that you might sue them?  Do you actually care?

Does it need to matter to be discussed then?