Accounts

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Topic: Accounts (Read 3071 times)

GrangeParkCobbler

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Re: Accounts

« Reply #60 on: April 02, 2024, 20:45:14 pm »

Quote from: CobblerForever on April 02, 2024, 20:35:08 pm

The early sale of season tickets for season 23/24 (cash received before June 30th 2023) will be the most significant part of Deferred Income in Creditors falling due within one year in Note 8. I don't know how our owners manage the Clubs Bank account but it would make sense not to leave monies earning nothing in the bank when they could utilise it elsewhere via their loan account balances.

The accounting treatment will be in compliance with the accruals concept (matching costs with revenues in the period to which they apply).

So if I understand that right and looking at this set of accounts, the £839k deferred in the 2022 accounts would be included in the 2023 accounts and the £1.139m deferred in this set will go into the next set etc etc..... therefore we are "technically" £300k better off than reported?!


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