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Competition time

By Arthur17/1/2021 11:13Sun Jan 17 11:13:07 2021

Views: 1028

I will buy the winner a bottle of wine , red or white (their choice) to anyone who gets close to the right answer (no cheating by using Google).
In accountancy terms a company can file small company accounts if it doesn't exceed two of three minimum criteria. Pulfors Trading Limited has 3 employees and no turnover according to its latest filed accounts. What are its net assets as a small company?


In its Governance and sustainability statement it says "Central to Downings ethos is a commitment to be a "Responsible Investor."" Its registered address is the same as that of Downings LLP. Any guesses what the net assets of a company controlled by 3 employees are?

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2 people like this 2 people   

Re: Competition time

By Arthur28/1/2021 08:22Thu Jan 28 08:22:29 2021In response to Competition timeTop of thread

Views: 759

I really ought to close the competition now. I've checked the supermarket and Amazon, but I honestly can't find yellow or blue wine. There are three winners: Norm, for getting closest to the net assets of a small company; VW Swan for knowing I'm a bleeder (haemophilia, honestly); and John, for knowing my age and laughing about it. If you let me know whether it is red or white, I will make sure you get your tipple.

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Re: Competition time

By Surreysage (Norm)28/1/2021 09:49Thu Jan 28 09:49:02 2021In response to Re: Competition timeTop of thread

Views: 739

Thanks Arthur it is appreciated.

I understand Chateau Lynch Bages , Pauillac 2014 is drinking particularly well at the moment-that will do for me

Many thanks and take care .

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Re: Competition time

By Arthur28/1/2021 16:02Thu Jan 28 16:02:40 2021In response to Re: Competition timeTop of thread

Views: 734

It will be a read. Do you Really believe your guess of £4.4million was close enough to the correct answer of over £250 million warrants such a posh wine (I had to look it up) then I believe our current league position should qualify us for the Champions League.

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Re: Competition time

By Arthur24/1/2021 12:03Sun Jan 24 12:03:11 2021In response to Competition timeTop of thread

Views: 836

.... and what links me to Queen Victoria, and the Tsar and Trarina of Russia employing Rasputin?

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Re: Competition time

By V W Swan24/1/2021 18:06Sun Jan 24 18:06:12 2021In response to Re: Competition timeTop of thread

Views: 765

could it be Haemophilia?

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Re: Competition time

By John Blair24/1/2021 13:58Sun Jan 24 13:58:19 2021In response to Re: Competition timeTop of thread

Views: 791

Could it be that as one of our elderly supporters you were born in the same year as them.
Lol
Or could it be that you were born of royal blood ?
Lol

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Re: Competition time

By Arthur24/1/2021 19:28Sun Jan 24 19:28:43 2021In response to Re: Competition timeTop of thread

Views: 873

John, you don't realise I'm old enough to be their Dad - in fact I may have been!! No, haemophilia is the right answer. And in case any one wondered why Ibwent to London in lock down - it's because my "local"centre for treatment is St Thomas. I was asked to go on \Saturday to have my vaccine, hence coming back with a smile on my face. I must confess to being not as patriotic as my wife who had the Oxford vaccine today - they gave me the Pfeizer one yesterday. However they both work, but the one I had, kept at minus 70 degrees gave me icicles where I leawswt expected them!!

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Re: Competition time

By Ali (alibrown400111)17/1/2021 16:55Sun Jan 17 16:55:26 2021In response to Competition timeTop of thread

Views: 875

All the videos have seem to have been removed from STFC site anyone know why please let me know thanks

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Re: Competition time any updates yet please

By Ali (alibrown400111)17/1/2021 16:16Sun Jan 17 16:16:12 2021In response to Competition timeTop of thread

Views: 1010

hello is their any updates yet please thanks

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Re: Competition time

By Arthur17/1/2021 12:38Sun Jan 17 12:38:44 2021In response to Competition timeTop of thread

Views: 878

Sorry, I know its an "accounting term". Net assets is total assets, such as land, buildings, plant and equipment, bank accounts and money owed, offset by anything you owe. If you look at a house (for homeowners) its the value of the house offset by the mortgage.

I apologise to John and David, I should have made this a raffle; but as many guesses as you want, how much is this small com[any worth?

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Re: Competition time

By Surreysage (Norm)17/1/2021 13:15Sun Jan 17 13:15:10 2021In response to Re: Competition timeTop of thread

Views: 878

£4.4m

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Re: Competition time

By Ali (alibrown400111)17/1/2021 16:24Sun Jan 17 16:24:39 2021In response to Re: Competition timeTop of thread

Views: 880

What is 4.4m let me know thanks

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Re: Competition time

By Arthur17/1/2021 19:31Sun Jan 17 19:31:49 2021In response to Re: Competition timeTop of thread

Views: 873

Ali, the £4.4 million should read in excess of £256 million. that's the size of a small company that quotes Downings as an example to follow. If you don't think this should be a small company write to your local MP, he's the Secretary of State for business. However, now I know what a small company is I think I may have to get suited and booted to meet John Blair!!!

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Re: Competition time

By John Blair17/1/2021 20:08Sun Jan 17 20:08:21 2021In response to Re: Competition timeTop of thread

Views: 842

And to bow when you approach the Supporters Club window hatch !!!!
Lol.
COYS

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Re: Competition time

By Aboss191 (ABrown191)17/1/2021 22:03Sun Jan 17 22:03:10 2021In response to Re: Competition timeTop of thread

Views: 839

how much is the freehold with what is the price as we haven't heard any news yet at all no update from mr chairman yet

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Re: Competition time

By Arthur18/1/2021 08:40Mon Jan 18 08:40:45 2021In response to Re: Competition timeTop of thread

Views: 848

Does it really matter if it is 50p or £50,000,000. All we know is that negotiations are ongoing. We have to believe that the Chairman would have offered a realistic bid based upon current market conditions. Nobody ever holds negotiations in public (see all the press comments while the Brexit negotiations were going on. All you need to know is when the deal has been finalised, or the parties have broken off negotiations. Remember even if the 100 or so regular Swans fans contributed an average of £1,000 each we would only raise £100,000. We can't even get close to the negotiating table. We have to rely on the Chairman to do the dealing, it is his money he is using for our team

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Re: Competition time

By Surreysage (Norm)18/1/2021 09:17Mon Jan 18 09:17:22 2021In response to Re: Competition timeTop of thread

Views: 824

Hi Arthur-you may have come up with a gemof an idea , worth following up.
If you could get ,as a start, 50 supporters to contribute £1,000 per annum then we will have a playing budget to start moving forward. THE freehold situation could take a considerable time to resolve but at least on the pitch we will be making progress.

Perhaps you should liase with the supporters club to launch your idea,Nothing tried nothing gained !!!!!!!!!!!!!!!!!!!

Edited by Norm at 09:18:28 on 18th January 2021
Edited by Norm at 09:19:22 on 18th January 2021

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Re: Competition time

By Arthur18/1/2021 09:47Mon Jan 18 09:47:49 2021In response to Re: Competition timeTop of thread

Views: 791

Boost the budget ..... already in operation

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Re: Competition time

By Surreysage (Norm)18/1/2021 09:57Mon Jan 18 09:57:57 2021In response to Re: Competition timeTop of thread

Views: 822

Yes I know -but are supporters contributing any way near the £1,000pa you mention.Give it ago Arthur who knows it may be a winner.

I am paying over each month,during the lockdown, the equivalent of what I spend at the ground on each match day-entrance,food,drink etc. Another idea that other supporters could adopt to give the incoming new manager a useful playing budget.

Just feel that supporters need to contribute more to the club-follow the Chairmans example who is contributiing millions.

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Re: Competition time

By Arthur18/1/2021 13:08Mon Jan 18 13:08:01 2021In response to Re: Competition timeTop of thread

Views: 816

The scheme is in place. Supporters can give as a one ff donation, or by standing order. They should only give what they can afford. They can, for example, pay double for a programme, giving to the boost the budget scheme. The supporters club tell everyone this from time to time. If anyone is in doubt and would like to donate, please contact either David or John. The money goes directly to the manager in place. It is used for the playing staff. The other thing to remember is that the Chairman is currently supplying the basic budget. There is no match day income so he is more than helping the club right now.

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Re: Competition time

By Arthur17/1/2021 13:17Sun Jan 17 13:17:29 2021In response to Re: Competition timeTop of thread

Views: 891

Thanks Norm, sadly this is on the low side

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Re: Competition time

By Arthur17/1/2021 16:08Sun Jan 17 16:08:35 2021In response to Re: Competition timeTop of thread

Views: 893

I forgot to add, by nature I am rather cautious. Our Chairman thinks big. Whilst I think of National League South, he aims for National League and onwards. What we have to reme3mber is that this company shares its registered office address with Downings and chooses to share its environment, social and corporate governance philosophy with Downings. Admittedly not the BP philosophy, , nor the M&S, nor Centrica, but Downings. Norm's guess is, at a minimum, at least less than 10% of the net assets. So what value of net assets does a small company controlled by 3 employees really have? Someone must have an idea. The prize is still available ........ and for the benefit of John and David, donations to the supporters club would be appreciated by them. COYS

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Re: Competition time

By Yellow Swan (pp7822)29/1/2021 22:04Fri Jan 29 22:04:22 2021In response to Re: Competition timeTop of thread

Views: 705

It’s a very good idea. You’re right, chairman investing a lot. What I will say though, is we need to do more as a club to push commercial opportunities. For example, why haven’t we got a shirt sponsor this season? Where are the pitch side advertisers?? Matchday packages? We can’t argue that other clubs in our league don’t have these in place, as quite clearly they do. There are quick wins here and I personally don’t believe we have done all we can, commercially, to exhaust these opportunities. Not a single company in the local area willing to sponsor us??? I don’t get it....

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Re: sponsorships

By John Blair30/1/2021 12:13Sat Jan 30 12:13:56 2021In response to Re: Competition timeTop of thread

Views: 713

I understand what you are saying about sponsorship opportunities.
For your info. There are 5 sponsors advertised on the clubs website - all of whom have pitchside perimeter advertising boards displayed at the ground - myself being one of them.
As for matchday packages this is a very difficult one over the last 12 months due to Covid restrictions meaning no boardroom hospitality amongst other things.
Hopefully as restrictions get lifted in preparation for next season and football hopefully returns to normal the club might be able to attract more sponsors and be able to offer matchday packages once again.

Edited by John Blair at 12:14:15 on 30th January 2021

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