UK Accounts well after the Sign-Off date..

[AnAspiringAccountant]

Transactions included in Accounts well after the Reporting Period.

Reading FC had a specific transaction in Accounts made up to 30th June 2023, included in Accounts signed off on March 24th and March 25th 2025 by Director and Auditor respectively.

These were due at CH on 31st March 2024 initially and then they took a 3 month extension to 30th June 2024 which became the new due date.

I'll post the relevant items in a sec.

 

[AnAspiringAccountant]

Note the dates. The 3rd slide is the Profit and Loss Account released to CH on its side, the 4th is the value of Investment disposed ie the Book Value.

For those who want a look in full..

THE READING FOOTBALL CLUB LIMITED filing history - Find and update company information - GOV.UK

THE READING FOOTBALL CLUB LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[Fidget]

what is it that you think is wrong? Can't tell from the posts and screenshots are a bit small.

 

[AnAspiringAccountant]

Thank you. Have you zoomed in or?

I digress, my query is including a transaction ie the Profit on Disposal of Fixed Asset Investment in Accounts made up to June 2023 that were signed off on March 24th 2025..should it be in a subsequent Period?

 

[Fidget]

Looks like the disposal took place in 2022-23, so should be in the accounts for year ending June 2023?

 

[AnAspiringAccountant]

I guess it must have come, I'm that case the sign-off date of Accounts is immaterial? Thanks.

Unlike with a Tangible Fixed Asset which is registered on the Land Registry, this wasn't..I am wondering if they put it there to assist with P&S compliance. You may recall Sheffield Wednesday put the disposal in the incorrect Reporting Period in 2019 for this very reason- as in they had a plan but got it done months after the event.